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Oil rises above $110 as Iran talks stickier LONDON: Oil rose above $110 a barrel on Friday and was on track to end higher for the second week running, as expectations dwindled of an imminent breakthrough in talks over Iran's nuclear programme. Iran and six world powers struggled on Friday to budge sticking points in negotiations aimed at securing an interim accord to curb Tehran's nuclear programme in exchange for sanctions relief. "There's not a lot of optimism to find in the Iran negotiations after yesterday," said Bjarne Schieldrop, chief commodity analyst at SEB. Brent for January delivery was up 22 cents at $110.30 per barrel at 1104 GMT. US crude was trading 24 cents lower at $95.20 per barrel, after posting its biggest gain in nearly two months on Thursday. Sanctions on Iran have kept around 1 million barrels per day of oil from the global market and any deal could allow some of that oil to ...

Rosneft to invest $3bn in three East Siberian fields MOSCOW: Oil producer Rosneft plans to invest around 92 billion roubles ($2.8 billion) by 2015 to develop three fields in East Siberia, key to honouring its export deals with Asia, the company said on Thursday. In a strategic shift in its energy policy, Russia launched the East Siberia-Pacific Ocean (ESPO) oil pipeline in 2009 to supply fast-growing Asian markets and in particular China, the world's top oil importer. Rosneft, the world's biggest listed producer with ...
Europe Gasoline barge cracks rise, track crude  LONDON: Gasoline barge prices for northwest Europe gained on Wednesday, tracking an increase in the price of crude oil, but traders said a fall in US gasoline stocks had not been significant enough to raise hopes of new export opportunities. Four-week average demand for all refined oil fuels in the United States rose to its highest level in more than five years last week, weekly data from the US Energy Information Administration showed on Wednesday. ...
Europe Gasoline barge cracks rise on refinery blast  LONDON: Gasoline barge cracks for northwest Europe firmed on Tuesday after an explosion at Europe's second-largest refinery killed two people and caused an outage in the gasoline producing unit, traders said."We were a little stronger today already but it should add some support," one European trader said.The blast occurred in a steam system of a gasoline producing unit at Total's Antwerp refinery in Belgium, Total said.Industry intelligence firm Genscape said the 57,500 barrel per day ...
Oil prices stable before Iran nuclear talks LONDON: Global oil prices steadied on Monday before fresh international talks over Iran's nuclear programme which could result in a further easing of supply worries despite tensions over Libya, analysts said.New York's main contract, West Texas Intermediate for delivery in December, added 17 cents to $94.01 a barrel.Brent North Sea crude for January eased five cents to stand at $108.46 a barrel in London late afternoon deals."With prospects of an agreement with Iran over its ...
Oil prices fall ahead of Iran nuclear talks LONDON: Oil prices dropped on Monday ahead of fresh international talks over Iran's nuclear programme which could result in a further easing of supply worries despite tensions over Libya, analysts said.New York's main contract, West Texas Intermediate for delivery in December, fell 28 cents to $93.56 a barrel.Brent North Sea crude for January shed 68 cents to stand at $107.82 a barrel in London early afternoon deals."Brent has fallen back ... as talks resume between ...
Libya resumes gas exports to Italy TUNIS: Libya has resumed gas exports to Italy after protesters left the North African country's Mellitah port, and expects to begin loading condensate there on Monday, the National Oil Corp (NOC) said on Sunday. "We have started with small quantities to resume gas exports to Italy. Once pressure is higher volumes will increase," NOC spokesman Mohammed al-Harari said. Protesters making political demands ended their two-week seizure of the port, which is ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln