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Oil prices up on Ukraine tensions SINGAPORE: Oil prices rose in Asian trade Friday after Russia ordered new military exercises on the border with Ukraine in response to Kiev launching a deadly assault against pro-Kremlin rebels occupying a flashpoint town.US benchmark, West Texas Intermediate for June delivery, was up two cents at $101.96 a barrel in mid-morning trade and Brent North Sea crude for June also climbed two cents to $110.35.In response to the Russian build-up US Secretary of State John Kerry accused it of a "full-throated effort to actively sabotage the democratic process through gross external intimidation" and described the military exercises as "threatening".He also said Moscow had broken an agreement signed last week in Geneva aimed at easing tensions, adding that refusal to take any steps to end the crisis would "not just be a grave mistake, it will be an expensive mistake".The veteran diplomat added "we are ready to act" as Washington tees ...

Oil prices rebound in Asian trade SINGAPORE: Oil prices rebounded in Asian trade Thursday as heightened tensions in Ukraine overshadowed data showing US commercial crude inventories reaching an all-time high.New York's West Texas Intermediate for June delivery, was up 30 cents at $101.74 a barrel in afternoon trade, and Brent North Sea crude for June rose 24 cents to $109.35.Both contracts tumbled Wednesday on the US stockpiles data, which indicate softer demand at a time of robust production in the world's ...
Oil prices rebound in Asian trade SINGAPORE: Oil prices rebounded in Asian trade Thursday as heightened tensions in Ukraine overshadowed data showing US commercial crude oil inventories reaching an all-time high.New York's West Texas Intermediate for June delivery, was up 24 cents at $101.68 a barrel in mid-morning trade, and Brent North Sea crude for June rose 19 cents to $109.30.Both contracts tumbled Wednesday on the US stockpiles data, which indicate softer demand at a time of robust production in the ...
Japan's JX Nippon shuts naphtha cracker due to ‘problem’ TOKYO: Japan's JX Nippon Oil & Energy said on Wednesday it had shut its 443,000 tonnes per year naphtha cracker in Kawasaki since Monday morning due to an unspecified problem. A company spokeswoman did not give any further details. The restart schedule for the cracker, which is located near Tokyo, has yet to be be set. Copyright Reuters, 2014 ...
Oil prices down ahead of US stockpiles report SINGAPORE: Oil prices edged lower in Asian trade Wednesday despite hopes that a key US stockpiles report would beat bearish forecasts and ease concerns about tepid demand in the world's top crude consumer.New York's main contract, West Texas Intermediate for June delivery, was down 20 cents at $101.55 a barrel in afternoon trade while Brent North Sea crude for June eased nine cents to $109.18.WTI for May delivery, which expired Tuesday, fell $2.24 in New ...
US crude steady on hopes oil inventory rose slower than forecast SINGAPORE: US crude futures held steady near $102 a barrel in early Asian trade on Wednesday after steep losses in the previous session on expectations oil inventories in the world's top consumer rose at a much slower pace than expected. US crude gained 5 cents to $101.80 a barrel by 0020 GMT, after settling more than 2 percent lower in its steepest decline in nearly four months. Brent futures rose 11 cents to $109.38, after ...
Oil prices rise ahead of US stockpiles report SINGAPORE: Oil prices inched higher in Asian trade Wednesday on hopes that a key US stockpiles report would beat bearish forecasts, easing concerns about tepid demand in the world's top crude consumer.New York's main contract, West Texas Intermediate for May delivery, was up two cents at $101.77 a barrel in mid-morning trade while Brent North Sea crude for June rose 14 cents to $109.41."Prices are holding steady as investors are hoping that US inventories out ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln