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Oil prices down ahead of Yellen testimony SINGAPORE: Oil prices fell in Asia Tuesday as investors await congressional testimony by the US central bank chief for fresh clues about the state of the world's biggest economy, analysts said. US benchmark West Texas Intermediate for August delivery was down five cents to $100.86 while Brent crude for August eased 23 cents to $106.75 in afternoon trade. US Federal Reserve chair Janet Yellen will begin two days of testimony later Tuesday before congressional committees that will focus on the bank's time-frame for raising benchmark interest rates. French lender Credit Agricole said Yellen is likely to say that the Fed's key policy-making committee "look for the rate lift-off in 2015". However, she will "emphasise that Fed views on the timing of the lift-off remain contingent on the economic outlook", the bank said in a market commentary. Oil prices remain supported following turmoil in Libya, which has clouded expectations of a ...

Oil prices mixed ahead of Yellen testimony SINGAPORE: Oil prices were mixed in Asia Tuesday as investors await congressional testimony by the US central bank chief for fresh clues about the state of the world's biggest economy, analysts said. US benchmark West Texas Intermediate for August delivery rose one cent to $100.92 while Brent crude for August eased 18 cents to $106.80 in late-morning trade.US Federal Reserve chair Janet Yellen will begin two days of testimony later Tuesday before congressional committees that ...
Brent oil may remain above $105.98 SINGAPORE: Brent oil seems to have stabilised around a support at $105.98 per barrel, and may remain above it or rebound towards a resistance at $107.84.The support is provided by the 76.4 percent Fibonacci retracement on the rise from the Nov. 8, 2013 low of $102.98 to the June 19 high of $115.71. It has been strengthened by another similar one established by a trendline rising from the April 18, 2013 low of $96.75.These two ...
ZTE shares set to open up 3.2pc after raising H1 profit forecasts HONG KONG: Shares of Chinese telecom equipment maker ZTE Corp were set to open up 3.2 percent in Hong Kong on Tuesday after the company raised its earnings guidance for the first half of the year. The Shenzhen-based company said after the market closed on Monday it expected first-half net profit of between 1 billion yuan ($161.1 million) and 1.15 billion, having previously forecast net profit for the period of between 800 million and 1 ...
South Korea June Iran oil import up; Jan-June import down SEOUL: South Korea's imports of crude from Iran rose by 7 percent in June from a year ago but its oil shipments from the OPEC member in the first half of this year fell 11 percent year on year, or below last year's daily average, customs data showed on Tuesday. South Korea imported 604,402 tonnes of Iranian crude oil last month, or 147,676 barrels per day (bpd), higher than 284,327 tonnes a month ago and ...
Brent holds above $106 as Libya, Iraq violence renews supply worries SINGAPORE: Brent crude held steady above $106 a barrel on Monday, hovering just off three-month lows, as the potential for renewed supply disruptions put a floor under prices that have been tumbling since the last week of June.Brent lost $2.01 on Friday to settle at $106.66 a barrel, the lowest finish since April 7. The benchmark lost about 3.6 percent last week, the steepest weekly fall since early January.But the market could see a strong ...
Brent rises to near $107 as Libya, Iraq violence renews supply worries SINGAPORE: Brent crude bounced off of three-month lows on Monday to near $107 a barrel as the potential for renewed supply disruptions put a floor under prices that have been tumbling since the last week of June.Brent lost $2.01 on Friday to settle at $106.66 a barrel, the lowest finish since April 7. The benchmark lost about 3.6 percent last week, the steepest weekly fall since early January. But the market could see a strong ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln