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Oil prices extend gains in Asia SINGAPORE: World oil prices extended gains in Asian trade Wednesday as investors cheered the IMF's upbeat forecast for global growth this year, which is expected to boost demand.New York's main contract, West Texas Intermediate (WTI) for March delivery, was up 38 cents to $95.35 in mid-morning trade, while Brent crude for March rose 33 cents to $107.06.For the first time in nearly two years, the International Monetary Fund (IMF) raised its global growth forecast by a tenth point to 3.7 percent, after a 3.0 percent pace in 2013.The optimistic outlook is fuelled by solid growth in the United States as other countries also move away from austerity budgets.The International Energy Agency (IEA) also raised its prediction of global oil demand, which is dependent on the strength of the world economy.Oil prices were "lifted by (the) IMF's upward revision of 2014 global growth and (after) the International Energy Agency upped its ...

Oil prices mixed in Asian trade SINGAPORE: Crude prices were mixed in Asian trade Tuesday on easing supply concerns as a landmark deal to curb oil-rich Iran's disputed nuclear programme came into force. The US benchmark contract, West Texas Intermediate for delivery in February, was down 32 cents to $94.05 a barrel in the afternoon, while Brent crude for March reversed earlier losses to climb 19 cents at $106.54.Iran on Monday halted production of 20 percent enriched uranium, as an interim ...
Oil prices down in Asian trade SINGAPORE: Crude prices dipped in Asian trade Tuesday on easing supply concerns as a landmark deal to curb oil-rich Iran's disputed nuclear programme came into force. The US benchmark contract, West Texas Intermediate for delivery in February, was down 48 cents to $93.89 a barrel in mid-morning Asian trade and Brent crude for March eased five cents to $106.30.Iran on Monday halted production of 20 percent enriched uranium, as an interim deal between Tehran and ...
Oil prices down in Asian trade SINGAPORE: Oil prices eased in Asian trade Monday after China's 2013 economic growth came in at its slowest rate in 14 years, fuelling concerns over demand in the world's second largest economy.New York's main contract, West Texas Intermediate (WTI) for February delivery, was down 67 cents at $93.70 a barrel in afternoon trade, while Brent North Sea crude for March dropped 15 cents to $106.33.China said Monday gross domestic product grew 7.7 percent last year, ...
Brent falls towards $106 on strong dollar; China data may support SINGAPORE: Brent crude edged down towards $106 per barrel on Monday, pulled lower by a strong dollar, while robust Chinese economic data helped ease some fears of a hard landing in the world's second largest economy. The initial reaction on oil markets was largely muted after data on Monday showed the Chinese economy eased to 7.7 percent between October and December, from 7.8 percent in the previous three months and slightly ahead of market expectations ...
Oil prices down in Asian trade SINGAPORE: Oil prices eased in Asian trade Monday after China's 2013 economic growth came in at its slowest rate in 14 years, fuelling concerns over demand in the world's second largest economy. New York's main contract, West Texas Intermediate (WTI) for February delivery, was down 76 cents at $93.61 a barrel in mid-morning trade, while Brent North Sea crude for March dropped 21 cents to $106.27.China said Monday gross domestic grew 7.7 percent last year, ...
Oil prices down in Asian trade SINGAPORE: World oil prices eased in Asian trade Friday owing to supply concerns as non-OPEC members such as the United States ramp up production.US benchmark West Texas Intermediate for delivery in February dipped one cent to $93.95 by mid-morning after see-sawing in volatile trade.European benchmark Brent crude for March was down 27 cents at $105.48. The February contract expired on Thursday.Dealers fear "supplies may outstrip demand, fuelled by increased in production from non-members of Organization ...

 



 
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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