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Oil market drops before US data LONDON: Global oil prices sank on Wednesday as traders awaited the key economic data and weekly crude inventories in top-consuming nation the United States, analysts said.New York's West Texas Intermediate (WTI) for delivery in May slid 56 cents to $99.18 a barrel. Brent North Sea crude for May shed $1.16 to stand at $104.46 a barrel in midday London deals.The US government's Energy Information Administration (EIA) will later publish its report on American crude stockpiles for the week to March 28.Traders will also digest US employment figures from payrolls firm ADP, before Friday's eagerly-awaited non-farm payrolls data."Brent futures have been on a consolidation phase, trading around $105 per barrel ahead of the release of the weekly EIA oil inventories report and key employment data from the US, which will set the tone for today's trading session," said Sucden brokers analyst Myrto Sokou.Crude futures had fallen sharply on Tuesday, as poor ...

Gazprom hikes Ukraine gas export price by over a third MOSCOW: Russian energy giant Gazprom on Tuesday announced it was hiking the price of gas exports to Ukraine by more than a third, after a a Western-leaning government took over the country after the fall of the previous pro-Kremlin regime.Ukraine will now pay a price of $385.5 dollars per 1,000 cubic metres of gas, Gazprom chief executive Alexei Miller said in a statement, raising the price from $268.5 per 1,000 cubic metres previously.Copyright AFP (Agence ...
Gasoline cracks strong as summer nears LONDON: Gasoline prompt crack spreads in northwest Europe held around eight-month highs on Monday, boosted by the switch to pricier summer blends of the motor fuel and by refinery maintenance.The barge market has fully switched to summer grades, with the last of the winter grades trading on Friday at steep discounts to summer."Summer spec is more expensive, by about $40 a tonne," said one gasoline swaps trader.Supplies in the region were expected to tighten in ...
Oil prices fall after strong gains LONDON: Oil prices fell on Monday as dealers booked profits after strong gains last week fuelled by positive US economic data and the tensions in Ukraine.New York's West Texas Intermediate (WTI) for delivery in May fell 43 cents to $101.24 a barrel.Brent North Sea crude for May dipped 28 cents to stand at $107.79 a barrel in London afternoon deals."We are seeing some easing because of some profit taking," Tan Chee Tat, an investment analyst ...
Oil prices higher on US optimism LONDON: Global oil prices rose on Friday as traders took their cue from upbeat US economic indicators and concerns over supply disruptions in Nigeria.New York's main contract, West Texas Intermediate (WTI) for delivery in May, gained 51 cents to $101.79 a barrel.Brent North Sea crude for May grew 21 cents to stand at $108.04 a barrel in London midday deals compared with Thursday's close.The market was supported by robust consumer spending in the United States, ...
Brent oil rises over $108 on promising US data, supply concerns LONDON: Brent crude oil rose above $108 a barrel on Friday, heading for the first weekly gain in five, on promising US data and concern that possible Western sanctions on Russia's energy sector could disrupt global supplies. The US economy grew slightly faster than estimated in the fourth quarter and new claims for jobless aid fell to a near four-month low last week, suggesting a brighter outlook for demand in the world's biggest oil consumer. ...
Eni sells 7pc in Galp Energia for 702.4mn euros MILAN: Italian energy group Eni said on Friday it had sold a 7 percent stake in Galp Energia for 702.4 million euros ($965 million) via an accelerated bookbuilding offered to institutional investors. The offering was priced at 12.10 euros per share, the company said in a statement.After the transaction, Eni will hold around 9 percent of Galp, it said.Eni Chief Executive Paolo Scaroni has said on several occasions the company does not want to remain ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln