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Oil hits 2015 high above $67 as Libya output slows LONDON: Brent crude oil hit a high for the year above $67 a barrel on Tuesday after protests stopped crude flows to the eastern Libyan oil port of Zueitina, hampering exports. Zueitina was one of the few Libyan ports still exporting oil as many others have closed due to fighting or disruptions at oilfields since the ousting of former dictator Muammar Gaddafi. "The protesters closed the pipeline to the port," Mohamed El Harari, spokesman for state oil firm NOC, said, adding that several oilfields in eastern Libya would have to close. Libyan oil output is now below 500,000 barrels per day (bpd), officials say, a third of what Libya pumped before 2010. A strong dollar also weighed on oil, making the commodity more expensive for holders of other currencies. Brent crude oil climbed to $67.12 a barrel, up 67 cents and its highest since Dec. 8, before easing back slightly ...

Russia's Gazprom: April gas exports up slightly y/y to 13.5 bcm MOSCOW: Gas exports from Russia's Gazprom to Europe and Turkey were at 13.5 billion cubic metres (bcm) in April, an official at Gazprom Export said on Tuesday, up from 12.78 bcm a year earlier. For the first four months of 2015, exports were at 47.85 bcm, the official added, compared to 55.8 bcm in the first four months of 2014. Copyright Reuters, 2015 ...
Oil hits 2015 high as traders look beyond ample current supply LONDON: Oil rose towards $67 a barrel on Monday to reach a 2015 high, supported by expectations the supply glut will ease and after weak Chinese factory activity reinforced views that stimulus measures would be rolled out. Activity at China's factories shrank at its fastest pace for a year as new orders fell in April, a private business survey showed on Monday, hardening the case for policy stimulus to boost the world's second biggest economy. ...
Oil prices slide before weekend LONDON: The world oil market dipped Friday after rallying on the back of the first drop in US stockpiles for six months as well as a weaker dollar.Brent North Sea crude for June delivery lost 42 cents to stand at $66.36 a barrel in London just after midday.US benchmark West Texas Intermediate for delivery in June shed 11 cents to $59.52 a barrel.However, trading was quiet with most Asian markets closed for public holidays, and ...
Mexico's CFE buys at least 8 LNG cargoes -traders MILAN/LONDON: Mexican state-owned utility CFE has bought at least eight cargoes of liquefied natural gas (LNG), two traders said. Swiss-trading house Trafigura was among the suppliers, traders said. Copyright Reuters, 2015 ...
Oil retreats off 2015 highs, Iraq exports hit record LONDON: Oil prices edged lower on Friday, easing off 2015 highs after Iraq said its crude oil exports hit a record in April, keeping Middle East production well above demand. The two crude global benchmarks rose between 20 and 25 percent in April, helped by a weaker dollar and bets that a supply glut would ease, following the June-to-January sell-off that halved prices from above $100 a barrel. But signs of an increasing supply glut ...
US oil hits five-month high as dollar weakens LONDON: US crude oil hit a five-month high on Thursday as the dollar slipped to its lowest since February and as more evidence emerged of a gradual balancing of the US domestic market. The US currency fell to a two-month low against a basket of currencies early on Thursday as the euro and yen rallied, making oil less expensive for holders of other currencies. "The dollar has been the big factor," said Bjarne Schieldrop, chief ...

 



 
Index Closing Chg%
Arrow DJIA 18,041.54 1.04
Arrow Nasdaq 5,032.75 1.11
Arrow S&P 2,104.20 1.03
Arrow FTSE 6,948.99 1.18
Arrow DAX 11,625.13 1.61
Arrow CAC-40 5,083.54 0.66
Arrow Nikkei 20,437.48 0.12
Arrow H.Seng 28,249.86 0.92
Arrow Sensex 27,531.41 0.41





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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%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln