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Oil prices down in Asian trade SINGAPORE: Oil prices fell further in Asian trade Friday owing to concerns over soft US economic data and the unfolding crisis in Ukraine.New York's main contract, West Texas Intermediate (WTI) for April delivery, eased 36 cents to $102.04 in mid-morning trade, while Brent North Sea crude for April slid nine cents to $108.87.WTI fell 19 cents while Brent slid 56 cents in closing deals Thursday.US data Thursday showed first-time claims for unemployment insurance benefits, a sign of the pace of layoffs, rose last week, well above analysts' average estimate.New orders for manufactured durable goods also fell 1.0 percent in January, extending December's 5.3 percent tumble, the US Commerce Department said.US Federal Reserve chief Janet Yellen told the Senate Banking Committee that policymakers thought severe weather across much of the country was to blame for a disappointing run of economic data over the past two months, including on jobs, industrial output ...

Sinopec shares outperform sluggish China market HONG KONG: Chinese state oil giant Sinopec outperformed a sluggish mainland stock market on Thursday, after Beijing increased fuel prices and hopes remained that a coming annual parliamentary session will push ahead reforms in state-run enterprises. China Petroleum and Chemical Corp (Sinopec) soared 6.7 percent to a 10-month high in Shanghai, helping the Shanghai Composite Index finish up 0.3 percent at 2,047.4 points. The CSI300 of the largest Shanghai and Shenzhen A-share listings slipped 0.4 ...
Oil prices ease ahead of Yellen testimony SINGAPORE: Oil prices eased in Asian trade Thursday as investors await congressional testimony by the US central bank chief for fresh clues about the state of the world's biggest economy, analysts said.New York's main contract, West Texas Intermediate (WTI) for April delivery, was down 32 cents at $102.27 in afternoon trade, while Brent North Sea crude for April was 28 cents lower at $109.24. Fed chief Janet Yellen will appear in front of the Senate ...
Brent eases towards $109 on demand worries; supply fears support SINGAPORE: Brent futures slipped towards $109 on Thursday on worries an easing of the severe chill in the United States will lower demand for heating fuels and remove a key support for oil, though supply-disruption concerns kept the losses in check. US crude oil was also under pressure as investors looked to book profits from its overnight gain. A surge in the dollar and concerns over the consumption outlook of the world's second-biggest oil consumer ...
Oil prices ease ahead of Yellen testimony SINGAPORE: Oil prices eased in Asian trade Thursday as investors await a testimony by the US central bank chief for fresh clues on the state of the world's biggest economy, analysts said.New York's main contract, West Texas Intermediate (WTI) for April delivery, was down 23 cents at $102.36 in mid-morning Asian trade, while Brent North Sea crude for April was 15 cents lower at $109.37. Fed chief Janet Yellen will give testimony to the Senate ...
Oil prices up ahead of US stockpiles report SINGAPORE: Oil prices edged higher in Asian trade Wednesday as dealers await the latest US crude stockpiles data for clues about demand in the world's biggest economy at the tail-end of a harsh winter.New York's main contract, West Texas Intermediate for April delivery, rose three cents to $101.86 in mid-morning trade. Brent North Sea crude for April was up five cents at $109.56."What investors are really focused on right now is an accurate picture of ...
Brent weak as US crude stocks seen rising, holds above $110 on Libya SINGAPORE: Brent futures eased on Tuesday on expectations US crude stockpiles rose for a second straight week, but held above $110 a barrel on concerns over supply following prolonged outages in Libya and other exporters. An easing of the severe chill over the United States and Europe is likely to cut demand for heating fuels, removing a key support that has propped up oil benchmarks during a period of typically low demand. Investors are now ...

 



 
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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