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Crude prices up after Crimea referendum SINGAPORE: Oil prices rose in Asia Monday on increased geopolitical tensions, as the United States hinted at fresh sanctions against Moscow after Crimea voted in a referendum to break away from Ukraine and join Russia.The United States strongly rejected the vote on Sunday, saying it violated Ukraine's constitution and was carried out "under duress of Russian military intervention".New York's main contract, West Texas Intermediate for April delivery, was up 25 cents to $99.14 in afternoon trade, and Brent North Sea crude for May gained seven cents to $108.28.Tan Chee Tat, an investment analyst at Phillip Futures in Singapore, said US-led Western powers were likely to impose additional sanctions on Russia, which is seen as having orchestrated Crimea's breakaway after a pro-Western government took over in Kiev.A White House statement said the referendum "would never be recognised by the United States and the international community".President Barack Obama warned that the United ...

Crude prices up after Crimea referendum SINGAPORE: Oil prices rose in Asia Monday on increased geopolitical tensions as the United States hinted at fresh sanctions against Moscow after Crimea voted in a referendum to break away from Ukraine and join Russia.The United States strongly rejected the vote on Sunday, saying it violated Ukraine's constitution and was carried out "under duress of Russian military intervention".New York's main contract, West Texas Intermediate for April delivery, was up 23 cents to $99.12 in mid-morning ...
ONGC, Oil India complete $873mn stake buy in IOC NEW DELHI: India's state-run Oil and Natural Gas Corp and Oil India have completed purchase of a 10 percent stake in state refiner Indian Oil Corp for 53.4 billion rupees ($873 million), senior executives at the two companies said on Friday. Oil India Chairman Sunil Kumar Srivastava told Reuters that the company had completed the purchase of 5 percent stake at 26.70 billion rupees. A senior executive at ONGC, who did not want to be ...
Kenya raises price caps for kerosene, petrol; lowers diesel NAIROBI: Kenya's energy regulator said on Friday that it was raising the maximum retail fuel prices for petrol and kerosene and lowering that for diesel for the month until mid-April. Fuel prices have a big impact on inflation in east Africa's biggest economy, which depends heavily on diesel for transport, power generation and agriculture, while kerosene is used in many households for cooking and lighting. The Energy Regulatory Commission raised maximum prices charged in the ...
Oil prices mixed in Asia on China, Ukraine woes SINGAPORE: Oil prices were mixed in Asian trade Friday as investors digest the implications of weaker economic data from China and keep an eye on a controversial referendum in Crimea on joining Russia.New York's main contract, West Texas Intermediate for April delivery, eased two cents to $98.18 in mid-morning trade, while Brent North Sea crude rose 11 cents to $107.50 for its April contract."The China data and the talks about the Ukraine referendum would be ...
Russia's oil exports from Primorsk seen down 8pc in 2014 MOSCOW: Russian Baltic Sea port of Primorsk plans to cut crude oil exports by 8 percent to 50 million tonnes (1 million barrels per day) this year, Igor Katsal, an official at the state-owned oil pipeline monopoly Transneft, said on Thursday. Last year, Transneft's oil exports from the Baltic Sea and the Black Sea ports, mostly Europe-bound, declined 8 percent on the back of increased supplies to Asia. Transneft would also cut crude oil shipments ...
Brent firms above $108 on supply risks, demand outlook SINGAPORE: Brent futures inched higher on Thursday, holding above $108 a barrel, as investors focused on risks from the unfolding crisis in Ukraine and as OPEC raised its 2014 global oil demand growth forecast for a second straight month. The US oil benchmark plunged more than 2 percent overnight in its biggest drop in two months after Washington announced a surprise plan for a test release of strategic oil reserves, while weekly data showed a ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln