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West Africa Crude-Angolan offers reduced, Nigerian lingers LONDON: Angolan crude oil for May loading was on offer at lower levels on Thursday after previous asking prices did not tempt many buyers, traders said on Thursday. Following what traders said was a slow start to trading, state oil company Sonangol trimmed offers by around 25 cents a barrel for most grades, one trader said. Angolan crude oil loadings look more ample in May according to the latest loading programmes which appeared this week, adding to a well-supplied market. One source of support for the market is relatively healthy refining margins. Copyright Reuters, 2015 ...

Oil prices surge on Middle East fears LONDON: Oil prices surged Thursday after Saudi Arabian jets struck rebel targets in Yemen, sparking fears that a spiralling crisis in the country could threaten crude producers in the Middle East.Brent North Sea crude for delivery in May rallied $2.46 to reach $58.94 a barrel in London midday deals.US benchmark West Texas Intermediate (WTI) for May jumped $2.17 to $51.37 a barrel.The contracts had begun rallying on Wednesday following news that Yemen's President Abedrabbo Mansour ...
Oil surges on Yemen air strikes, stocks tumble LONDON: Crude prices rose as much as 6 percent on Thursday after Saudi Arabia and its allies launched air strikes on Yemen, pushing shares lower in Europe, the Middle East and Asia and lifting oil producers' currencies.The military operations, including air strikes, targeted Iran-backed Houthi rebels besieging the southern Yemen city of Aden. Arab producers ship oil via the Gulf of Aden and Suez Canal to Europe.The escalating tensions in the Middle East pushed the ...
Oil prices surge after Saudi air strikes in Yemen LONDON: Brent crude oil soared more than 4 percent towards $59 a barrel on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, which sits on a key shipping passage between Europe and the Arab Gulf.The air strikes against Houthi rebels, who have driven the president from Yemen's capital Sanaa, could stoke concerns about the security of Middle East oil shipments.Brent futures were up $2.32 at $58.80 by 1120 ...
WEST Africa Crude-Angolan loadings rise further in May LONDON: Angolan crude oil loadings look more ample in May, adding to a well supplied market and potentially weighing on differentials, traders said on Wednesday. The loading programme for Saturno crude emerged on Wednesday after being delayed, bringing total exports in May to about 1.80 million barrels per day, up from April. "Refining margins look good on paper, but maintenance is taking a bit of demand away," said a trader. Some Angolan grades have sold ...
Oil prices rise despite jump in US stockpiles LONDON: World oil prices advanced Wednesday despite news of a stronger-than-expected increase in crude inventories in the United States, analysts said.US benchmark West Texas Intermediate for delivery in May rose 86 cents to $48.37 a barrel compared with Tuesday's close.Brent North Sea crude for May added 87 cents to $55.98 in London late afternoon deals.The US government's Department of Energy (DoE) announced that commercial crude reserves rallied 8.2 million barrels in the week to March ...
Brent oil rises as euro gains against dollar LONDON: Brent oil prices rose on Wednesday as the euro strengthened against the dollar following a boost in business morale in the euro zone's top two economies.The euro was up 0.6 percent against the dollar, the currency in which crude oil futures trade. The dollar lost 0.5 percent against a basket of currencies, making dollar-traded commodities more attractive for holders of other currencies.Brent crude oil was up 74 cents at $55.85 a barrel by 1236 ...

 



 
Index Closing Chg%
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Arrow S&P 2,056.15 0.24
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Arrow DAX 11,843.66 0.18
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln