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Oil slips to $106 on increased supply, low demand LONDON: Brent crude oil slipped to around $106 a barrel on Thursday as higher OPEC output and disappointing demand in the United States outweighed tensions in the Middle East, Africa and Ukraine.OPEC pumped more oil in July than in June despite concerns that unrest in Africa and the Middle East could hurt production, a Reuters survey showed.Gasoline stockpiles rose in the United States even though it is the peak driving season, raising concern over the outlook for demand in the world's largest oil consumer.Brent crude for September delivery fell 40 cents to $106.11 a barrel by 1040 GMT. Brent has dropped more than 5 percent in July and is on track to post its biggest monthly loss since April 2013.U.S. crude futures for September delivery dropped 75 cents to $99.52 a barrel, putting the contract on course for a 5.6 percent fall on the month, the biggest since October."It (falling ...

Oil slide despite geopolitical jitters LONDON: World oil prices sank on Monday as traders appeared to shrug off geopolitical worries over key crude producing regions, dealers said.Brent North Sea crude for delivery in September dropped 94 cents to stand at $107.45 per barrel nearing midday in London.US benchmark West Texas Intermediate for September fell 61 cents to $101.48 a barrel."The oil market still appears unaffected by the numerous sources of geopolitical crisis," said Commerzbank analysts in a note to clients."The ...
Oil falls below $108 on excess supply, weak demand LONDON: Brent crude oil slipped below $108 a barrel on Monday as weak demand in Europe and Asia and ample supply in the Atlantic basin outweighed political tensions in Ukraine and the Middle East.North Sea and West African physical crude markets are over supplied, traders and brokers say, with sellers discounting heavily in an effort to attract buyers such as oil refiners.September Brent was down 66 cents at $107.73 a barrel by 0840 GMT. Earlier ...
UK gas prices fall on reduced exports and robust LNG supply LONDON: Wholesale natural gas prices in Britain fell on Monday morning due to oversupply in the market as exports to the continent were reduced and liquefied natural gas (LNG) supply was expected to increase.Gas prices for delivery on Tuesday declined to 38.75 pence ($0.66) per therm at 0834 GMT, 1.65 pence lower than the previous close, while gas for immediate delivery was down 2.55 pence at 38.35 pence per therm.Prices for the winter 2014-2015 season ...
Hungary says gas flows from Ukraine normal on Monday BUDAPEST: Russian natural gas flows to Hungary via Ukraine were running normally on Monday morning, Hungarian pipeline operator FGSZ Zrt said.Russia cut off gas to Ukraine on June 16 in a dispute over unpaid bills but continues to supply gas that Ukraine sends on to Russia's clients in Europe.Copyright Reuters, 2014 ...
Oil slips below $107 as ample supply outweighs risk premium LONDON: Oil fell below $107 a barrel on Friday as plentiful supply outweighed concerns over conflicts in the Middle East and Ukraine. Brent crude for September delivery traded 18 cents lower at $106.89 a barrel by 1400 GMT. The contract had closed 96 cents lower on Thursday. "There is ample prompt supply of crude oil, but the geopolitics in Ukraine, Gaza, Iraq and Libya is providing support," said Olivier Jakob, an analyst at Petromatrix in ...
Oil flat around $107 as ample supply offsets risk premium LONDON: Oil held steady around $107 a barrel on Friday, as plentiful supply countered any premium to prices caused by concern over conflicts in the Middle East and Ukraine. Brent crude for September delivery traded 14 cents higher at $107.21 a barrel by 1020 GMT. The contract had closed 96 cents lower on Thursday.US crude for September delivery was up 10 cents at $102.17 a barrel, after settling $1.05 lower.The continuing conflicts, however, did little ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln