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UK gas prices dip on low consumption, traders eye Ukraine outcome LONDON: Prompt natural gas prices in Britain dipped on Thursday morning on lower consumption forecasts and as flows returned after outages, while prices further out were down ahead of the outcome of Ukraine gas talks.Prices for delivery on Friday were 1.25 pence lower at 51.35 pence per therm at 0841 GMT, while prices for immediate delivery were down 1.40 pence at 52.10 pence.Traders said they were expecting lower consumption of gas on Friday and over the weekend due to warmer-than-average temperatures.Flows from the UK's Continental Shelf have also increased after an outage at Perenco's Easington terminal ended on Wednesday and an outage at Gassco's entry point SEGAL returned to service on Thursday.However, National Grid data showed Britain's gas system to be undersupplied by around 5 million cubic metres, possibly due to increased exports to the continent.Further along the curve, prices edged down as traders waited for the outcome of Ukraine ...

Oil drops below $87 as Fed optimism lifts dollar LONDON: Brent crude oil fell below $87 a barrel on Thursday, pressured by a stronger dollar after the Federal Reserve painted a brighter outlook for the US economy.The US central bank on Wednesday ended its monthly bond purchase programme, showing confidence in the prospects for the US economy. While that boosts the outlook for demand from the world's top oil user, the dollar is gaining as expectations rise that the Fed could lift interest rates ...
Gazprom says EU, Ukraine must agree gas debt payment for talks to restart MOSCOW: Gazprom on Thursday said that the EU and Ukraine must agree a deal for Kiev to pay off its gas debts to Russia before talks on restarting deliveries to the strife-torn nation can restart."The European Commission must reach an agreement with Ukraine over the question of financing. Otherwise, negotiations make no sense," Gazprom spokesman Sergei Kuprianov told AFP.EU-brokered talks overnight in Brussels to solve the gas dispute between Russia and Ukraine, which threatens to ...
Technip sticks to goals for 2014 and 2015 PARIS: French oil services group Technip stuck to its revenue and operating margin targets for this year and next on Thursday, saying it was confident it could still win contracts despite the decline in oil prices.Quarterly group revenue rose 18 percent to 2.82 billion euros ($3.55 billion), Technip said in a statement. Operating profit rose 10 percent to 241.5 million euros, giving a margin of 8.5 percent. Net profit fell 12.3 percent at 131.6 million.Analysts ...
No Ukraine-Russia gas deal but talks to continue BRUSSELS: EU-brokered talks to solve a gas dispute between Russia and Ukraine, which threatens to hit parts of Europe this winter, broke up in Brussels without agreement but should resume later Thursday, sources said.The talks, which opened in Brussels on Wednesday, seek to resolve a dispute that has become increasingly fraught since Russia cut supplies to Ukraine in June.Moscow is demanding that the new pro-Western government in Kiev pay sharply higher prices in advance for ...
UK gas prices rise as lower Norwegian supplies leave system short LONDON: Prompt natural gas prices in Britain rose on Wednesday morning as lower supplies from Norway led to an undersupplied system.Prices for within-day delivery were trading at 53.70 pence per therm at 0854 GMT, up 1.10 pence since their last settlement. Prices for delivery on Thursday were up 0.2 pence at 52.75 pence per therm.With supply flows at about 181 million cubic metres (mcm) per day on Wednesday and demand expected to be about 219 ...
Oil rises to $87 ahead of Fed statement LONDON: Brent crude oil rose to $87 a barrel on Wednesday as traders anticipated that the Federal Reserve would keep U.S. interest rates low, putting pressure on the dollar.The Fed is widely expected to end its two-year-old bond-buying stimulus programme, but to reiterate a cautious stance on raising rates, when it issues a statement at 1800 GMT."We're likely to see a slightly weaker dollar today, if the Fed is as dovish as expected, and that ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln