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Crude prices mixed in Asia SINGAPORE: Oil prices were mixed in Asian trade Monday after the crisis in Ukraine escalated over the weekend and data showed Chinese manufacturing activity contracted at a faster rate than initially thought.The US benchmark, West Texas Intermediate for June delivery, gained six cents to $99.82 in mid-morning trade, while Brent North Sea crude for June dipped 13 cents to $108.46.Desmond Chua, analyst at CMC Markets in Singapore, said that investors are expecting prices to remain high owing to the worsening crisis in Ukraine which is seen as a proxy battle for influence between US-led Western powers and Russia."The markets are on tenterhooks for any further escalation of events in the Ukraine after Sunday's violence," Chua told AFP.Thousands of pro-Russian protesters attacked police headquarters in the southern city of Odessa on Sunday, days after deadly clashes and a fire there killed dozens of their comrades in what Kiev charged was a ...

Oil prices turn lower in Asian trade SINGAPORE: Oil prices turned lower in volatile Asian trade on Friday after US crude stockpiles surged, with investors keeping an eye out for further clues on the health of the US economy.New York's West Texas Intermediate for June delivery was down three cents to $99.39 a barrel in afternoon trade, and Brent North Sea crude for June dipped six cents to $107.70.Both contracts had been up in mid-morning trade.Prices eased on Thursday after the US ...
Oil prices recover in Asian trade SINGAPORE: Oil prices climbed in Asian trade Friday after falling in New York in response to data showing in stockpiles in the United States, while investors are keeping an eye on the release later in the day of US jobs figures.New York's West Texas Intermediate for June delivery was up five cents to $99.47 a barrel in mid-morning trade, reversing a decline earlier Friday. Brent North Sea crude for June inched up one cent to ...
Brent slips towards $108.50 on stock build, fall in US crude SINGAPORE: Brent slipped towards $108.50 a barrel on Wednesday, dragged down by a near $1 drop in US crude as inventories in the United States were expected to hit the highest level on record.A Reuters poll of analysts revealed expectations that US crude stocks rose 2.4 million barrels to 400 million barrels last week, the highest level since the US Energy Information Administration started collecting data in 1982. The poll was taken ahead of the ...
Crude prices down in Asian trade SINGAPORE: Oil prices eased in Asian trade Wednesday on expectations of another increase in US crude stockpiles, which would suggest weak demand in the world's biggest economy.New York's West Texas Intermediate (WTI) for June delivery dropped 80 cents to $100.48 in afternoon trade, and Brent North Sea crude for June eased 32 cents to $108.66.Analysts expect data due later Wednesday to show US crude stockpiles rose by 2.2 million barrels last week, according to a ...
Sinopec, Huadian to take combined 15pc stake in Canada LNG project HONG KONG: China Petrochemical Corp (Sinopec Group) said on Wednesday it and state-owned power group China Huadian Corp have agreed to take a combined 15 percent stake in a liquefied natural gas (LNG) project controlled by Malaysian state oil firm Petronas in Canada. Sinopec Group will hold 10 percent of the Pacific Northwest LNG project on Canada's Pacific Coast, while Huadian will have 5 percent after the transaction, it said in a statement. Sinopec Group ...
Crude prices down in Asian trade SINGAPORE: Oil prices eased in Asian trade Wednesday on expectations of another increase in US crude stockpiles which would suggest weak demand in the world's biggest economy.New York's West Texas Intermediate (WTI) for June delivery dropped 88 cents to $100.40 in mid-morning trade, and Brent North Sea crude for June eased 35 cents to $108.63.Analysts expect data due Wednesday to show US crude stockpiles rose by 2.2 million barrels last week, according to a Wall ...

 



 
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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