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Oil prices dip as Ukraine concerns cool slightly NEW YORK: Global oil prices dipped Tuesday after a successful presidential election in Ukraine over the weekend helped to ease some concerns despite continued fighting in the pro-Russian east.The US benchmark, West Texas Intermediate for delivery in July, closed at $104.11 a barrel, a decline of 24 cents from Friday.In London, Brent North Sea crude for July settled at $110.02 a barrel, down 30 cents from Monday.Markets in both New York and London were closed Monday for a holiday, but Brent had a settlement price for its electronic trade.Traders appeared to look past some encouraging US economic data. Durable goods orders unexpectedly rose for a third month in April, home prices rose month-over-month in March and consumer confidence improved in May."US macroeconomic data looks supportive as does the prospect of ongoing violence in Ukraine and Libya, but oil supplies remain comfortable overall," said Tim Evans of Citi Futures.Robert Yawger of ...

Oil prices slip on profit taking, Ukraine attack on rebels NEW YORK: Global oil prices slid on Tuesday as traders took profit after a long holiday weekend and Ukraine's new president launched a fresh offensive against rebel groups, giving traders an impression of stability in spite of renewed violence.Analysts expect any price weakening to be brief as Libyan oil exports fell further and conflict in the eastern Ukrainian city of Donetsk could raise the risk premium.Brent was down 25 cents at $110.07 a barrel by ...
Canada crude-by-rail exports reach record high of 160,000 bpd CALGARY: Canadian exports of crude oil by rail hit a record high of 160,000 barrels per day in the first quarter of 2014, Canada's National Energy Board says, a more than 50 percent rise from the same period a year earlier.Canada shipped 160,164 bpd out of the country by rail between January and March, a sharp rise from the first quarter of 2013, when it exported 105,632 bpd, the NEB said on Friday. The first-quarter ...
Brent holds above $110 as geopolitical worries support NEW YORK: Brent and US crude futures pushed higher on Friday, supported by the crises in Ukraine and Libya as well as positive economic data in the world's top two oil consumers, the United States and China. Both Brent and US crude posted weekly gains a second straight week. Investors watched Ukraine, a main gas supply route to Europe from Russia, where presidential elections are set for Sunday after Kiev said more than a dozen ...
Oil market slips on profit taking NEW YORK: World oil prices slipped Thursday as dealers took profits from the previous day's bumper gains that were driven by signs of strong US crude demand.In New York, the US benchmark, West Texas Intermediate (WTI) for delivery in July, fell 33 cents to $103.74 per barrel.Brent North Sea crude for July delivery dropped 19 cents to $110.36 in London trade.Crude futures had rallied on Wednesday following news of tumbling crude reserves in top consumer ...
ExxonMobil finds promising shale oil deposit in Argentina BUENOS AIRES: ExxonMobil said Wednesday it has found a promising shale oil deposit in southern Argentina, on par with some of the best of its kind in the United States.The US oil giant started work last year in Vaca Muerta, in Neuquen province, in the southern Patagonia region.Vaca Muerta is a huge deposit that ranks Argentina second in the world for shale gas reserves and fourth for potential shale oil reserves.The United States is the ...
Oil prices mixed on supply factors WASHINGTON: Oil prices were mixed on Tuesday as traders tracked the supply outlook amid unrest in Libya, the Ukraine-Russia crisis and on the eve of US inventory data.The US benchmark, West Texas Intermediate (WTI) for delivery in June, dipped 17 cents to $102.44 a barrel ahead of the release of US energy stockpiles data.Brent North Sea crude for July gained 32 cents to stand at $109.69 a barrel in London trade."Further unrest in Libya is ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
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