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Oil prices rise as US crude stocks fall LONDON: Crude oil prices bounced back on Wednesday from steep falls in the previous session as government data showed that U.S. crude stocks fell last week for the third straight week.U.S. crude inventories fell by 2.67 million barrels to 482.17 million barrels last week, the Energy Information Administration said on Wednesday. Industry group, the American Petroleum Institute (API), had forecast on Tuesday a fall of 5.2 million barrels.Stocks in the key delivery point of Cushing, Oklahoma fell by 241,000 barrels to 60.44 million barrels, the EIA said.Brent futures rose 72 cents to $64.74 a barrel by 1445 GMT, after touching $65.02 earlier in the session. U.S. crude prices rose 41 cents to $58.40 a barrel, easing back from an intraday high of $58.90.On Tuesday oil fell over 3 percent on a dollar rally and concerns of a building glut, which Goldman Sachs said would lead to a return towards 2015 ...

Oil prices rise on US stock draw, strong Japan data LONDON: Crude oil prices bounced back on Wednesday from steep falls in the previous session as industry data showed that U.S. crude stocks fell more than expected last week.Brent futures rose 85 cents to $64.87 a barrel by 1037 GMT, after touching $65.02 earlier in the session. U.S. crude prices rose 58 cents to $58.57 a barrel, easing back from an intraday high $58.90.On Tuesday oil fell over 3 percent on a dollar rally and ...
Turkmenistan eyes $3bn investment in its Caspian oil, gas in 2015 TURKMENBASHI: Turkmenistan, which owns the world's fourth-largest natural gas reserves, expects foreign companies to invest more than $3 billion in projects on its part of the Caspian Sea shelf this year, a Turkmen government official said on Wednesday.This figure compares to more than $2.5 billion invested in the Turkmen sector of the sea in 2014, Suleymanmurad Guladov, deputy head of the State Agency for Management and Use of Hydrocarbon Resourses, told an international gas congress.Copyright ...
Oil prices drop as Saudis keep pumps running LONDON: Oil prices fell on Tuesday as a global supply glut and soft demand overshadowed the impact of geopolitical tensions in the crude-rich Middle East, analysts said.US benchmark West Texas Intermediate (WTI) for delivery in June slid 43 cents to $59 a barrel.Brent North Sea crude for July shed 63 cents to stand at $65.64 a barrel in London afternoon deals."According to official data... Saudi Arabia exported just shy of eight million barrels of crude ...
Oil prices slip on dollar rally, ample supply LONDON: Brent crude oil fell below $66 a barrel on Tuesday as the dollar strengthened and on evidence of ample supplies of Middle Eastern oil despite wars in northern Iraq, Syria and Yemen.The dollar rose to almost a one-week high against a basket of currencies, recovering from a four-month low and making oil and other commodities more expensive to consumers in non-dollar economies.Crude rallied on Monday on worries that Middle Eastern oil supplies could be ...
Oil prices retreat after early gains LONDON: Oil prices fell on Monday as high production levels offset worries about the risk of Middle East supply disruptions, according to traders.US benchmark West Texas Intermediate for delivery in June fell 10 cents to $59.59 a barrel after gaining earlier in the day as tensions in Yemen and Iraq raised concerns about a supply disruption in the crude-rich Middle East.Brent North Sea crude for July delivery dropped 53 cents to stand at $66.28 a ...
Oil slips as ample supply outlook offsets Mideast turmoil LONDON: Brent crude oil prices declined on Monday after Goldman Sachs slashed its forecasts on a persistently high supply outlook, offsetting fears over deepening violence in the Middle East.A major advance by Islamic State militants in Iraq and renewed air strikes by a Saudi-led coalition against Houthi militia in Yemen heightened concerns that turmoil could impact Middle East oil production.Analysts nevertheless said oil markets remained oversupplied, and that the glut could worsen if U.S. production ...

 



 
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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%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln