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Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Monday as dealers balance easing concerns about the militant insurgency in Iraq with upbeat sentiment about US demand following strong jobs data, analysts said. US benchmark West Texas Intermediate for August delivery eased 12 cents to $103.94 while Brent crude rose nine cents to $110.73 in afternoon trade.Desmond Chua, market analyst at CMC Markets in Singapore, said oil prices "continue to track lower as Iraq's production remains unaffected by the recent unrest". The rebel group has overrun swathes of Iraq and is close to Baghdad following a lightning offensive since June 9, displacing hundreds of thousands of people and initially alarming global oil markets. After nearly four weeks of fighting with government forces, however, the group has yet to directly threaten the key oil-producing region in the country's south. Iraq is the second biggest producer in the 12-nation OPEC oil cartel, pumping 3.4 ...

India Essar says 400,000 bpd refinery running at half capacity NEW DELHI: India's Essar Oil is operating its 400,000 barrels per day (bpd) refinery at Vadinar at half of its capacity due to repair works at a pipeline linked to its crude unit, a company spokesman said.The reduced throughput took place on Saturday and the refinery is expected to resume full operations by Wednesday or Thursday, he said.Copyright Reuters, 2014 ...
US oil still targets $103.24 SINGAPORE: A bearish target at $103.24 per barrel remains unchanged for US oil, as indicated by a Fibonacci retracement analysis.The depth and the duration of the fall from $107.73 indicate this fall is against the longer uptrend from the May 1 low of $98.74, instead of the short one from the June 5 low of $101.60.A Fibonacci retracement analysis on the long trend reveals oil has broken below a support at $104.30, the 38.2 percent ...
Brent trades near 3 week low just above $110; Libya could boost supply SINGAPORE: Brent crude prices hovered near a three-week low just above $110 a barrel on Monday, hurt by a potential rise in oil supply as Libya gears up to resume exports from two ports that have been closed for nearly a year. The benchmark dropped 2.3 percent last week, its biggest weekly decline since early January, on the Libyan news. Brent is about $5 a barrel below its highest point this year - marked in ...
Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Friday as profit-taking set in after rallying in response to a strong US jobs report, while dealers consider the prospect of an influx of Libyan crude into global markets, analysts said.US benchmark West Texas Intermediate for August delivery eased 11 cents to $103.95 while Brent crude rose five cents to $111.05. On Thursday the Labor Department said the US economy added 288,000 jobs in June, well above expectations ...
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 ...
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 ...

 



 
Index Closing Chg%
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln