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ddiOil prices hold steady LONDON: World oil prices stabilised on Tuesday as investors continued to digest weak global data and awaited the start of the US Federal Reserve's latest monetary policy meeting.In late morning deals, Brent North Sea crude for delivery in November firmed nine cents to $97.97 a barrel from Monday's closing level.The October contract sank to a two-year intra-day low of $96.21 before its expiry Monday, dented by weak data from top energy consumers the United States and China.US benchmark West Texas Intermediate for October lost two cents to $92.90 a barrel."Brent futures declined to their lowest levels in more than two years yesterday as concerns regarding slowing Chinese growth saw trading volumes decline substantially as investors grew wary of falling demand in the world's second-biggest oil consumer," said Sucden analyst Kash Kamal.Brent was also pushed lower on Tuesday by technical reasons as speculative traders sold off their positions ahead of Monday's ...

Oil dips towards $97, hit by weak demand, strong supply LONDON: Brent crude oil fell towards $97 a barrel on Tuesday, pressured by weak economic data from the world's two biggest energy consumers which pointed to weak demand growth at a time of strong supply.November Brent was down 37 cents to $97.51 a barrel by 0810 GMT. The October contract which expired on Monday dipped to a 26-month low at $96.21 in its final session.Brent is down 13.1 percent in the third quarter, its biggest ...
UK gas prompt prices rise on tight system, St Fergus maintenance LONDON: Natural gas prices in Britain rose on Tuesday morning as maintenance at Shell's St Fergus terminal contributed to an undersupplied system.Prices for within-day delivery were trading at 50.40 pence per therm at 0909 GMT, up 1.40 pence since their last settlement. Prices for delivery on Wednesday were up 1.15 pence at 50.00 pence per therm.With supply flows at about 168.9 million cubic metres (mcm) per day on Tuesday and demand expected to be about ...
Oil softens under $98, on weak demand, strong supply LONDON: Brent crude fell slightly, staying under $98 a barrel on Tuesday, as poor economic data from the world's biggest energy consumers which pointed to weak demand growth at a time of strong supply.November Brent was down 8 cents to $97.80 a barrel by 1049 GMT. The October contract which expired on Monday dipped to a 26-month low at $96.21 in its final session.Brent is down around 13 percent in the third quarter, its biggest ...
OPEC's Badri says he expects OPEC to lower output target VIENNA: OPEC Secretary General Abdallah El-Badri told reporters on Tuesday he expected the group to lower its oil output target when it meets next in late November.Badri was asked if OPEC's 30 million barrels per day output target would still be appropriate next year."No, I don't think so," he said. "I think our production will be maybe 29.5 in 2015, not 30 million barrels per day."Badri said OPEC output often fluctuated slightly around its output ...
Russia considers Rosneft request for help from state fund MOSCOW: Sanctions-hit oil company Rosneft will be able to apply for money from a state wealth fund, Deputy Prime Minister Arkady Dvorkovich said on Tuesday, adding that the government had "on the whole" approved the company's investment programme. Rosneft's access to Western money has been restricted by the sanctions imposed in response to Moscow's role in the Ukrainian conflict. Rosneft has asked the government for $42 billion support from a fund earmarked for Russian pensions ...
Russian crude oil exports seen down 6pc in Q4 MOSCOW: Exports of seaborne Russian Urals and ESPO crude oil blends were seen declining by 6.2 percent to 50.17 million tonnes in the last three months of the year from the previous quarter, traders said on Monday, citing a quarterly loading schedule.Russia has been cutting crude oil exports as it has increased production of oil products from its refineries.Traders also said that the Black Sea port of Novorossiisk is expected to load 7.4 million tonnes ...

 



 
Index Closing Chg%
Arrow DJIA 17,279.74 0.08
Arrow Nasdaq 4,579.79 0.30
Arrow S&P 2,010.40 0.05
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Arrow DAX 9,799.26 0.01
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Arrow Nikkei 16,321.17 1.58
Arrow H.Seng 24,306.16 0.57
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln