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Oil prices slip further on US budget stand-off SINGAPORE: Oil prices retreated in Asian trade Friday as traders grow increasingly concerned at the lack of a breakthrough in the US budget stand-off that has closed parts of the government down. New York's main contract, West Texas Intermediate for delivery in November, eased 15 cents to $103.16 in mid-morning trade while Brent North Sea crude for November dipped 28 cents to $108.72."Oil prices continue to drift downwards as there hasn't been any concrete steps taken to resolve the US government shutdown," Kelly Teoh, market strategist at IG Markets in Singapore, told AFP. "Global economic fundamentals have already been weak, and this stand-off is putting more pressure on prices," she said. President Barack Obama demanded Thursday and end to the three-day crisis he decried as a reckless "farce", piling pressure on Republicans to give up on their demands he delays implementation of his healthcare law.However, the main concern about global ...

Oil prices slip on fears of protracted US shutdown SINGAPORE: Oil prices slipped in Asian trade Thursday as investors fretted about the impact on oil demand of any protracted US government shutdown.New York's main contract, West Texas Intermediate (WTI) for delivery in November, fell 48 cents to $103.62 in afternoon trade. Brent North Sea crude for November eased 38 cents to $108.81.WTI had jumped $2.06 in New York trade Wednesday on news about the near-completion of a key US Gulf Coast pipeline, but the ...
Brent slips below $109 as US shutdown drags on, stockpiles jump SINGAPORE: Brent futures slipped below $109 a barrel on Thursday, after posting their biggest gain in two weeks in the previous session, on worries a prolonged US government shutdown would hurt demand in the world's biggest oil consumer.President Barack Obama met with Republican and Democratic leaders in Congress to try to break a budget deadlock that has shut wide swaths of the federal government, but after more than an hour of talks there was no ...
Lebanon launches onshore oil and gas survey BEIRUT: Lebanon launched an onshore oil and gas survey on Wednesday, hoping that promising results from surveys of its Mediterranean waters can be matched by similar prospects onland.Energy Minister Gebran said he hoped the results of the first onshore 2-D seismic survey near Batroun, about 40 km (25 miles) north of Beirut, would be available by the end of the year.Bassil said in May that the offshore seismic surveys indicated Lebanon has at least 30 ...
Brent drops further below $108 on worries US shutdown will dent demand SINGAPORE: Brent crude extended losses below $108 on Wednesday on concerns the US government shutdown would reduce demand for commodities, while expectations that US oil inventories rose last week also put pressure on prices.Wrangling in the United States between President Barack Obama and congressional Republicans has forced the first government shutdown in 17 years. The shutdown has left hundreds of thousands of federal employees on unpaid leave and is expected to crimp demand in the ...
Oil prices slip as US slides into government shutdown SINGAPORE: Oil prices eased in Asian trade Tuesday as the US government began shutting down for the first time in 17 years following a gridlock in Congress over a new budget. New York's main contract, West Texas Intermediate for delivery in November, fell 30 cents to $102.03 in afternoon trade, while Brent North Sea crude for November dipped 60 cents to $107.77.With the midnight deadline passing in Washington without any agreement the White House ordered ...
Brent slips below $108 as US govt begins shutdown SINGAPORE: Brent crude fell below $108 a barrel on Tuesday to trade near a 7-week low on worries a shutdown of the US government may crimp oil demand, while investors also eyed easing tensions in US-Iran nuclear talks.The US government began a partial shutdown on Tuesday for the first time in 17 years, potentially putting up to 1 million workers on unpaid leave, closing national parks and stalling medical research projects."The shutdown of the government ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln