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Oil prices rebound on returning Ukraine tensions LONDON: World oil prices rebounded Friday on supply risks owing to the possibility of a full-blown armed conflict in Ukraine, as pro-Moscow rebels press on with disputed independence referendums.The US benchmark, West Texas Intermediate for delivery in June, added 82 cents to $101.08 a barrel. Brent North Sea crude for June won 73 cents to trade at $108.77 a barrel approaching midday in London."Oil prices are on the up on concerns about the prospects for supply disruption if the crisis in Ukraine escalates further," said analyst Ishaq Siddiqi at trading firm ETX Capital.Despite a call from Russian President Vladimir Putin to postpone the vote to ease tensions, pro-Kremlin rebels in Ukraine have vowed that independence referendums would go ahead as planned this Sunday on May 11.There are fears the country could erupt in fresh violence on Friday when both it and Russia celebrate the Soviet victory in World War II."We ...

Gazprom says gas flows to Europe via Ukraine remain stable MOSCOW: Russian gas exports to Europe through Ukraine remained stable on Thursday, a spokesman for state-controlled gas producer Gazprom said. On Wednesday, Gazprom said Ukraine's payments for gas supply in April fell due and that Kiev's total debt for Russian gas stands at $3.51 billion. Russia has threatened to cut gas supplies to Ukraine in June if it receives no prepayment by the end of May. Gazprom supplies about 30 percent of the gas consumed ...
Oil firm DNO exports most of its Tawke output, Q1 lags forecast OSLO: Oil firm DNO International said the vast majority of its output from its prize Tawke field in northern Iraq was exported to Turkey as it reported first-quarter earnings below expectations on Thursday. The firm posted a net profit of $24 million in the first quarter, against expectations for $47 million in a Reuters poll of analysts, down from $30 million at the same time a year ago. Copyright Reuters, 2014 ...
Oil prices advance before US energy report, Yellen LONDON: World oil prices rose Wednesday before the US Department of Energy's crude stockpiles report and testimony in Congress by Federal Reserve chief Janet Yellen.The US benchmark, West Texas Intermediate for delivery in June, climbed 76 cents to $100.26 a barrel. Brent North Sea crude for June added 24 cents to trade at $107.30 a barrel in midday deals in London."Today, market participants will pay some attention to the US weekly fuel inventory numbers for ...
Brent above $107 on Ukraine, US oil gap narrows on stock draw LONDON: Brent crude edged further above $107 a barrel on Wednesday, underpinned by rising tensions in Ukraine, though its premium over US prices narrowed after an industry report showed a sharp draw in inventories in the world's largest oil consumer. Brent rose 33 cents to $107.39 a barrel by 0816 GMT, after ending the previous session 66 cents lower. US crude added $1.01 at $100.51 a barrel, on course for its biggest one-day gain since ...
Repsol sells remaining stake in Argentina's YPF MADRID: Spanish energy giant Repsol said Wednesday it has sold most of its remaining 12-percent stake in former Argentine subsidiary YPF for $1.26 billion (900 million euros), two years after control of the unit was seized by Buenos Aires.The sale marks one of the closing chapters of an international wrangle sparked in April 2012 when Argentina's President Cristina Kirchner ordered the nationalisation of Repsol's YPF.Repsol said in a statement Wednesday that it had sold the ...
Gazprom says gas flows to Europe via Ukraine remain stable MOSCOW: Russian gas exports to Europe through Ukraine remained stable on Wednesday, a spokesman for state-controlled gas producer Gazprom said. Russia threatened on Friday to cut natural gas supplies to Ukraine in June if it receives no prepayment in an escalating row between Moscow, Ukraine and the European Union over energy supplies. Gazprom supplies about 30 percent of the gas consumed in Europe, shipping about half of that via Ukraine.Copyright Reuters, 2014 ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln