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Russia's oil exports from Primorsk seen down 8pc in 2014 MOSCOW: Russian Baltic Sea port of Primorsk plans to cut crude oil exports by 8 percent to 50 million tonnes (1 million barrels per day) this year, Igor Katsal, an official at the state-owned oil pipeline monopoly Transneft, said on Thursday. Last year, Transneft's oil exports from the Baltic Sea and the Black Sea ports, mostly Europe-bound, declined 8 percent on the back of increased supplies to Asia. Transneft would also cut crude oil shipments to Primorsk as it is boosting exports of diesel via one of the pipelines initially designed for crude oil flows. Copyright Reuters, 2014 ...

Brent firms above $108 on supply risks, demand outlook SINGAPORE: Brent futures inched higher on Thursday, holding above $108 a barrel, as investors focused on risks from the unfolding crisis in Ukraine and as OPEC raised its 2014 global oil demand growth forecast for a second straight month. The US oil benchmark plunged more than 2 percent overnight in its biggest drop in two months after Washington announced a surprise plan for a test release of strategic oil reserves, while weekly data showed a ...
Asia Naphtha: Abu Dhabi lowers term offers to +$28.50 and +$30/T SINGAPORE: Abu Dhabi National Oil Co (ADNOC) has lowered its offers on three naphtha grades for May 2014 to April 2015 loading by 5 percent to 6.25 percent to $28.50 to $30.00 a tonne above its own formula on a free-on-board (FOB) basis, traders said on Thursday. The current offers are now at $28.50 a tonne each for the splitter and low-sulphur grade and $30 a tonne for paraffinic grade. Traders said ADNOC's current offers ...
Oil prices rebound in Asia SINGAPORE: Oil prices rebounded in Asian trade Thursday as investors took to bargain hunting after sharp falls induced by a bigger-than-expected rise in US crude stockpiles.New York's main contract, West Texas Intermediate for April delivery, rose 13 cents to $98.12 in mid-morning trade and Brent North Sea crude for April was up 29 cents at $108.31."Trade is relatively muted mainly due to bargain hunting activities," Tan Chee Tat, investment analyst for Phillip Futures in Singapore, ...
Oil prices ease in Asian trade SINGAPORE: Oil prices fell in Asian trade Wednesday ahead of the weekly US stockpiles report that will give an indication of demand in the world's biggest economy.New York's main contract, West Texas Intermediate (WTI) for April delivery, dipped 61 cents to $99.42 in afternoon trade, and Brent North Sea crude for April eased 27 cents to $108.28.The US Department of Energy will release its report later in the day and analysts expected inventories to have ...
Oil prices ease in Asian trade SINGAPORE: Oil prices fell in Asian trade Wednesday ahead of the weekly US stockpiles report that will give an indication of demand in the world's biggest economy.New York's main contract, West Texas Intermediate (WTI) for April delivery dipped 47 cents to $99.56 in mid-morning trade, and Brent North Sea crude for April eased 20 cents to $108.35.The US Department of Energy will release its report later in the day and analysts expected inventories to have ...
Crude eases in Asia as weak China trade weighs SINGAPORE: Oil turned lower in Asian trade Tuesday with prices weighed down by weaker-than-expected Chinese trade data, analysts said.New York's main contract, West Texas Intermediate for April delivery, was down three cents to $101.09 in afternoon trade. Brent North Sea crude for April eased six cents to $108.02.Desmond Chua, market analyst at CMC markets in Singapore, said China's "surprisingly dismal" trade balance data was bearing down on the market.He said in a market commentary that ...

 



 
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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