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UK gas prices fall as North Sea supply returns, Langeled flows up LONDON: Natural gas prices in Britain fell on Monday morning as piped Norwegian supply helped offset the shutdown of Emden EMS and returning output after British North Sea maintenance eased supply concerns.Prices for within-day delivery were trading at 42.80 pence per therm at 0926 GMT, down 2.2 pence since their last settlement. Prices for delivery on Tuesday were down 0.7 pence at 43.25 pence.The market was broadly balanced with supply flows forecast at 149.4 million cubic metres (mcm) per day and demand seen at 148.5 mcm, National Grid data showed.Despite temperatures slipping below seasonal averages, demand remained well below norms of about 172 mcm, the data showed.Helping offset Saturday's shutdown for maintenance of the Emden Europipe metering station (EMS) were higher flows via the Langeled pipeline from Norway which rose to 27 mcm from 18 mcm on Friday.Analysts at Thomson Reuters Point Carbon noted this also helped alleviate tightness in ...

Oil below $103 on easing geopolitical risks, ample supply LONDON: Oil fell more than $1 a barrel to trade below $103 on Monday as investor concerns over conflict in Ukraine and Iraq eased, and as higher Libyan oil output added to already ample supplies.Crude jumped on Friday after the government in Kiev said its artillery had partially destroyed a Russian armoured column. While fighting between Ukrainian forces and pro-Moscow separatists continues, fears of a further escalation proved unfounded."It became apparent on Friday just how ...
Rosneft, Statoil start exploration for oil and gas in Norway MOSCOW: Russia's Rosneft and Norway's Statoil have embarked on joint exploration for oil and gas on the Norwegian continental shelf in the Barents Sea, Rosneft said on Monday.The companies expect to analyse the drilling results up until the end of this year.A subsidiary of sanctions-hit Rosneft was granted the award of a 20 percent participating interest in the four fields within the Norwegian continental shelf in the Barents Sea during a licensing round last year.Copyright ...
Turkish energy minister says Iraqi Kurdistan oil exports continue ANKARA: Turkish Energy Minister Taner Yildiz said on Monday 6.5 million barrels of Iraqi Kurdish crude oil had been shipped to world markets via Turkey's Ceyhan port since exports began and that a seventh tanker was being loaded at the terminal.Yildiz said crude flow on the Kirkuk-Ceyhan pipeline had been halted as of Monday due to maintenance work. Flows through the 120,000 barrel-per-day (bpd) pipeline began at the end of 2013 but the first cargo ...
Turkish energy minister says 6.5mn barrels of Iraqi Kurdish oil exported ANKARA : Turkish Energy Minister Taner Yildiz said on Monday that 6.5 million barrels of Iraqi Kurdish crude oil had been shipped to world markets via Turkey's Ceyhan port since exports began. Yildiz said that crude flow on the Kirkuk-Ceyhan pipeline had been halted as of Monday due to maintenance work. Flows through the 120,000 barrels per day pipeline began at the end of 2013 but the first cargo was not loaded until May. Copyright ...
Oil steadies near 13-month low under $103 LONDON: Brent crude stabilised below $103 a barrel on Friday, close to a 13-month low, on ample supplies of high-quality oil and signs faltering global economic growth may be capping fuel demand. Economic growth in Germany and France ground to a halt in the second quarter, and implied oil demand in China, the world's second-largest oil consumer, fell 6 percent in July. Oil supplies have been increasing steadily, with US crude production up more than ...
Oil prices in fresh falls LONDON: Oil prices fell once more on Thursday following a brief pull-back the day before, as the market focused on a weak demand outlook for crude, analysts said.Brent North Sea crude for delivery in September dropped 74 cents to stand at $103.54 a barrel in London afternoon deals.US benchmark, West Texas Intermediate for September, eased 13 cents to $97.46 a barrel.In volatile trading on Wednesday, Brent hit a 13-month low point at $102.37 a barrel, ...

 



 
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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 02, 2014
Reserves $13.581 bln