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BHP Billiton tenders 650,000 barrels condensate for April HOUSTON: BHP Billiton Ltd has tendered to sell 650,000 barrels of US processed condensate for April delivery, according to a document received by Reuters on Wednesday. The document said bids must be received by Thursday for the cargo to be delivered April 15-30. It also said the condensate would have an API gravity of 52.Copyright Reuters, 2015 ...

Oil tumbles on dollar; Brent down more in US crude spread play NEW YORK: A rallying dollar punished oil on Tuesday, with Brent prices falling more than U.S. crude as players took profit on recent highs in the spread between the two, traders said.Brent, the London-traded global oil benchmark, slumped more than 3 percent as expectations of a mid-year U.S. rate hike sent the dollar soaring to multi-year highs, making commodities denominated in the greenback costlier for holders of other currencies.In New York, U.S. West Texas Intermediate ...
US oil products futures slump as weak Brent crude weighs NEW YORK: US refined products futures fell on Tuesday as slumping Brent crude prices weighed on the oil complex and a surging dollar helped provide pressure, brokers and analysts said.U.S. April RBOB gasoline futures were off 5.38 cents, or 2.87 percent, at $1.8209 a gallon at 12:49 p.m. EDT (1649 GMT), having slipped as low as $1.8168.April NY ultra-low sulfur diesel futures were down 3.08 cents, or 1.67 percent, at $1.8090 a gallon after slipping ...
Brent falls while US crude gains on easing stockbuild NEW YORK: Brent prices fell 2 percent on Monday pressured by European Central Bank bond-buying, while U.S. crude rose about 1 percent on a smaller-than-expected build in inventories at the key Cushing oil hub, leading to a narrowing gap between the two benchmarks.Brent's premium to U.S. crude, one of the biggest oil plays, narrowed to less than $9 a barrel, tripping up some traders who had bet the spread would expand this week after a ...
Oil rebounds from early drop on modest Cushing stock build NEW YORK: Oil prices rose on Monday, rebounding from early losses, after market data firm Genscape reported a modest stock build last week at the Cushing, Oklahoma delivery point for U.S. crude.A strong dollar, which hit 11-year highs against other major currencies, and worries about U.S. crude inventories reaching another record peak last week weighed on prices earlier.The front-month contract in U.S. West Texas Intermediate (WTI) crude jumped $1, or about 2 percent, to $50.61 ...
Oil falls in volatile trade on supply worries, dollar and Iran NEW YORK: Oil closed lower on Thursday in volatile trade, as a soaring dollar and the U.S. pursuit of an Iranian nuclear deal offset earlier gains from supply concerns in Libya and Iraq.Libya's declaration of force majeure on nearly a dozen of its oilfields due to security concerns and arson attacks by Islamic State militants on Iraqi oil wells helped prices climb during the European session.In New York trade, the market came off its highs ...
Global supply glut weighs on oil prices NEW YORK: Persistent worries about a global oversupply of crude oil weighed on the oil market Thursday after US inventories leaped to another record high this week.US benchmark West Texas Intermediate for delivery in April fell 77 cents to $50.76 a barrel on the New York Mercantile Exchange at the end of a volatile session in which WTI spent some time in positive territory.In London, Brent North Sea crude for April, the international benchmark, dipped ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln