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UK prompt gas prices rise as demand outstrips supply LONDON: Prompt natural gas prices in Britain rose on Wednesday morning as solid demand from utilities outstripped supply.Prices for within-day delivery were trading at 55.00 pence per therm at 0916 GMT, up 1.55 pence since their last settlement. Prices for delivery on Thursday were up 0.40 pence at 55.00 pence per therm.With supply flows at about 246 million cubic metres (mcm) on Wednesday and demand expected to be about 255 mcm, the system was 9 mcm undersupplied, National Grid data showed.Demand from British gas-fired power stations is high because of outages at several nuclear plants and forecasts of low output from the country's wind power generators.Seven reactors with a generating capacity of around 4.1 gigawatts (GW) are offline due to unplanned outages and statutory maintenance.Wind power output in Britain was expected to fall to 1.5 GW on Thursday, down from around 2 GW on Wednesday, National Grid data showed. Britain ...

Oil steadies below $79 as market awaits OPEC LONDON: Brent crude oil steadied below $79 a barrel on Wednesday as data showed Saudi Arabia increased crude exports in September despite signs of an oversupplied market and producers appeared divided ahead of an OPEC meeting to discuss output.All eyes are on OPEC's response to a drop in oil prices of nearly one-third in recent months, with some smaller members calling for production cuts at the Nov. 27 meeting in Vienna.OPEC heavyweight Saudi Arabia has ...
Oil steadies above $79 as OPEC output cut talk heats up LONDON: Brent crude oil steadied on Tuesday, holding above $79 a barrel after hitting a four-year low last week, as speculation intensified that OPEC could cut output at its meeting on Nov. 27 in Vienna.Talk about OPEC's response to a 30-percent drop in global oil prices since late-June intensified this week after calls from Venezuela to increase cooperation within the cartel as well as with non-members, including top producer Russia.A special global meeting is being ...
Oil falls below $79 as traders test OPEC's willingness to cut LONDON: Brent crude oil fell below $79 a barrel on Tuesday, dropping for the sixth session in seven as traders tested OPEC's willingness to agree a coordinated output cut at next week's meeting to prop up tumbling prices.Talk about OPEC's response to a 30-percent drop in global oil prices since June intensified this week after Venezuela called for increased cooperation within the cartel, as well as with non-members including top producer Russia.A special global meeting ...
Brent rebounds towards $80 as OPEC rhetoric heats up LONDON: Brent crude oil reversed early losses to rise back towards $80 a barrel on Tuesday, recovering from last week's four-year low as speculation increased that OPEC could cut output at its meeting on Nov. 27.Talk about OPEC's response to a 30 percent drop in global oil prices since late-June intensified this week after calls from Venezuela to increase cooperation within the cartel as well as with non-members, including top producer Russia.A special global meeting ...
Brent falls near $79 as rhetoric heats up before OPEC meeting LONDON: Brent crude slipped towards $79 a barrel on Tuesday, falling for the sixth session out of seven, as oil prices struggled to find a floor ahead of next week's critical OPEC meeting. Speculation about OPEC's response to a 30 percent drop in global oil prices since late-June intensified after calls from Venezuela to increase cooperation within the cartel as well as with non-members, including top producer Russia.A special global meeting is being planned "very ...
Brent rises towards $80 as rhetoric heats up before OPEC meeting LONDON: Brent crude reversed early losses to rise back towards $80 a barrel on Tuesday, recovering from a four-year low hit last week as oil prices tried to find a floor ahead of next week's critical OPEC meeting. Speculation about OPEC's response to a 30 percent drop in global oil prices since late-June intensified after calls from Venezuela to increase cooperation within the cartel as well as with non-members, including top producer Russia. A special ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln