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Brent oil steadies around $86 as weak dollar offsets data LONDON: Brent crude oil steadied around $86 a barrel on Tuesday, as a rally in European equities and a fall in the dollar offset weak U.S. data.U.S. durable goods orders in September fell by 1.3 percent, the country's Commerce Department said, a day after a survey showed the U.S. services sector expanding at the slowest rate since April.The data pointed to slowing oil demand, but also helped to drive down the U.S. dollar, supporting oil prices. A weaker dollar helps global consumers buy dollar-denominated commodities such as oil.Oil gained further support from strength in European stock markets. A number of blue-chip companies posted better-than-expected results, alluding to recovering growth in the continent's energy demand."Those who think that the market is oversupplied don't seem to have the confidence at the moment to push prices below $85," said Christopher Bellew, a broker at Jefferies in London.Brent crude for December was up 10 ...

UK gas prompt power price soars on tight winter supply forecast LONDON: British wholesale natural gas and power prices rose on Tuesday morning, with prompt power soaring due to National Grid expectations of tight electricity supply this winter.The baseload power price for delivery on Wednesday was 9.20 pounds or 22 percent higher at 52 pounds per megawatt-hour by 1002 GMT.Britain is likely to face tight electricity supplies due to the closure of several power plants, the country's grid operator said on Tuesday, but measures have been ...
Oil drops below $85 after Goldman cuts forecasts LONDON: Brent crude oil fell below $85 a barrel on Monday after Goldman Sachs slashed its price forecasts, citing abundant supply and lacklustre demand despite a pick-up in global economic growth.The U.S. investment bank said in a research note on Sunday that it had cut its forecast for Brent to $85 a barrel from $100 for the first quarter of 2015 and reduced its projection for U.S. crude to $75 from $90.The bank said Brent ...
Oil prices fall on high supplies LONDON: Oil prices fell on Monday as markets foresee the world's biggest producers maintaining supplies despite a supply glut, analysts said.Brent North Sea crude for delivery in December lost 77 cents to stand at $85.36 a barrel in London midday deals.US benchmark West Texas Intermediate for December dropped 52 cents to $80.50 a barrel.World oil prices have fallen by a quarter in value since June as excess supply and weaker demand led to a glut ...
UK gas prompt gas prices flat as supply meets demand LONDON: Prompt natural gas prices in Britain were little changed on Monday morning as supply was expected to meet demand in a balanced market.Gas for day-ahead delivery traded at 50.45 pence per therm at 0921 GMT, flat with Friday's close. Gas for within-day delivery traded at 50.38 pence per therm, up 0.38 pence.With supply flows at about 209.3 million cubic metres (mcm) per day and demand expected to be about 210.4 mcm, the system was ...
Oil drops towards $85 after Goldman cuts forecasts LONDON: Brent crude oil fell towards $85 a barrel on Monday after Goldman Sachs slashed its price forecasts, citing abundant supply and lacklustre demand despite a pick-up in global economic growth.The U.S. investment bank said in a research note on Sunday that it had cut its forecast for Brent to $85 a barrel from $100 for the first quarter of 2015 and reduced its projection for U.S. crude to $75 from $90.The bank said Brent ...
Oil slips below $86 on strong supply, NY Ebola case LONDON: Brent crude fell below $86 a barrel on Friday on news of strong supply from Middle Eastern OPEC producers and as a confirmed case of Ebola in New York spooked global equities markets. Iraq increased its oil supply in October, and Libya's production remained high, despite deep instability in both countries. Brent crude for December fell by more than $1 to a low of $85.62, and was trading around $85.90 by 1330 GMT. US ...

 



 
Index Closing Chg%
Arrow DJIA 17,195.42 1.30
Arrow Nasdaq 4,566.14 0.37
Arrow S&P 1,994.65 0.62
Arrow FTSE 6,463.55 0.15
Arrow DAX 9,114.84 0.35
Arrow CAC-40 4,141.24 0.74
Arrow Nikkei 15,658.00 1.67
Arrow H.Seng 23,702.04 1.49
Arrow Sensex 27,346.33 0.92





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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