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Brent holds below $107, but heads for best month since Aug SINGAPORE: Brent crude hovered below $107 per barrel on Wednesday ahead of the outcome of a US Federal Reserve meeting and economic data that will be scoured for hints on the outlook for demand from the world's top oil consumer.But prices were set to post their biggest monthly rise in eleven months, helped by gains earlier in July amid geopolitical tensions that kept alive concerns about global oil supplies."All eyes are on the Fed statement, and I think in terms of the short term trajectory for risk assets, that's going to be the focal point, followed by non-farm payrolls and other US data," said Ben Le Brun, an analyst at OptionsXpress in Sydney."If there's any suggestion the Fed is going to taper the current bond buying program as soon as September, then that's US dollar positive and therefore a negative impact on everything that's weighed in US dollar."The Fed, which ...

Brent crude steady above $107 ahead of Fed outcome SINGAPORE: Brent crude futures remained steady above $107 a barrel as investors looked to a Federal Reserve meeting for clues on the outlook for the US monetary stimulus programme that has bolstered demand in the world's No.1 oil consumer.Investors also avoided taking big positions ahead of key economic data this week including US payroll numbers and manufacturing from China, the world's second largest oil consumer.Brent crude futures had slipped 5 cents to $107.40 a barrel ...
Myanmar China gas pipeline goes into operation: Xinhua BEIJING: Gas has started flowing to energy-hungry China through a pipeline from Myanmar, Beijing's official media reported, in a major project that highlights their economic links even as political ties weaken.The 793-kilometre (492-mile) pipeline runs from Kyaukpyu on Myanmar's west coast, close to the offshore Shwe gasfields, and across the country.It enters southwest China at Ruili, near areas where heavy clashes between the rebel Kachin Independence Army and the Myanmar military were reported earlier this ...
Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asian trade Monday ahead of a US central bank meeting and the release of key economic data from the world's biggest economy, analysts said.New York's main contract, West Texas Intermediate for delivery in September, was down 31 cents at $104.39 a barrel in mid-morning trade and Brent North Sea crude for September was one cent higher at $107.18."Federal Reserve officials (are) meeting this week and as ever all eyes ...
Reliance, ONGC to work out sharing infrastructure in India's KG basin MUMBAI: Indian energy major Reliance Industries Ltd and state-run exploration firm Oil and Natural Gas Corp have signed an initial agreement to consider sharing Reliance's offshore infrastructure at the KG basin, off India's east coast.Reliance and ONGC will conduct a joint study over the next nine months to work out a formal agreement and firm up commercial terms, the two companies said late on Saturday.Reliance, controlled by billionaire Mukesh Ambani, operates India's largest offshore gas ...
Renesas plans to close major chip plant in Japan TOKYO: Japan's Renesas Electronics Corp plans to close a system LSI chip plant in northern Japan that makes chips for Nintendo Co Ltd's Wii game consoles and other consumer electronics, after failing to find a buyer for the facility, sources familiar with the matter said on Saturday.The state-of-the-art Tsuruoka plant's 1,000 employees will be offered reassignments or voluntary redundancy, the sources said, as Renesas restructures to focus on making microcontrollers for automotive electronics, where it ...
Vietnam July crude oil output dips 2.0pc y/y HANOI: Vietnam's July crude oil output eased 2.0 percent from a year ago to an estimated 1.38 million tonnes, or 327,000 barrels per day (bpd), the government said on Friday.The following table updates production figures for Vietnam's key energy items this month and targets for 2013.Unit: oil, coal and LPG in tonnes; natural gas in million cubic metres; electricity in billion kilowatt hour.Copyright Reuters, 2013 ...

 



 
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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