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Oil soars as military action on Syria looms SINGAPORE: Oil prices soared in Asia on Wednesday as Western powers prepared for possible military action against Syria over the regime's alleged use of chemical weapons.Analysts say a military strike targeting President Bashar al-Assad's regime could further ratchet up tensions in the oil-producing Middle East, already wracked by the festering political crisis in Egypt.New York's main contract, West Texas Intermediate (WTI) for delivery in October, was up $2.95 to $111.96 a barrel in afternoon Asian trade. The contract hit an intra-day high of $112.23 a barrel.Brent North Sea crude for October surged $2.81 to $117.17 after striking an intra-day high of $117.22."The potential for military action (against Syria) in a matter of days or weeks has helped to lift oil prices," said Michael McCarthy, chief market strategist at CMC Markets in Sydney.French President Francois Hollande said Tuesday that "France is ready to punish those who took the vile decision to ...

Oil higher as military action on Syria looms SINGAPORE: Oil rose to fresh multi-month highs in Asian trade on Wednesday as Western powers prepared for possible military action against Syria over the regime's alleged use of chemical weapons.Analysts say a military strike targeting President Bashar al-Assad's regime could further ratchet up tensions in the oil-producing Middle East, already wracked by the festering political crisis in Egypt.New York's main contract, West Texas Intermediate (WTI) for delivery in October, was up $1.26 to $110.27 a ...
Iran says in Oman talks to export $60bn worth of gas TEHRAN: The Gulf sultanate of Oman is in talks to buy Iranian gas in a 25-year deal worth around $60 billion, Iranian Oil Minister Bijan Namdar Zanganeh said Tuesday.Zanganeh said Iran and Oman had "signed a memorandum of understanding for the construction of a gas pipeline" under the Sea of Oman, on the east of the strategic Strait of Hormuz, the official IRNA news agency reported.The construction would "soon" commence once "research on different routes" ...
Oil up in Asian trade on Syria concerns SINGAPOREL: Oil rose in Asian trade Tuesday on concerns about possible military action against Syria after Washington warned President Bashar al-Assad's regime over an alleged chemical weapons attack.New York's main contract, West Texas Intermediate for delivery in October, was up 30 cents to $106.22 a barrel in afternoon trade. Brent North Sea crude for October added 32 cents to $111.05.Kelly Teoh, market strategist at IG Markets Singapore, said investors were anticipating possible moves against Syria ...
Brent tops $111 on rising tension over Syria attack SINGAPORE: Brent crude rose above $111 a barrel on Tuesday to trade near its highest in five months as rising tensions over a suspected chemical weapons attack in Syria raised the prospect of more military action in the Middle East.The United States and its allies have met in Jordan for what could be a council of war, should they decide to punish Syrian President Bashar al-Assad, who has denied using chemical weapons and blamed rebels ...
Oil prices up in Asian trade SINGAPORE: Oil prices climbed in Asian trade Monday as disappointing US housing data tempered expectations of stimulus tapering by the Federal Reserve.New York's main contract, West Texas Intermediate for delivery in October, rose 47 cents to $106.89 in afternoon trade, and Brent North Sea crude for October added 20 cents to $111.23.US housing data released on Friday put July new home sales at an annual pace of 394,000, down from June's revised 455,000.June's number was ...
Oil prices up in Asian trade SINGAPORE: Oil prices climbed in Asian trade Monday as disappointing US housing data tempered expectations of stimulus tapering by the Federal Reserve.New York's main contract, West Texas Intermediate for delivery in October, rose 36 cents to $106.78 in mid-morning trade, and Brent North Sea crude for October added nine cents to $111.13.US housing data released on Friday put July new home sales at an annual pace of 394,000, down from June's revised 455,000.June's number was ...

 



 
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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