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Brent oil bounces higher after 3-day losing run LONDON: Brent crude oil prices gained on Tuesday in volatile trade, snapping a three-day losing streak as investors returned their focus to potential supply risks.However, prices remained not far above a recent 16-month low, under pressure from steady global supplies and slower-than-expected growth in the world's top oil consumers.The potential for supply disruption in Iraq where a violent insurgency by Islamic State continues has helped prevent further weakness.Brent also had support as Britain's North Sea Buzzard oilfield was shut down again on Monday night, according to trade sources, as it struggles to return from maintenance. Buzzard is the biggest contributor to the Forties crude stream, which helps underpin the price of benchmark dated Brent.Brent was trading up 33 cents at $100.53 at 1135 GMT after ending the previous session 62 cents lower. On Monday, prices slid below $100 for the first time in more than 14 months and hit a ...

Brent oil back below $100 as strong supply weighs LONDON: Brent crude oil prices fell back below $100 per barrel on Tuesday in volatile trade, down for a fourth day and under pressure from strong supplies.Prices were not far above a recent 16-month low as feared cuts to supply due to violence in the Middle East have failed to materialise. However, the potential for disruption to production in Iraq where a violent insurgency by Islamic State continues has helped prevent further weakness.Brent also had ...
Oil prices mixed after Brent drop LONDON: The oil market diverged on Tuesday as traders paused for breath, one day after Brent crude hit a 16-month low under $100 on the back of ample supplies.Brent North Sea crude for October dropped 14 cents to $100.06 per barrel nearing midday deals.The contract had plunged on Monday under the psychological barrier of $100 to strike an intra-day low of $99.36 -- a level last seen on May 1, 2013.US benchmark West Texas Intermediate ...
UK gas prices slide on higher-than-expected imports from Holland LONDON: Wholesale natural gas prices in Britain were lower on Tuesday morning in reaction to higher-than-expected imports from the Netherlands.Gas for delivery on Wednesday was trading at 46.75 pence per therm at 0814 GMT, down 0.75 pence from the previous settlement. This was the contract's lowest level since Aug. 29.Gas for within-day delivery was 0.30 pence lower at 47.10 pence per therm.Contrary to analyst expectations, flows to Britain through the BBL pipeline from the Netherlands ...
Steady supply keeps Brent oil below $100 a barrel LONDON: Brent crude fell for a fourth straight day on Tuesday, with prices near a 16-month low below $100 a barrel, under pressure from ample global supplies and slower-than-expected growth in the world's top oil consumers.Steady or growing output from Iraq and Libya, where investors had feared violence would cut production, and the shale oil boom in the United States as well as a stronger U.S. dollar have helped to depress the oil price.Brent was ...
Steady supply keeps Brent oil near $100 a barrel LONDON: Brent crude oil fell for a fourth straight day on Tuesday, with prices not far above a recent 16-month low, under pressure from ample global supplies and slower-than-expected growth in the world's top oil consumers.Steady or growing output from Iraq and Libya, where investors had feared violence would cut production, and the shale oil boom in the United States as well as a stronger U.S. dollar have helped to depress the oil price.Brent was ...
Russian gas flows via Ukraine to EU normal on Tuesday PRAGUE: Russian natural gas flows to the European Union through Slovakia via Ukraine were running normally on Tuesday, Slovak pipeline operator Eustream said on its website. Russia cut gas supplies to Ukraine on June 16 in a dispute over unpaid bills but has continued to supply gas which Ukraine sends on to Russia's clients. Copyright Reuters, 2014 ...

 



 
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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 18, 2014
Reserves $13.525 bln