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Italy's Eni plans partial April turnaround at Milazzo refinery LONDON: Italy's Eni will perform maintenance work at its 160,000 barrel per day Milazzo refinery in April, traders said on Thursday. The full refinery will not shut down, traders said, as the work will only impact some of the units. A spokesman for Eni declined to comment on the company's maintenance plans. Copyright Reuters, 2015 ...

West Africa Crude-Nigeria overhang remains, Angola close to sold out LONDON: Sellers are proving reluctant to cut Nigerian crude differentials below close to 5-1/2-year lows despite a stubbornly large overhang of cargoes, traders said on Thursday. About 25 cargoes of Nigerian crude for February loading remain available and trades are concluding only slowly. But with crude prices in contango - a market structure in which future prices are higher than current levels - sellers are also content to wait it out. "When it gets like ...
Oil prices steady on dollar; forecasts cut again LONDON: Oil prices steadied on Thursday, firming as the dollar weakened, despite OPEC forecasts of lower demand for its oil this year and another cut in oil price forecasts by a major U.S. bank.The dollar fell against a basket of major currencies after the Swiss National Bank abandoned a three-year-old cap against the euro, pushing the Swiss currency up sharply and depressing the euro and the dollar.Oil and other commodities are priced in dollars and ...
OPEC sees 2015 supply surplus rising, even as oil slump slows shale boom LONDON: The collapse in oil prices is starting to slow growth in U.S. output, OPEC said on Thursday, although the slowdown will not prevent an increasing global surplus in 2015 and demand for the exporter group's oil falling to its lowest in a decade.In a monthly report, the Organization of the Petroleum Exporting Countries (OPEC) forecast demand for the group's oil would drop to 28.78 million barrels per day (bpd) in 2015, down 140,000 bpd ...
Oil prices jump on dollar weakness, short covering LONDON: Oil prices rallied on Thursday, with both North Sea Brent and US crude oil rising sharply away from near six-year lows as the dollar weakened and investors bought back into futures markets to cover previous short sales.The front-month Brent futures contract was due to expire later on Thursday, and traders said investors who had sold at higher levels in recent days and weeks were now buying back to take profit after recent heavy price ...
Oil prices steady below $49 as forecasters see more falls LONDON: Oil prices steadied below $49 a barrel on Thursday after a volatile day with North Sea Brent and U.S. crude oil dipping towards near six-year lows as another big U.S. bank slashed its oil price forecasts.Bank of America Merrill Lynch (BOAML) cut its crude oil forecasts on Thursday saying Brent could go as low as $31 by the end of the first quarter of 2015."Stocks all over the world are building at a very ...
Oil market slips after rebound LONDON: World oil prices resumed their downward spiral on Thursday, as dealers eyed the poor global economic outlook, after rallying in the previous session on bargain-buying.Crude futures also sank as traders digested news that US stockpiles had risen, adding to long-running concerns about a supply glut and weak demand.In early afternoon deals in London, Brent North Sea crude for February delivery slid $1.18 to $47.51 per barrel. US benchmark West Texas Intermediate for delivery in ...


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,393.13 0.88
Arrow DAX 11,320.77 1.35
Arrow CAC-40 4,946.02 1.08
Arrow Nikkei 19,944.41 0.49
Arrow H.Seng 22,488.94 0.04
Arrow Sensex 25,958.63 0.71

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
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WeeklyNovember 23, 2015
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