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Oil prices steady after highs LONDON: Oil prices steadied on Thursday, a day after reaching five-month high points following an unexpected drop in US crude inventories.US benchmark West Texas Intermediate (WTI) for June delivery dipped 13 cents to $60.80 a barrel.Brent North Sea crude for June rose 23 cents to stand at $68.70 a barrel in London midday deals.Brent had hit $69.63 and WTI reached $62.58 on Wednesday -- the highest levels this year.Crude stockpiles tumbled by 3.9 million barrels in the week to May 1. Analysts had expected an increase of 1.5 million barrels, according to a Bloomberg News poll.Despite the decline, at 487.0 million barrels of crude, the stockpiles were at their highest level on record for this time of year.And US crude-oil production slipped only marginally to 9.4 million barrels per day."Prices have come off because markets had been anticipating that US production numbers would have come down lower," Daniel Ang, investment ...

Oil heads towards 2015 highs despite ample supply LONDON: Brent crude oil headed up towards 2015 highs above $68 a barrel on Thursday after official data showed the first drawdown in US crude inventories since January, evidence the market there is balancing after months of heavy oversupply.US crude stocks fell 3.9 million barrels last week, the first drop in four months, the Energy Information Administration said on Wednesday. Stronger-than-expected demand growth and a slowdown in US crude supply has boosted oil prices by ...
Enel Green Power sees 2015 core earnings falling to 1.8bn euros MILAN: Italy's biggest renewable energy company Enel Green Power said it would spend 9.6 billion euros ($11 billion) over the next five years to grow its geographic footprint targeting mainly Brazil, Chile and Mexico. The company, controlled by utility Enel, expects its earnings before interest, tax, depreciation and amortisation (EBITDA) to fall to around 1.8 billion euros this year, from some 1.9 billion euros in 2014. EBITDA is expected to rise to around 2.1 billion ...
Oil prices extend rally LONDON: Oil prices rallied on Tuesday as the market builds on strong recent gains following massive falls earlier in the year.US benchmark West Texas Intermediate for delivery in June won $2.06 to $60.99 a barrel.Brent North Sea crude for June advanced $1.69 to stand at $68.15 a barrel in late London deals."Crude oil has resumed its strong recovery since bottoming out in mid-March," said Fawad Razaqzada, analyst at Forex.com."The trigger behind today's rally was apparently ...
Oil hits 2015 highs above $67 as Libyan output slows LONDON: Oil prices jumped more than $1 a barrel on Tuesday, pushing North Sea Brent and U.S. light crude to 2015 highs, 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," said ...
LNG tanker Excalibur to arrive at Rotterdam on May 6 LONDON: The Excalibur liquefied natural gas (LNG) tanker is expected to arrive at Rotterdam on May 6, according to the local port authority. The 135,000 cubic metre capacity vessel is listed as inbound for the Gate terminal according to the Port of Rotterdam website. Copyright Reuters, 2015 ...
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 ...

 



 
Index Closing Chg%
Arrow DJIA 17,596.35 1.95
Arrow Nasdaq 4,958.47 2.40
Arrow S&P 2,057.64 2.09
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Arrow DAX 11,083.20 3.56
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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
WeeklyJune 25, 2015
Reserves $17.457 bln