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Oil prices rise on Libyan violence SINGAPORE: Oil prices edged higher in Asia Monday on escalating violence in crude producer Libya following a coup attempt by a rogue general that has raised concerns about potential supply disruptions, analysts said.The US benchmark, West Texas Intermediate (WTI) for delivery in June, rose five cents to $102.07 in mid-morning trade, while Brent North Sea crude for July rose ten cents to $109.85.Armed groups attacked Libya's interim parliament and an airbase in the east Sunday, adding to turmoil in the country where a colonel claiming to speak on behalf of the army declared that parliament had been suspended."The situation in Libya is having a firm impact on sentiment," Michael McCarthy, chief market strategist at CMC Markets in Sydney, told AFP. "There has been no impact on supply but it is a good reminder to investors of potential disruptions that exist not only in Ukraine but also in oil-producing countries like ...

India'S BPCL signs crude import deals with UAE, Kuwait NEW DELHI: Indian refiner Bharat Petroleum Corp has signed a deal with ADNOC, national oil company of the United Arab Emirates, to import 60,000 barrels per day (bpd) oil in 2014/15, a company statement said on Friday. State-run BPCL, along with its subsidiary Bharat Oman Refineries Ltd (BORL), has also signed a deal with Kuwati Petroleum Company to buy 84,000 bpd oil in the fiscal year to March 31, 2015, it said. BPCL operates a ...
Gazprom says gas flows to Europe via Ukraine remain stable MOSCOW: Russian natural gas exports to European consumer nations via Ukraine remained stable on Friday, a spokesman for state-controlled gas producer Gazprom said. Russia has warned that it will not supply Ukraine with gas in June unless Kiev pays in advance, raising fears that deliveries to Europe could be affected. Copyright Reuters, 2014 ...
Oil prices rebound in Asia SINGAPORE: Oil prices rebounded in Asian trade Friday but gains were capped by weak economic data from Europe and oversupply in the United States.New York's main contract, West Texas Intermediate for June delivery, was up 39 cents at $101.89 a barrel in afternoon trade, while Brent North Sea crude for July gained 20 cents to $109.29.Gross domestic product across the 18-nation eurozone grew just 0.2 percent in the three months to March, the Eurostat data ...
Oil prices rebound in Asia SINGAPORE: Oil prices rebounded in Asian trade Friday but gains were capped by weak economic data from Europe and oversupply in the United States.New York's main contract, West Texas Intermediate for June delivery, was up 50 cents at $102.00 a barrel in mid-morning trade, while Brent North Sea crude for July gained 33 cents to $109.42.Gross domestic product across the 18-nation eurozone grew just 0.2 percent in the three months to March, the Eurostat data ...
South Korea's April Iran oil imports up; Jan-April near 2013 average SEOUL: South Korea's crude imports from Iran doubled in April from March, when the shipments dropped due to refinery maintenance, but intake of the oil over the first four months remained near last year's average, customs data showed on Thursday. South Korea imported 552,884 tonnes of Iranian crude last month, or 135,088 barrels per day (bpd), compared with 274,808 tonnes a month ago and 507,821 tonnes a year ago, according to the preliminary customs data. ...
China CNPC oil field executive under investigation for graft BEIJING: China's top anti-graft body said on Thursday is was investigating a former executive at an oil firm owned by state-run China National Petroleum Corp , as the government presses ahead with an anti-corruption campaign targeting the energy sector. Sun Weidong, the former vice-manager of the Yumen Oilfield Company in western Gansu province, is being investigated on suspicion of seriously violating discipline, the Central Commission for Discipline Inspection said in a one-line statement, using the ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln