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Crude prices ease in Asia on profit taking SINGAPORE: Oil prices eased in Asian trade Monday as traders booked profits after strong gains last week on positive US economic data and the tensions in Ukraine.New York's West Texas Intermediate (WTI) for May delivery eased 24 cents to $101.43 a barrel in late-morning trade and Brent North Sea crude for May dipped 22 cents to $107.85.Tan Chee Tat, investment analyst at Phillip Futures in Singapore, told AFP: "We are seeing some easing because of some profit taking."WTI prices got a boost last week from data showing robust US consumer spending.Orders for US durable goods -- a key indicator of the economy -- rose 2.2 percent in February from the prior month, beating expectations for a 1.0-percent decline.Investors are also tracking events in Europe as the top diplomats from the US and Russia held talks to find a solution to the crisis in Ukraine.Russian troops are massed on the borders ...

Middle East Crude: Rosneft, Surgut sell more ESPO SINGAPORE: The Middle East crude market weakened on Friday with DME Oman's premium to Dubai slipping as May trade approached an end.Russian producer Rosneft sold five of the six ESPO cargoes it offered in a tender, mostly within the price range fetched for May loading barrels this month.The April 29-May 2 cargo fetched the highest premium at $4.70-$4.80 a barrel to Dubai quotes while the lowest premium was at $3.90-$4. The remaining three cargoes were ...
China's CNOOC wins special permit for fuel exports BEIJING: China National Offshore Oil Company (CNOOC) has won government approval for a special permit to export refined fuels free of tax, as Beijing injects a small measure of competition into a market dominated by two other state giants, the company and traders said. CNOOC, parent of China's top offshore oil producer CNOOC Ltd , may now apply for a quota to export a total of 400,000 to 500,000 tonnes of fuel for the first ...
Oil prices mixed in Asia tradem SINGAPORE: Oil prices were mixed in Asian trade Friday after posting solid gains in New York on optimism over the US economy and concerns about supply disruptions in Nigeria.New York's main contract West Texas Intermediate for May delivery was up 26 cents at $101.54 a barrel in late afternoon trade, while Brent North Sea crude for May settlement fell five cents to $107.78.Analysts said prices were supported by robust consumer spending in the United States, ...
Oil prices mixed in Asia trade SINGAPORE: Oil prices were mixed in Asian trade Friday after posting solid gains in New York on optimism over US economic growth and concerns about supply disruptions in Nigeria.New York's main contract West Texas Intermediate for May delivery was up eight cents at $101.36 a barrel in mid-morning trade, while Brent North Sea crude for May settlement fell 13 cents to $107.70.Analysts said prices were being supported by robust consumer spending in the United States, ...
Brent steady around $107; Obama hints at tougher Russia sanctions SINGAPORE: Brent crude held steady around $107 a barrel on Thursday as investors took stock of comments by US President Barack Obama hinting at tougher economic sanctions against Russia, including in the energy sector. The United States and the European Union agreed on Wednesday to work together to prepare possible further economic sanctions in response to Russia's actions in Ukraine and to make Europe less dependent on Russian gas. Obama warned at a news conference ...
Oil prices mixed in Asia after strong US data SINGAPORE: Oil prices were mixed in Asian trade Thursday, taking a breather after surging on strong US economic data, analysts said.New York's main contract, West Texas Intermediate (WTI) for May delivery, gained 10 cents to $100.34 a barrel in late morning trade, following a $1.07 jump Wednesday.Brent North Sea crude for May eased 11 cents to $106.95."Crude made a huge move overnight rise due to the renewed strength in the US economy on better-than-expected durable ...

 



 
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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