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Oil prices extend slide on high supplies LONDON: Oil prices slid on Monday, extending last week's sharp decline as the dollar strengthens on eurozone strains, and as record supplies in the United States add further downward pressure.US benchmark West Texas Intermediate (WTI) for delivery in April shed $1.71 to $49.11 a barrel compared with Friday's close.Brent North Sea crude for April lost $1.24 to stand at $59 a barrel in late London deals.WTI slumped 4.66 percent and Brent tumbled 2.1 percent during the week to last Friday."Crude oil prices extended declines (Monday)... as investors remained cautious following the ongoing uncertainty in the eurozone, while the strong US dollar currently weighed on market sentiment," said Myrto Sokou, senior research analyst at Sucden brokers."Crude oil inventories continue to remain fairly high, following sharp builds of crude oil stocks in the last few weeks. The continuous large increases of crude inventories verify a possible slowdown of US oil demand," she ...

Oil prices extend slide LONDON: Oil prices slid Monday, extending last week's sharp decline as the dollar strengthens on eurozone strains and record supplies in the United States add further downward pressure.US benchmark West Texas Intermediate (WTI) for delivery in April shed $1.17 to $49.64 a barrel compared with Friday's close.Brent North Sea crude for April lost $1.24 to stand at $58.98 in London afternoon deals.WTI slumped 4.66 percent and Brent tumbled 2.1 percent during the week to last ...
Oil prices fall as dollar strengthens and oversupply adds pressure LONDON: Oil prices fell on Monday as worries about oversupply in North America and a strong dollar pushed Brent futures towards $59 a barrel and US contracts below $49 a barrel. After an initial rise along with global markets on optimism that another euro zone crisis over Greek debt had been averted for now, prices began dipping as analysts said crude markets remained oversupplied, especially in the United States. "The term structure of oil continues ...
Gas withdrawals from Centrica's UK storage site in unplanned cut LONDON: Britain's biggest underground gas storage facility, Rough, was undergoing an unplanned cut to withdrawals on Monday, operator Centrica said. The flow cut began at 0600 GMT and is expected to reduce withdrawal capacity by 9 million cubic meters (mcm) per day, a Centrica spokeswoman said. The withdrawal cut is expected to end at 0559 GMT on Tuesday the spokeswoman said. Copyright Reuters, 2015 ...
Statoil starts up Oseberg Delta 2 field, on time, under budget OSLO: Norwegian energy firm Statoil has started up production at its Oseberg Delta 2 development in the North Sea, expecting to produce around 77 million barrels of oil equivalents from the field, it said on Monday.Completed at a cost of just under 7 billion crowns ($926 million), below initial plans for just under 8 billion crowns, the prospect will produce through wells tied into the Oseberg field center, Statoil said."There are also some good opportunities ...
European stocks mixed before Greece talks LONDON: European stock markets diverged on Friday as eurozone members prepared for crunch talks with Greece on renegotiating the country's bailout terms.In mid-afternoon trading, Frankfurt's DAX 30 index was down 0.09 percent to 10,9991.89 points, and the CAC 40 in Paris lost 0.74 percent to 4,797.51. In London, the benchmark FTSE 100 rose 0.19 percent to 6,902.26 points as investors reacted to mixed economic data in non-eurozone member Britain.The euro fell to $1.1313 in London ...
Global LNG: Asia languishes behind stronger Europe LONDON: Asian spot liquefied natural gas prices remained at a discount to European prices, with limited fresh business being done in the world's top consuming region, traders said on Friday.The price of spot LNG for April delivery held steady at $6.70 per million British thermal units (mmBtu) on Friday in line with the previous week, while Europe's benchmark UK gas hub prices maintained a premium. "There remains a small premium into Europe, we see increasing ...

 



 
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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%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln