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Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asian trade Thursday as investors weighed a surprisingly robust US stockpiles report with an expected return of Libyan supply after a months-long disruption in exports, analysts said. New York's West Texas Intermediate for May delivery eased 21 cents to $99.41 a barrel in mid-morning trade and Brent North Sea crude for May was up 12 cents at $104.91."There is some downward pressure from the Libyan side," Tan Chee Tat, investment analyst at Phillip Futures in Singapore, told AFP. Tan said investors are digesting reports that the North African state, a member of oil producing cartel OPEC, may be close to reaching a deal with rebels who have blockaded oil terminals since July."This would release about 600,000 barrels of crude per day into the market," he said. Libyan exports have dwindled to around 250,000 barrels a day from 1.5 million following the blockade, initially sparked ...

Oil prices down in Asian trade SINGAPORE: Oil prices turned lower in Asian trade Wednesday as investors stood on the sidelines with few fresh leads, but retained support following upbeat global economic data released a day earlier, analysts said.New York's West Texas Intermediate (WTI) for May delivery eased 35 cents to $99.39 a barrel in afternoon trade and Brent North Sea crude for May was down 11 cents at $105.51."We expect range-trading for Asian markets today. There is no important data ...
Brent holds above $105, inventory data in focus SINGAPORE: Brent crude steadied above $105 a barrel on Wednesday but was still near a five-month low, with investors waiting for more US inventory data to assess demand in the world's largest oil consumer. Oil tumbled 2 percent on Tuesday after Libyan rebels said they would re-open vital oil ports within days, while poor manufacturing data from China and Europe weighed on the outlook for fuel demand.May Brent crude had inched up 4 cents to ...
Oil prices rise in Asian trade SINGAPORE: Oil prices edged higher in Asian trade Wednesday following upbeat global economic data but a lack of fresh leads was curbing further gains, analysts said. New York's West Texas Intermediate (WTI) for May delivery rose three cents to $99.77 a barrel in late-morning trade and Brent North Sea crude for May was up four cents at $105.66.Analysts said prices were tracking gains in Asian markets Wednesday, following the release a day earlier of upbeat ...
Azeri state oil fund acquires office block in South Korea BAKU: Azerbaijan's state oil fund has acquired an office complex in the South Korean capital Seoul for $447 million, the fund said on Tuesday, as it further diversifies a broad portfolio of foreign assets. Increasingly wealthy Azerbaijan's $34 billion fund holds the proceeds from oil contracts, oil and gas sales, transit fees and other revenues, and uses the returns on its investments to help pay for social spending and infrastructure projects. The 65,000 square-metre Pine ...
Oil prices dip on hopes of Ukraine crisis easing SINGAPORE: Oil prices dipped in Asian trade on Tuesday as reports of a partial withdrawal of Russian troops along the Ukrainian border raised hopes of an easing in the worst East-West standoff since the Cold War. New York's West Texas Intermediate (WTI) for May delivery dropped 28 cents to $101.30 a barrel in afternoon trade and Brent North Sea crude for May shed 13 cents to $107.63.The Ukrainian defence ministry's general staff spokesman Oleksiy Dmytrashkivskiy ...
Brent holds steady below $108 after China data SINGAPORE: Brent crude was little changed on Tuesday, holding steady under $108 a barrel, after China released manufacturing data that was in line with forecasts as traders await US jobs figures later this week to assess global economic health and fuel demand.Activity in China's factory sector edged up slightly in March, a government survey showed, though the figure is unlikely to dispel concerns that the world's second-largest economy slowed more than expected in the first ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln