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Oil prices rise LONDON: Oil prices extended gains Wednesday on a weaker dollar and expectations that US crude inventories have further declined, easing concerns about a global supply glut.US benchmark West Texas Intermediate (WTI) for delivery in June added 53 cents to $61.28 a barrel.Brent North Sea crude for June rose 36 cents to stand at $67.22 a barrel around midday in London. Prices had surged on Tuesday owing to a weaker dollar that makes commodities such as oil that are denominated in the US unit cheaper for holders of stronger currencies. Daniel Ang, investment analyst at Phillip Futures, said prices were supported also by expectations of a "further drop in US stockpiles this week".The US Department of Energy (DoE) will release its crude stockpiles report for the week to May 8 later Wednesday. Last week the DoE unexpectedly reported the first decline in commercial crude-oil stockpiles in 16 weeks, but still stockpiles, ...

Oil prices shoot higher LONDON: Global oil prices rebounded sharply Tuesday on the falling greenback, which makes dollar-priced crude cheaper for buyers using stronger currencies.US benchmark West Texas Intermediate (WTI) for June delivery jumped $1.72 to $60.97 per barrel.Brent North Sea crude for June rallied $2.02 to stand at $66.93 in London late afternoon trade."Crude oil prices rebounded strongly... supported by a softer US dollar, while investors remained cautious ahead of the release of the weekly oil inventories reports," ...
Oil rises towards $66 as weaker dollar offsets oversupply concern LONDON: Brent crude futures rose towards $66 a barrel on Tuesday as a weaker dollar and the Yemen conflict helped lift prices. Record high oil output from Saudi Arabia in April failed to dent the move, although Goldman Sachs warned of further oil price declines. June Brent crude was up $1.08 at $65.96 a barrel by 1230 GMT.June West Texas Intermediate (WTI) rose 82 cents to $60.07 a barrel. The dollar was down 0.6 percent ...
Oil prices retreat on strong dollar LONDON: Global oil prices dipped Monday as investors took their cue from the rebounding dollar, awaited fresh US economic data and digested another Chinese interest rate cut.US benchmark West Texas Intermediate (WTI) for June delivery slid 19 cents to $59.20 a barrel.Brent North Sea crude for June reversed 29 cents to $65.10 per barrel nearing midday in London.The market traded mixed Friday as traders weighed the global oversupply and modest demand."Crude oil prices continued to ...
Prices hold steady, eastern demand muted LONDON: Asian spot liquefied natural gas (LNG) prices for June delivery were steady this week as demand from end users remained subdued, traders said. The price of Asian spot cargoes was unchanged from the previous week at $7.40 per million British thermal units (mmBtu). "There's not an awful lot of end user demand, weather driven demand is not there, Korea, Japan and China end users are not particularly motivated at the moment," said a trader. ...
Oil slips before US data LONDON: Oil drifted lower Friday on worries over rebounding US output and before key payrolls data, at the end of a rollercoaster week which saw the market hit five-month peaks.US benchmark West Texas Intermediate (WTI) for June delivery nudged one cent lower to $58.93 a barrel.Brent North Sea crude for June reversed 13 cents to $65.41 a barrel in London late morning deals."Oil prices are failing to profit from the robust Chinese import data," said ...
Enel gets bids for Slovak utility, tables gas sale MILAN: Italy's Enel has received binding bids for its stake in Slovakia's biggest power company as it presses ahead with plans to sell 5 billion euros ($5.6 billion) of assets to cut debt and fund growth. Enel, Europe's second biggest utility for installed capacity, has put the sale of its 66 percent stake in Slovenske Elektrarne at the heart of its disposal plan, aimed at reducing a 39.5 billion euro debt pile.But the deal has ...

 



 
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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%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln