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Brent drops below $102 on weak Chinese factory data SINGAPORE: - Brent crude slipped below $102 a barrel on Monday as weak data from China reinforced concerns of slower growth in the world's second-largest economy, dampening the outlook for oil demand.China's manufacturing activity slowed in June, with a private survey by HSBC hitting the lowest in nine months, while the bank's economist said the third quarter will be challenging on tighter credit."We're likely to see China growing slower going forward and that is going to be reflected in slower oil demand growth," said Lee Chen Hoay, an analyst at Phillips Futures.Brent crude dropped to as low as $101.63 a barrel after the Chinese data. The August contract was down 21 cents at $101.95 a barrel by 0423 GMT.Front-month Brent shed more than 7 percent in the second quarter ended June, its third straight quarterly decline and the longest such stretch of losses in 15 years.US crude fell 16 cents ...

Asia LNG prices rise as weather warms up PERTH: Asian spot LNG prices rose this week in anticipation that warmer weather in top consumer Japan will boost the country's demand for the fuel.Japan will see mostly hotter-than-average weather from July to September, its official forecaster said on Tuesday, boosting power consumption as cooling demand goes up.Asian LNG prices were pegged in the low-$15 per mmBtu level, up slightly from last week's high $14 per mmBtu level.Spot prices were seen increasing even though Japan's ...
India approves doubling of gas prices NEW DELHI: India's government has approved a doubling of natural gas prices, the first hike in three years, in a politically sensitive decision set to take effect around election time next year.The Cabinet Committee on Economic Affairs announced late Thursday that the price of domestically produced natural gas should rise to $8 per unit from the current $4.2 in April next year."It will be applicable from April 1 2014 and will be valid for 5 ...
Oil prices rebound in Asia following US data SINGAPORE: Oil prices rose in Asian trade Friday after a brief dip as dealers digested upbeat US economic data and comments from a Federal Reserve official that its stimulus programme will not end soon, analysts said. New York's main contract, West Texas Intermediate (WTI) light sweet crude for delivery in August, was up 20 cents at $97.25 a barrel and Brent North Sea crude for August gained 21 cents to $103.03 in afternoon trade.Kelly Teoh, ...
Brent rises above $103 on talk Fed will continue stimulus SINGAPORE: Brent crude oil futures rose above $103 a barrel on Friday and are set for the first monthly rise in five months, after comments from Federal Reserve governors that the Fed is in no rush to scale back its massive bond-buying program.The North Sea benchmark, however, is still on track for a third quarterly loss -- the longest such streak since 1997/98 -- on persistent worries about the state of the global economy and ...
Oil up in Asia as US, China concerns ease SINGAPORE: Oil prices edged higher in Asia Thursday as weak US data suggested the Federal Reserve will hold off on ending its aggressive bond-buying programme, while concerns over China's liquidity crisis also eased, analysts said.New York's main contract, West Texas Intermediate light sweet crude for delivery in August, was up 45 cents at $95.95 a barrel and Brent North Sea crude for August gained 52 cents to $102.18 in afternoon trade."Overall, the US data has ...
Brent rises above $102 as US stimulus worries ease SINGAPORE: Brent crude rose for a fourth session in a row on Thursday to trade above $102 a barrel as weak US economic data eased concerns the US Federal Reserve will soon reduce its monetary stimulus, underpinning commodities.Brent crude for August delivery rose 53 cents to $102.19 a barrel by 0424 GMT, after settling 40 cents higher at $101.66 a barrel in the previous session.US crude was up 38 cents at $95.88 a barrel.The US ...

 



 
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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