Just in:  

You are here: Home»Markets»Energy»Europe



European stocks mixed before Greece talks LONDON: European stock markets diverged on Friday as eurozone members prepared for crunch talks with Greece on a renegotiation of the country's bailout terms.Around midday in the eurozone, Frankfurt's DAX 30 index was down 0.41 percent at 10,956.71 points and the CAC 40 in Paris lost 0.51 percent to 4,808.85. The euro fell to $1.1342 from $1.1365 late in New York on Thursday.Athens' main stocks index was meanwhile up by 0.74 percent compared with Thursday's close.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 eurozone equity market is being held back by the developments in Greece and will remain offside until a deal is brokered," said David Madden, market analyst at IG trading group.Finance ministers from the eurozone's 19 member countries will meet in Brussels on Friday to consider a proposal by Athens to extend its ...

Oil plummets before US inventories data LONDON: Oil plunged Thursday before the release of a closely-watched report that is expected to show a surge in US stockpiles to a 33-year high, adding to a global supply glut.US benchmark West Texas Intermediate for delivery in March dived $2.07 to $50.07 per barrel compared with Wednesday's close.Brent North Sea crude for April delivery slid $1.55 to stand at $58.98 a barrel in London early afternoon deals."Activity this morning has seen prices ... sharply ...
Oil falls sharply after US crude inventories rise LONDON: Brent oil prices slipped below $59 a barrel on Thursday after another big weekly build in U.S. crude inventories and a possible rise in Saudi output stoked worries about oversupply.U.S. crude stocks rose by 14.3 million barrels last week, data from industry group the American Petroleum Institute (API) showed on Wednesday, compared with analysts' expectations for an increase of 3.2 million barrels.If official data due at 1600 GMT from the U.S. Energy Information Administration ...
Norway's Troll gas outage rises to 15 mcm on Thursday OSLO: The ongoing capacity cut at Norway's Troll gas field has been expanded to an estimated 15 million cubic metres (mcm) on Thursday from a previous estimate of 10 mcm, pipeline operator Gassco reported.Copyright Reuters, 2015 ...
Norwegian gas output down 15.6mcm on Thursday due two outages OSLO: Norway's gas production capacity will be cut by a combined 15.6 million cubic metres on Thursday due to two outages, gas systems operator Gassco said.Production capacity at the country's biggest offshore field, Troll, will be reduced by 10.0 million cubic metres (mcm) on due to a compressor failure, Gassco said on its website.The outage, which started at 1800 GMT on Wednesday, is expected to last for one to two days, it added.Another outage will ...
Oil prices fall on eve of US inventory data LONDON: Oil prices fell on Wednesday before the release of a report on US crude inventories and as traders kept an eye on the crisis in crude exporter Libya.US benchmark West Texas Intermediate for delivery in March shed $1.35 to $52.18 a barrel compared with Tuesday's close.Brent North Sea crude for April delivery slid $1.46 to stand at $61.07 a barrel in late London deals.The US Department of Energy will release its weekly stockpiles report ...
New diesel unit at Izmit refinery to start production at end-Q1 LONDON: A diesel-producing upgrade at Turkey's Izmit refinery will now start production at the end of the first quarter, a company spokesman confirmed on Wednesday, leaving the country heavily reliant on imports. "We're not at the finished stage," said Jonathan Lamb, a spokesman for Tupras, Turkey's sole refiner. "We plan to be properly operational, producing fuel we can sell, by the end of the first quarter." The facility officially opened in December, but products from ...


Index Closing Chg%
Arrow DJIA 18,203.37 0.47
Arrow Nasdaq 4,979.90 0.56
Arrow S&P 2,107.78 0.45
Arrow FTSE 6,889.13 0.74
Arrow DAX 11,280.36 1.14
Arrow CAC-40 4,869.25 0.98
Arrow Nikkei 18,815.16 0.06
Arrow H.Seng 24,702.78 0.74
Arrow Sensex 29,593.73 0.46

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln