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Oil falls to $55 on China slowdown, dollar reversal LONDON: Brent crude oil fell towards $55 a barrel in choppy trading on Tuesday after the dollar firmed, adding pressure to a market grappling with signs of slowing Chinese growth and Saudi Arabian oil production close to an all-time high.The dollar reversed early losses to rise 0.25 percent against the euro, pressuring dollar-priced commodities that tend to move inversely to the U.S. currency.Brent futures for May delivery were down 49 cents at $55.43 by 1414 GMT, off an earlier high of $56.79, while U.S. crude rose 3 cents to $47.48 a barrel.Its discount to Brent narrowed to around $8 a barrel for the first time in a week.Oil prices were also under pressure from data showing factory activity in China slipped in March, adding to concerns about growth in the world's second largest economy and top oil importer. U.S. factory activity increased slightly.The Chinese data followed comments from OPEC kingpin ...

Oil prices edge higher LONDON: Oil prices edged higher Tuesday as a weaker dollar offset disappointing manufacturing data out of top energy consumer China, traders said. US benchmark West Texas Intermediate for delivery in May nudged up 11 cents to $47.56 a barrel.Brent North Sea crude for May dipped five cents to stand at $55.97 in London afternoon deals.The European single currency edged up slightly against the dollar, making crude priced in the US unit cheaper for holders of ...
Oil rebounds towards $57 as weaker dollar overshadows China slowdown LONDON: Brent crude reversed early losses to trade back towards $57 a barrel on Tuesday, as a weaker dollar overshadowed signs of slowing growth in China and Saudi Arabian oil production close to an all-time high.The dollar slipped 0.25 percent against the euro, extending losses from the previous session and providing a boost to dollar-priced commodities, which tend to move inversely to the U.S. currency.Brent futures for May delivery were trading up 64 cents at ...
Oil rebounds above $56 as weaker dollar overshadows China slowdown LONDON: Brent crude reversed early losses to rise above $56 a barrel on Tuesday, as a weaker dollar overshadowed signs of slowing growth in China and Saudi Arabian oil production close to an all-time high.The dollar slipped 0.3 percent against the euro, extending losses from the previous session and providing a boost to dollar-priced commodities, which tend to move inversely to the U.S. currency.Brent futures for May delivery were trading up 12 cents at $56.04 ...
Oil rises to near $56 as weaker dollar offsets Saudi output LONDON: Oil prices rose close to $56 a barrel on Monday as a weaker dollar offset concerns over global oversupply after Saudi Arabia said it was pumping around 10 million barrels per day, near a record high.Schlumberger Ltd, the world's top oilfield services provider, said oil prices could increase in the second half of the year as it expected the oil and gas industry's spending internationally on exploration and production to drop by 10-15 percent ...
Oil prices retreat as Saudi pumps extra oil LONDON: Oil prices fell on Monday as Saudi Arabia said it was pumping more oil, exacerbating a global supply glut, analysts said.US benchmark West Texas Intermediate for delivery in May fell 37 cents to $46.20 a barrel compared with Friday's close.Brent North Sea crude for May dipped five cents to stand at $55.28 a barrel in London midday deals."Selling pressure was generated in particular by statements made at the weekend by the Saudi Arabian oil ...
Med Crude-Urals steady, early April loadings seen short MOSCOW: Russian Urals crude was steady on Friday after slipping to its weakest since December earlier in the week, getting support from a relatively short loading programme for the first part of April. A preliminary export plan for Urals for the first days of April showed rather scarce volumes from the Baltic port of Primorsk and the Black Sea port of Novorossiisk As a result, Vitol was seeking to sell cargoes at higher premiums offering ...

 



 
Index Closing Chg%
Arrow DJIA 17,976.31 1.49
Arrow Nasdaq 4,947.44 1.15
Arrow S&P 2,081.24 1.22
Arrow FTSE 6,891.43 0.53
Arrow DAX 12,086.01 1.83
Arrow CAC-40 5,083.52 0.98
Arrow Nikkei 19,411.40 0.65
Arrow H.Seng 24,855.12 1.51
Arrow Sensex 27,975.68 1.88





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ICT 2014


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