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Oil resumes fall back to $91 on economy worries, supply glut LONDON: Brent oil fell to $91 a barrel on Thursday, heading back to over two year lows, as a supply glut and concerns about global growth have pushed it 20 percent down from its peak in June.Brent for November delivery was down 34 cents at $91.04 by 1005 GMT, having fallen to $90.98 minutes earlier. The front-month contract fell as low as $90.57 on Wednesday, the lowest since June 2012, before recovering to close at $91.38 - still down 73 cents.U.S. November crude lost 3 cents to $87.27 after ending the previous session down $1.54. In the previous session, it hit its lowest level since April 2013 at $86.83.Weak German economic data emphasised the cloudy economic outlook in the region.German exports plunged in August by their largest amount since the height of the financial crisis and leading institutes slashed forecasts for growth, fuelling debate on whether Berlin is doing enough ...

Oil edges further above $91, supported by weaker dollar LONDON: Brent oil futures steadied above $91 a barrel on Thursday, supported by a slide in the dollar but a glut in supply and concerns about global growth kept it not far above a 27 month low hit in the previous day. Brent for November delivery was up 26 cents at $91.64 by 0819 GMT. The front-month contract fell as low as $90.57 on Wednesday, the lowest since June 2012, before recovering to close at ...
UK GAS: Prices rise on lower flows, under supplied system LONDON: Wholesale natural gas prices in Britain firmed on Thursday amid lower flows from Norway and an under supplied system.Day-ahead prices opened higher and hit a four-day peak of 51.0 pence/therm before falling back to 49.95 pence by 0852 GMT, a daily gain of 0.9 percent."A heavy drop in Langeled flows is the main bullish driver for the day-ahead contract, and oil is traded slightly up, offering some additional support," analysts at Thomson Reuters Point ...
Oil hits new low below $91 on weak demand forecasts LONDON: Brent crude oil dipped below $91 a barrel on Wednesday to its lowest since June 2012 as lower economic growth forecasts raised new concerns about global oil demand at a time of abundant supply. The International Monetary Fund on Tuesday cut its global economic growth forecasts for the third time this year, warning of weaker growth in core euro zone countries, Japan and major emerging markets, such as Brazil. Global stock markets fell heavily ...
Prices dip on balanced system and rising temperatures LONDON: Wholesale natural gas prices in Britain dipped slightly on Wednesday morning in a balanced system with rising temperatures expected to reduce demand. Gas prices for delivery on Thursday were trading at 47.7 pence per therm at 0705 GMT, down 0.1 pence since the previous close. The slight fall was a result of a balanced system and full storage sites as well as forecasts for warmer weather on Thursday. National Grid data show that Britain's ...
Brent slips towards $93 as oversupply, dollar weigh LONDON: Brent crude oil futures slipped on Friday towards $93 a barrel, extending a three-day slide that has pushed prices to their lowest since 2012, as abundant supplies and a strong dollar continued to weigh on the market. Brent for November delivery was down 35 cents at $93.07 a barrel by 1033 GMT. On Thursday Brent touched $91.55 a barrel, its lowest since June 2012. US November crude slipped 8 cents to $90.93 a barrel. ...
Oil prices slide to new lows LONDON: Oil prices slumped to fresh lows on Thursday, pressured by a global supply glut and the strengthening dollar, analysts said. Brent crude dropped to $91.55 a barrel -- the lowest point since June 28, 2012.New York prices retreated to $88.18 -- touching a level last seen on April 23, 2013.Brent crude for delivery in November later recovered to $92.17, which was however still down 2.0 percent, or by $1.99, compared with Wednesday's close.US benchmark ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln