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Oil prices trade near 2015 highs on Yemen worries LONDON: Brent crude looked set to finish the week near 2015 highs on Friday as air strikes in Yemen stoked concerns over the security of Middle East oil shipments. A softer US dollar and strong economic indicators in Europe and Asia also lent support to oil prices, which have surged by nearly $10 a barrel this month amid rising tension in the Middle East and slowing US production growth.Brent crude for June delivery was up 60 cents at $65.45 a barrel by 0944 GMT, having touched its highest since Dec. 10 at $65.69 earlier in the day. The benchmark settled up $2.12 on Thursday.US crude for June delivery fell 10 cents to $57.64 a barrel, after settling up $1.58. The front-month contract hit a 2015 high of $58.41 on Thursday and is on course for its sixth straight weekly gain. The rise in futures over the last month shows a ...

Oil hits peak as Saudi resumes Yemen strikes LONDON: Global oil prices rebounded to a four-month peak Thursday as Saudi-led coalition warplanes launched new strikes in Yemen, stoking new supply concerns over the crude-rich Middle East.Brent North Sea crude for delivery in June delivery soared to $65.13 per barrel.The contract later stood at $64.86 in London late afternoon deals, up $2.13 from Wednesday's closing level.US benchmark West Texas Intermediate for June meanwhile jumped $1.78 to $57.95 a barrel"Crude oil prices rebounded to reach ...
Oil diverges on US energy report LONDON: Global oil prices diverged on Wednesday as traders digested the latest weekly crude inventories report from top consumer the United States.The market was also under pressure after a Saudi-led coalition declared an end to four weeks of air strikes in Yemen.In London late afternoon deals, Brent North Sea crude for delivery in June delivery rose 59 cents to $62.68 per barrel.On the downside, US benchmark West Texas Intermediate for June dipped 35 cents to ...
Oil prices lifted by US production decline LONDON: Oil prices rose on Wednesday after the US government's Energy Information Administration (EIA) reported a decline in US production. Brent crude for June delivery was up 66 cents at $62.74 a barrel by 1358 GMT, after touching an intraday low of $61.39. US crude for June delivery was up 20 cents to $56.81 a barrel, after reaching a low of $55.73 earlier in the session. The EIA said on Wednesday that US production declined ...
Oil extends losses as Saudis halt Yemen strikes LONDON: Global oil prices fell on Wednesday after a Saudi-led coalition declared an end to four weeks of air strikes in Yemen, and ahead of a key US supply report.Brent North Sea crude for delivery in June delivery dropped 44 cents to $61.64 a barrel in London midday deals.US benchmark West Texas Intermediate for June dipped 48 cents to $56.13 a barrel compared with Tuesday's close."Oil sagged after Saudi Arabia ended its military campaign in ...
Vitol CEO sees another short dip in oil prices in Q2 LAUSANNE: Oil prices will likely dip briefly in the second quarter of 2015 as refineries undergo maintenance works, but they should not go below this January's lows of $46 per barrel, the head of the world's largest oil trader Vitol, Ian Taylor, told Reuters on the sidelines of the FT Commodities Summit. Copyright Reuters, 2015 ...
Iraq oil exports slip so far in April, still near record LONDON: Iraq's oil exports have slipped so far in April to 2.92 million barrels per day (bpd), according to loading data and industry sources, although shipments from OPEC's second-largest producer remain close to a record high. If sustained, Iraq's exports this month will be just short of the record of 2.98 million bpd set in March. Another strong month from Iraq adds to signs of continued high output from major members of the Organization of ...

 



 
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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