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Oil prices firm on Iraq tensions SINGAPORE: Oil prices edged higher in Asia Monday on continued violence in Iraq, but gains were capped as the risk premium associated with the crisis in the key crude producer is already factored in, analysts said. US benchmark West Texas Intermediate was up 31 cents to $107.14, while Brent crude gained 35 cents to $115.16 in mid-morning trade. "We see oil retaining support from the violence in Iraq, but markets have already priced in a significant risk premium in the last few weeks," David Lennox, resource analyst with Fat Prophets in Sydney, told AFP.In an interview with US television network CBS that aired Sunday, US President Barack Obama warned that the militants who have surged through Iraq in a lightning offensive could destabilise other countries in the volatile Middle East. The militants were continuing an advance in western Iraq Sunday, killing 21 people after security forces left several towns. The ...

Brent holds near $115, heads for 2nd weekly gain on Iraq turmoil SINGAPORE: Brent crude held near $115 a barrel on Friday, close to a nine-month high, and was headed for its second weekly gain on increased risks of disruption to supply from Iraq.Iraqi government forces battled Sunni militants for control of the country's biggest refinery on Thursday. If the 300,000 barrels per day refinery stays closed, Baghdad will need to import more oil products to meet its own domestic consumption, further tightening oil markets. Fields south ...
Oil mixed in Asia amid Iraq supply fears SINGAPORE: Oil prices were mixed in Asia Friday but retained support near a nine-month peak as dealers track the unfolding sectarian conflict in Iraq fearing it could cause a major supply disruption. Brent crude for August fell four cents to $115.02 in afternoon trade, after rallying to $115.06 in London, its highest since early September. US benchmark West Texas Intermediate for July delivery rose 15 cents to $106.58. "Oil saw support from the risk of ...
Oil mixed in Asia amid Iraq supply fears SINGAPORE: Oil prices were mixed in Asia Friday but retained support near a nine-month peak as dealers track the unfolding sectarian conflict in Iraq fearing it could cause a major supply disruption. Brent crude for August eased 15 cents to $114.91 in mid-morning trade, after rallying to $115.06 in London, its highest since early September. US benchmark West Texas Intermediate for July delivery rose 26 cents to $106.69. "Oil saw support from the risk of ...
Brent above $114 near 9-month high on Iraq turmoil SINGAPORE: Brent crude held above $114 a barrel on Thursday near a nine-month high, supported by concerns about potential supply disruptions due to fighting in Iraq. Brent was poised for a third day of gains following a rise of more than 4 percent last week after militants seized much of northern Iraq after routing Baghdad's forces. "The oil market remains on high alert, but is in a holding pattern at this stage awaiting further developments ...
China oil giants prepare Iraq evacuation plans: report BEIJING: Major Chinese oil firms have prepared evacuation plans in case spreading violence in Iraq -- a key energy provider to the Asian giant -- threatens their operations, state media reported Thursday.China has more than 10,000 workers on a wide range of projects in the Middle Eastern country, officials say, although most are in the south, far from the current fighting.Militants from the jihadist group the Islamic State of Iraq and the Levant (ISIL) have ...
Oil prices up with Iraq violence in focus SINGAPORE: Oil prices rose in Asian trade Thursday with escalating violence in Iraq sharply in focus as militants attacked the major crude producer's biggest refinery and seized more territory.US benchmark West Texas Intermediate (WTI) for July rose 35 cents to $106.32 while Brent crude for August gained nine cents to $114.35 in late-morning trade.WTI has jumped by more than $2.0 a barrel and Brent by over $4.0 since the escalation of the jihadist offensive last ...

 



 
Index Closing Chg%
Arrow DJIA 18,037.97 0.23
Arrow Nasdaq 5,060.25 0.63
Arrow S&P 2,108.92 0.41
Arrow FTSE 7,103.98 0.47
Arrow DAX 12,039.16 1.93
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln