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Brent dips to 3-week low below $111, Libya says oil crisis over SINGAPORE: Brent futures dipped below $111 a barrel on Thursday as supply fears eased after Libya declared an end to an oil crisis that has cut exports from the OPEC member to a trickle, although declines will be capped by concerns over Iraq.Libya's acting prime minister Abdullah al-Thinni said the government had reached a deal with a rebel leader controlling oil ports to hand over the last two terminals and end a blockade, making around 500,000 more barrels a day of crude available for export.Brent crude extended the previous session's losses to fall to a three-week low, dropping 25 cents to $110.99 a barrel by 0621 GMT. U.S. oil declined 33 cents to $104.15, also sliding to a three-week trough."Even if Libyan production comes back, it will still be only 40-50 percent of the country's full pre-crisis exports. That's a small number," said Tetsu Emori, commodity fund manager at Japan's ...

Oil extends losses on return of Libyan supplies SINGAPORE: Oil extended losses in Asia Thursday on prospects that Libya will begin exporting more crude into a global market flush with supplies, while easing concerns about the Iraqi crisis also weighed on prices.US benchmark West Texas Intermediate (WTI) for August delivery eased 35 cents to $104.13 while Brent crude for August was down 23 cents at $111.01 in afternoon trade. Brent fell $1.05 in London Wednesday after Libya's interim Prime Minister Abdullah Al-Thani declared ...
Oil extends losses on return of Libyan supplies SINGAPORE: Oil extended losses in Asia Thursday on prospects that Libya will begin exporting more crude into a global market flush with supplies, while easing concerns about the Iraqi crisis also weighed on prices. US benchmark West Texas Intermediate (WTI) for August delivery eased 47 cents to $104.01 while Brent crude for August was down 33 cents at $110.91 in late-morning trade. Brent fell $1.05 in London Wednesday after Libya's interim Prime Minister Abdullah Al-Thani ...
Oil prices up ahead of US supply report SINGAPORE: Oil prices edged higher in Asia Wednesday as dealers await the release of a US stockpiles report for clues about demand in the world's top crude consumer, while upbeat Chinese manufacturing data lent support.US benchmark West Texas Intermediate for August delivery rose 10 cents to $105.44 while Brent crude gained nine cents to $112.38 in afternoon trade. With few leads in Asian trading, focus is on the US Energy Information Administration's weekly stockpiles report ...
Oil prices mixed ahead of US supply report SINGAPORE: Oil prices were mixed in Asia Wednesday as dealers await the release of a US stockpiles report for clues about demand in the world's top crude consumer, while upbeat Chinese manufacturing data lent support.US benchmark West Texas Intermediate for August delivery rose one cent to $105.35 while Brent crude for August eased 15 cents to $112.14 in mid-morning trade.With few leads in Asian trading, focus is on the US Energy Information Administration's weekly stockpiles ...
Middle East crude Saudi Aug OSPs to drop on weak Dubai SINGAPORE: The Middle East crude market held steady on Tuesday as traders eyed new monthly official selling prices (OSPs) to gauge the sentiment for the front-month September trading.Top oil exporter Saudi Arabia is expected to cut August prices of most grades against July on a weaker Dubai market structure and poor margins for most oil products, traders said.The extent of the price cuts would depend on whether state oil giant Saudi Aramco has tweaked a ...
Indonesia to sell 18 Bontang LNG cargoes to BP Trading JAKARTA: Indonesia's energy regulator said on Tuesday it agreed to sell 18 cargoes of liquefied natural gas (LNG) from its Bontang plant to BP Trading through 2015.The agreed price is $14.80 per million metric British thermal units (mmbtu). Eight cargoes will be supplied this year and 10 next year, Widhyawan Prawiraatmadja, deputy of commercial operations at SKKMigas, told reporters.The Bontang plant processes LNG from the gas fields in the Mahakam River delta in East Kalimantan, ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln