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Oil hits 2015 highs above $67 as Libyan output slows LONDON: Oil prices jumped more than $1 a barrel on Tuesday, pushing North Sea Brent and U.S. light crude to 2015 highs, after protests stopped crude flows to the eastern Libyan oil port of Zueitina, hampering exports.Zueitina was one of the few Libyan ports still exporting oil as many others have closed due to fighting or disruptions at oilfields since the ousting of former dictator Muammar Gaddafi."The protesters closed the pipeline to the port," said Mohamed El Harari, spokesman for state oil firm NOC, adding that several oilfields in eastern Libya would have to close.Libyan oil output is now below 500,000 barrels per day (bpd), officials say, a third of what the country pumped before 2010.A strong dollar also weighed on oil, making the commodity more expensive for holders of other currencies.Brent crude oil climbed to a high of $67.65 a barrel, up $1.20 and its highest since Dec. 8, ...

LNG tanker Excalibur to arrive at Rotterdam on May 6 LONDON: The Excalibur liquefied natural gas (LNG) tanker is expected to arrive at Rotterdam on May 6, according to the local port authority. The 135,000 cubic metre capacity vessel is listed as inbound for the Gate terminal according to the Port of Rotterdam website. Copyright Reuters, 2015 ...
Oil hits 2015 high above $67 as Libya output slows LONDON: Brent crude oil hit a high for the year above $67 a barrel on Tuesday after protests stopped crude flows to the eastern Libyan oil port of Zueitina, hampering exports. Zueitina was one of the few Libyan ports still exporting oil as many others have closed due to fighting or disruptions at oilfields since the ousting of former dictator Muammar Gaddafi. "The protesters closed the pipeline to the port," Mohamed El Harari, spokesman for ...
Russia's Gazprom: April gas exports up slightly y/y to 13.5 bcm MOSCOW: Gas exports from Russia's Gazprom to Europe and Turkey were at 13.5 billion cubic metres (bcm) in April, an official at Gazprom Export said on Tuesday, up from 12.78 bcm a year earlier. For the first four months of 2015, exports were at 47.85 bcm, the official added, compared to 55.8 bcm in the first four months of 2014. Copyright Reuters, 2015 ...
Oil hits 2015 high as traders look beyond ample current supply LONDON: Oil rose towards $67 a barrel on Monday to reach a 2015 high, supported by expectations the supply glut will ease and after weak Chinese factory activity reinforced views that stimulus measures would be rolled out. Activity at China's factories shrank at its fastest pace for a year as new orders fell in April, a private business survey showed on Monday, hardening the case for policy stimulus to boost the world's second biggest economy. ...
Oil prices slide before weekend LONDON: The world oil market dipped Friday after rallying on the back of the first drop in US stockpiles for six months as well as a weaker dollar.Brent North Sea crude for June delivery lost 42 cents to stand at $66.36 a barrel in London just after midday.US benchmark West Texas Intermediate for delivery in June shed 11 cents to $59.52 a barrel.However, trading was quiet with most Asian markets closed for public holidays, and ...
Mexico's CFE buys at least 8 LNG cargoes -traders MILAN/LONDON: Mexican state-owned utility CFE has bought at least eight cargoes of liquefied natural gas (LNG), two traders said. Swiss-trading house Trafigura was among the suppliers, traders said. Copyright Reuters, 2015 ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln