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Oil prices down in Asian trade SINGAPORE: Oil prices eased in Asian trade Monday, but retained support from the latest round of tensions between Ukraine and Russia which sparked concerns of a full-scale military conflict, analysts said. US benchmark West Texas Intermediate for September delivery was down 46 cents at $96.89 while Brent crude for October fell 65 cents to $102.88 in mid-morning trade. Desmond Chua, market analyst at CMC Markets in Singapore said oil prices were supported by news on Friday that Ukraine had shelled Russian armoured vehicles after they entered its territory. Moscow denied the incursion.Ukrainian President Petro Poroshenko said government artillery had destroyed "a considerable part" of a Russian military convoy purportedly carrying humanitarian aid into rebel-held east Ukraine. The West and Kiev fear the convoy could be a "Trojan horse" to help the pro-Kremlin rebels, or provide Moscow with an excuse to send in the 20,000 troops that NATO says it has ...

Brent stays near 13-month low below $103 SINGAPORE: Brent crude edged up on Friday, helped by weakness in the dollar, but it remained near a 13-month low below $103 a barrel as a shaky European economy fuelled concern about demand in a well-supplied oil market. Growth in Germany and France ground to a halt in the second quarter. That disappointing data came just days after news that implied oil demand in China, the world's second-largest oil consumer, fell 6 percent in July ...
Global LNG: Asian prices edge higher on signs of pick-up in demand SINGAPORE: Asian spot liquefied natural gas (LNG) prices rose for the second straight week amid signs demand may pick up in the coming months, traders said. Spot LNG prices for September delivery rose to just under $11 per million British thermal units (mmBtu) this week, compared with $10.60 per mmBtu last week. Prices edged higher after a price near $12 per mmBtu in a tender by Australia's Northwest Shelf (NWS) project earlier this month took ...
Oil prices rebound in Asia SINGAPORE: Oil prices rebounded in Asia Friday on bargain-hunting following sharp falls stoked by a slew of downbeat global economic data and easing concerns about the Ukraine crisis, analysts said.US benchmark West Texas Intermediate (WTI) for September delivery rose three cents to $95.61 while Brent crude for October was up 54 cents to $102.61 on its first day of trading.WTI sank $2.01 in New York trade Thursday while the Brent contract for September delivery fell ...
Oil prices rebound in Asia SINGAPORE: Oil prices rebounded in Asia Friday on bargain-hunting following sharp falls stoked by a slew of downbeat global economic data and easing concerns about the Ukraine crisis, analysts said.US benchmark West Texas Intermediate (WTI) for September delivery rose eight cents to $95.66 while Brent crude for October was up 55 cents to $102.62 on its first day of trading. WTI sank $2.01 in New York trade Thursday while the Brent contract for September delivery ...
Oil prices down in Asian trade SINGAPORE: Oil prices fell in Asia Thursday following a surprise increase in US commercial crude-oil stockpiles and a slew of soft economic data from leading energy consumers.US benchmark West Texas Intermediate eased 44 cents to $97.15 while Brent crude shed 48 cents to $103.80 in afternoon trade.A build in US inventories for the first time in seven weeks weighed on prices, analysts said.US crude-oil inventories rose by 1.4 million barrels, to 367.0 million, in the ...
Brent oil to retrace to $103.43 SINGAPORE: Brent oil faces a resistance at $104.08 per barrel and may retrace moderately to $103.43.The resistance is provided by the 38.2 percent Fibonacci retracement on the fall from the Aug. 8 high of $106.85 to the Aug. 13 low of $102.37.It is not very clear if the rebound from this low will extend. Given that the former resistance at $103.43, the 23.6 percent level, has triggered a correction, the current resistance may cause another ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln