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Norway's gas output to be cut by 36 mcm/day on Sunday OSLO: Norway's gas production capacity will be cut by 35.6 million cubic meters (mcm) on Sunday due to several outages, including at the country's biggest offshore field Troll, operators said. Output from the Troll field is to be cut by 22.9 mcm, and from nearby Kvitebjoern field by 6.9 mcm/day, gas system operator Gassco said on its website. The two outages started on Saturday and come in addition to an ongoing reduction of 4.9 mcm/day at the Sleipner field. Real time pipeline gas flows from Western Europe's top supplier were running at a rate of 298 mcm/day by 1030 GMT, down from 337 mcm delivered on Friday, according to data from Gassco. Copyright Reuters, 2015 ...

Brent rises above $61, set for first monthly gain since July LONDON: Crude oil futures rebounded on Friday and Brent headed for its first monthly gain since July, helped by strong investor inflows, an improving demand outlook and supply outages. At 1453 GMT, Brent crude futures were up $1.26 at $61.32 a barrel, off an earlier high of $61.75. US crude was up 94 cents at $49.12 a barrel. Both contracts tumbled on Thursday, with US crude falling hardest. Brent is trading at a premium of ...
OPEC oil supply falls by 350,000 bpd in February LONDON: The following table shows OPEC crude oil output in millions of barrels per day (bpd) in February and January, according to a Reuters survey published on Friday.The survey shows output from the Organization of the Petroleum Exporting Countries has fallen by 350,000 bpd in February, below its target of 30 million bpd.OPEC at a meeting on Nov. 27 agreed to retain that target for the first half of 2015 despite oversupply, a change of ...
German 2014 oil products sales down 0.9pc FRANKFURT: German oil products sales in 2014 were down 0.9 percent at 110.5 million tonnes, economic and foreign trade statistics office BAFA said on Friday.BAFA in a statement provided the following totals for the six main products.It also said that exports of oil products decreased by 0.6 percent to 20.1 tonnes, and that imports fell by 3.2 percent to 36.4 million tonnes.BAFA has reported separately that Germany's crude oil imports were down 1.4 percent to ...
Russian gas supplies to Ukraine seen at 68.9 mcm on Friday MOSCOW: Russian natural gas producer Gazprom said total Russian gas supplies to Ukraine were expected to reach 68.9 million cubic metres on Friday.Gazprom also said it would deliver all the gas requested by Ukrainian energy state firm Naftogaz on Friday.Copyright Reuters, 2015 ...
Prices slip as nearby Ukraine risk premium fades LONDON: Prompt natural gas prices in Britain slipped on Friday, as supply and demand were close to balanced, and the political risk premium dampened after Ukraine sent a gas payment to Russia.Gas prices for within-day delivery were down 1.4 percent at 52.25 pence per therm at 0944 GMT."It had a good run up over the past two days," a broker said, noting this was in the lead up the Ukraine payment.Ukraine has sent $15 million ...
Russia to mull allowing China over 50 pct stake in strategic oil, gas fields MOSCOW: The Russian government is ready to consider allowing Chinese investors to take more than 50 percent stakes in strategic oil and gas fields, TASS news agency quoted Deputy Prime Minister Arkady Dvorkovich as saying on Friday.According to TASS, Dvorkovich said offshore fields would not be included.Copyright Reuters, 2015 ...


Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
Arrow Nikkei 18,797.94 0.06
Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln