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Oil prices mixed as market eyes Iraq, US supplies NEW YORK: Oil prices finished mixed on Monday as traders kept watch on turmoil in Iraq, while anticipating another drop in US crude-oil inventories. US benchmark West Texas Intermediate (WTI) for September delivery advanced 43 cents to $98.08 a barrel on the New York Mercantile Exchange.European benchmark Brent oil for September delivery fell 34 cents to $104.68 a barrel in London. Iraq remained in focus as President Fuad Masum accepted the nomination of Haidar al-Abadi to serve as the next prime minister in an effort to replace the much-criticized Nuri al-Maliki.The shakeup came after Iraq's Kurdish forces on Sunday reclaimed two towns from Islamic State fighters, buoyed by US air strikes that began last week, aimed at stemming the jihadist advance .Andy Lipow, head of Houston consultancy Lipow Oil Associates, said the US air strikes have raised hopes the Kurds "will be able to turn around and push back" the ...

Mexico oil refinery fire death toll rises to three MEXICO CITY: The death toll from a fire at a northern Mexico oil refinery has risen to three, the oil company said on Sunday, after two more workers succumbed to their injuries.The fire broke out Friday at the complex in Ciudad Madero, a city bordering the US state of Texas, just two weeks after another blaze at the same refinery.State-run energy company Pemex said on Twitter that the workers were doing maintenance work on a ...
Petrobras oil profits down 20pc in 2nd quarter SAO PAULO: Second quarter profits for Brazil's Petrobras dropped 20 percent compared to the same period one year earlier, the state-run oil giant said.Petrobras recorded profits of 4.96 billion reais (about $2.22 billion) in the quarter, the company said late Friday, compared to 6.2 billion reais (nearly $3 billion) for the same period in 2013.CEO Graca Foster said that the slump in profits was due to an 800 million reais drop in revenue as well ...
London oil prices fall as US launches strikes in Iraq NEW YORK: Oil prices fell in London Friday after the US said it had launched air strikes on jihadist militants in Iraq who are threatening the crude-rich Kurdish region.Brent North Sea crude for September delivery lost 42 cents to finish at $105.02 in London trade.Earlier, before the US strikes were announced, Brent had surged to as high as $107.45.Prices rose modestly in New York however, adding 31 cents to $97.65 a barrel, though finishing well ...
Oil at six-month low despite drop in gasoline supplies NEW YORK: Oil prices in New York fell again Wednesday on worries about lower demand, even after an inventory report showed a surprising drop in US gasoline supplies.US benchmark West Texas Intermediate for September delivery dropped 46 cents to $96.92 a barrel on the New York Mercantile Exchange, the lowest closing price since February 3.European benchmark Brent oil for September delivery dipped two cents to $104.59 a barrel in London.Analysts said they were surprised WTI ...
US oil prices fall to six-month low on demand concerns NEW YORK: Oil prices in New York Tuesday fell to a six-month low on concerns about weak gasoline demand in the US and lackluster Chinese economic data.US benchmark West Texas Intermediate for September delivery dropped 91 cents to $97.38 a barrel on the New York Mercantile Exchange.European benchmark Brent oil for September delivery fell 80 cents to $104.61 a barrel on the New York Mercantile Exchange.WTI, which has fallen five of the last six days, ...
Oil prices up on turmoil in Iraq, Libya NEW YORK: Oil prices moved higher on Monday following a weekend of turmoil in key petroleum producers Libya and Iraq.US benchmark West Texas Intermediate for September delivery snapped a five-day losing streak, gaining 41 cents to $98.29 a barrel on the New York Mercantile Exchange.European benchmark Brent oil for September delivery rose 57 cents to $105.41 a barrel in London.The rally came on continued violence in Libya, where at least 22 more people died in ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln