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Oil prices slip in Asian trade SINGAPORE: Oil prices retreated in Asian trade Thursday on easing concerns about Middle East supply, while minutes from the US Federal Reserve were unable to shed any new light on the future of its stimulus programme. New York's main contract, West Texas Intermediate (WTI) for delivery in October, slipped two cents to $103.83 in mid-morning trade, and Brent North Sea crude for October dipped 19 cents to $109.62. "The drop in crude oil prices could be attributed to signals of the resumption of Libyan exports," Lee Chen Hoay, investment analyst at Phillip Futures in Singapore, said in a note.Libya's main oil terminals have been hit by strikes since late July that caused production to plummet to fewer than 330,000 barrels per day before rising again to 670,000. According to reports, Libyan officials have said some terminals will reopen soon and more shipments could restart in the next few days. The ...

China's July Iran crude imports down 12.6pc on year BEIJING: China's average daily crude imports from Iran fell 12.6 percent in July from the same month last year, data from the General Administration of Customs showed on Wednesday.China, Tehran's largest oil customer, bought 1.687 million tonnes of crude from the Middle East nation in July, or about 397,261 barrels per day.For the first seven months of the year, imports fell 3.5 percent over a year earlier at 12.205 million tonnes, or around 420,267 bpd, ...
Oil prices lower ahead of US crude stockpiles data SINGAPORE: Oil prices inched down in Asian trade Tuesday as dealers await US crude stockpiles data for clues about demand in the world's biggest economy, analysts said. New York's main contract, West Texas Intermediate for delivery in September, was down 35 cents at $106.75 a barrel in afternoon trade while Brent North Sea crude for October eased 38 cents to $109.52."The market is taking a wait-and-see approach," Victor Shum, managing director at IHS Purvin and ...
Indonesian shares tumble again on economy, US Fed concerns JAKARTA: Indonesian shares fell sharply again on Tuesday, to their lowest since March 2012, on continuing worry over the economy and the impact of a cut in US monetary stimulus.At 0420 GMT, the benchmark index was down 4.9 percent to 4103.4.On Monday, the index dropped 5.6 percent, its biggest one-day fall in nearly two years.Asian stocks opened lower on Tuesday, hit by continuing uncertainty over when the US Federal Reserve will start to reduce its ...
Brent slips below $110 on Fed policy concerns; Egypt supports SINGAPORE: Brent crude prices slipped below $110 a barrel on uncertainty over when the US Federal Reserve will scale back its bond-buying program, but unrest in Egypt and reduced oil product supply from Libya kept a floor under prices.Brent crude oil futures for October fell 24 cents to $109.66 a barrel by 0215 GMT, down from a four-month peak of $111.53 on Aug. 15.US crude oil futures for September fell 7 cents to $107.03.Investors are ...
Oil prices lower ahead of US crude stockpiles data SINGAPORE: Oil prices inched down in Asian trade Tuesday as dealers US crude stockpiles data for clues about demand in the world's biggest economy, analysts said. New York's main contract, West Texas Intermediate for delivery in September, was down seven cents at $107.03 a barrel in mid-morning trade while Brent North Sea crude for October eased 25 cent to $109.65."The market is taking a wait-and-see approach," Victor Shum, managing director at IHS Purvin and Gertz ...
Yancoal Australia takes $343mn hit on coal price fall MELBOURNE: The Chinese parent of Yancoal Australia made a $343 million provision for losses after warning it expected coal markets to remain weak as its subsidiary slid into the red due to plunging coal prices.In a Hong Kong stock exchange filing on Monday, Yancoal Australia's Chinese parent, Yanzhou Coal Mining Co Ltd , said falling coal prices made it necessary to take a 2.1 billion yuan ($343.4 million) provision for impairment of assets, given a ...

 



 
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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