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Oil prices rise on Egypt violence SINGAPORE: Oil prices rose in thin Asian trade Monday, supported by fears that the unrest in Egypt could spread across the Middle East and block off supplies, analysts said.New York's main contract, West Texas Intermediate for delivery in September, was up four cents at $107.50 a barrel in mid-morning trade.Brent North Sea crude for October delivery gained four cents to $110.44."Oil prices remain supported by the situation in Egypt with fears that it could spread across the Middle East," Desmond Chua, market analyst at CMC Markets in Singapore, told AFP. "There is still some concern about supplies passing through the Suez Canal and Sumed Pipeline," he said. Thirty-six Islamist prisoners were killed Sunday during an attempted jailbreak in Egypt, police said, bringing to almost 800 the death toll over five days as authorities continued a crackdown on supporters of ousted president Mohamed Morsi.The bloodshed in Egypt has drawn widespread international ...

Iraq picks five more companies for Nassiriya oil field bid BAGHDAD: Iraq has selected five additional international oil companies to bid for the development of its Nassiriya oil field and the construction of a new 300,000 barrels per day refinery, the oil ministry said on Friday.The project is part of plans to expand the country's downstream operations. In March, seven companies were selected to bid in an auction planned to be held in December this year.The companies added to the list are France's Maurel et ...
India Aug diesel exports seen at 2.4mn T SINGAPORE: India exports of August-loading diesel cargoes are expected to hit 2.365 million tonnes, the highest monthly volume so far this year, as refinery expansions lead to a surplus of the fuel and monsoon rains curb domestic demand, industry sources said.The flood of Indian cargoes will drag on Asian gasoil margins that are mired near one-month lows as demand elsewhere in the region also remains weak."The spike in exports is due to heavy monsoon season, ...
Oil prices dip but Egypt worries provide support SINGAPORE: Oil prices eased on profit-taking in Asia on Friday but remain supported by concerns about turmoil in Egypt after a crackdown on protesters killed nearly 600 people nationwide, analysts said. Investors are closely watching whether the latest unrest in Egypt will escalate and affect stability in the oil-rich and politically volatile Middle East region. New York's main contract, West Texas Intermediate for delivery in September, was down 12 cents at $107.21 a barrel in ...
Oil prices rise after Egypt bloodbath SINGAPORE: Oil prices rose in Asian trade Thursday on concerns that escalating violence in Egypt will disrupt supplies from the Middle East, analysts said. New York's main contract, West Texas Intermediate for delivery in September, was up 42 cents at $107.27 a barrel in afternoon trade, and Brent North Sea crude for September gained 38 cents to $110.58."Developments in Egypt are on centre stage again and will continue to apply upward pressure on oil prices," ...
Brent prices climb towards $111 as Egypt unrest stokes supply fears SINGAPORE: Brent crude prices climbed towards $111 per barrel on Thursday, extending gains from the previous session on a drop in US oil inventories and worries over supplies from the Middle East and North Africa.As a state of emergency was declared by the Egyptian government following deadly clashes between riot police and supporters of ousted President Mohamed Mursi, investors feared that unrest could choke key supply routes such as the Suez Canal or spill over ...
Oil prices rise after Egypt bloodbath SINGAPORE: Oil prices rose in Asian trade Thursday on concerns that escalating violence in Egypt will disrupt supplies from the Middle East, analysts said. New York's main contract, West Texas Intermediate for delivery in September, was up 32 cents at $107.17 a barrel in mid-morning trade, and Brent North Sea crude for September gained 39 cents to $110.59."Developments in Egypt are on centre stage again and will continue to apply upward pressure on oil prices," ...

 



 
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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