Just in:  

You are here: Home»Markets»Energy»Americas



Oil prices rise on upbeat US economic data NEW YORK: Global oil prices rallied Tuesday, supported by data showing an encouraging surge in US consumer confidence and home prices as markets reopened after a long holiday weekend.New York's main contract, West Texas Intermediate light sweet crude for July delivery, closed at $95.01 a barrel, up 86 cents from Friday.In London trade, Brent North Sea crude for delivery in July jumped to $104.23 a barrel, a hefty gain of $1.61 from Monday's electronic trading on the IntercontinentalExchange.Crude was "swept up by optimism, coming after a long weekend," said Matt Smith of Schneider Electric.Better-than-expected economic news in the United States supported prices that already had been on their way up in tandem with equities markets. The New York and London oil markets closed off their highs.US consumer confidence hit a five-year peak in May and home prices surged 11 percent in March year-on-year, the biggest annual increase in nearly seven ...

US natgas futures slip on milder weather, storage builds NEW YORK: US natural gas futures slid about 2 percent early on Tuesday, extending Friday's losses after the long Memorial Day holiday weekend.Traders said fairly mild weather expected for the next two weeks and expectations for another above-average inventory injection were weighing on prices despite the return of weekday industrial demand following the holiday.As of 9:42 a.m. EDT (1342 GMT), front-month June natural gas futures on the New York Mercantile Exchange were at $4.157 per ...
Venezuela says open to oil production cut to maintain prices CARACAS: Venezuela would be open to an oil production cut if the Organisation of Petroleum Exporting Countries (OPEC) decided it was necessary to help maintain prices, Energy Minister Rafael Ramirez said Monday."We have a joint production level of 30 million barrels per day... that we can maintain in order to keep prices at $100 a barrel," Ramirez said ahead of an OPEC meeting in Vienna later this week.But, Ramirez added: "If during the discussions fears ...
NEW YORK: US gasoline futures briefly turned positive on Friday and crude oil futures on both sides of the Atlantic pared losses after Genscape reported the gasoline-making unit at Irving Oil's refinery in St. John's, Canada, had been shut down."Genscape detects the shutdown of the 70,000 bpd (fluid catalytic cracking unit) during the overnight hours," it said in a report.Gasoline futures hit a high of $2.8376 per gallon on the news, then pared gains. Earlier, ...
Oil prices pare losses on US equities turnaround NEW YORK: Brent crude oil prices retraced earlier losses after falling to a three-week low on Thursday in a broader commodities selloff, riding the coattails of a late turnaround in US equities to end flat.Traders said the US equity market's steady recovery from earlier lows supported oil prices, which moved largely in tandem with the stock markets.They also cited US crude's failure to break through its 200-day moving average, a technical support level. After briefly ...
Brazil to open huge oil field to auction RIO DE JANEIRO: Brazil will auction concessions to operate an offshore oil field believed to hold up to 12 billion barrels of crude, the government said Thursday.The tender process will take place in late October, said Magda Chambriard, director of the National Oil Agency. New estimates are that the so-called Libra oil field holds between eight billion and 12 billion barrels of oil -- the largest find ever in Brazil, she said.The field covers 1,500 ...
Oil recovers after dive on Chinese data NEW YORK: Global oil prices closed little changed Thursday, recovering from sharper losses earlier in the day after weak Chinese manufacturing data.New York's main contract, West Texas Intermediate light sweet crude for July, edged down three cents to settle at $94.25 per barrel. WTI had hit an intraday low of $92.21.Brent North Sea crude for delivery in July settled at $102.44 per barrel, down 16 cents from Wednesday."Oil prices have continued their recent declines for ...


Index Closing Chg%
Arrow DJIA 17,387.21 1.65
Arrow Nasdaq 4,681.50 1.89
Arrow S&P 2,029.55 1.34
Arrow FTSE 6,811.61 0.60
Arrow DAX 10,628.58 1.57
Arrow CAC-40 4,624.21 1.09
Arrow Nikkei 17,768.30 1.72
Arrow H.Seng 24,807.28 0.41
Arrow Sensex 29,571.04 1.00

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln