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Russia's Rosneft continues work on deal with Morgan Stanley MOSCOW: Russian oil company Rosneft is continuing work on a deal to buy Morgan Stanley's oil-trading unit, RIA news agency quoted an official at the state-run company as saying."Work on the deal is ongoing," the official, who was not identified by RIA, was quoted as saying. Three sources close to Rosneft have told Reuters that Rosneft could back out of the deal because Western sanctions make it virtually impossible to finance day-to-day operations.Copyright Reuters, 2014 ...

UK gas prices slightly lower on expectations of improved supply LONDON: Prompt natural gas prices in Britain eased slightly on Wednesday on expectations of improved supply as domestic flows resume after maintenance.Gas prices for day-ahead delivery were trading at 49.70 pence per therm at 0823 GMT, down 0.05 pence since their last close. Prices for within-day delivery were also down 0.05 pence at 48.75 pence per therm.Traders said they expected supply to improve as UK Continental Shelf flows start to resume after maintenance at some ...
Oil slips towards $96 on ample supply, slack demand LONDON: Oil fell towards $96 a barrel on Wednesday as rising supply from Africa and Iraq offset mounting tensions in the Middle East and better-than-expected data in China.Weak European economic data and a rise in oil exports from Iraq, Libya and Nigeria have hammered the oil price, which is down nearly 14 percent this quarter.Brent for November delivery fell 34 cents to $96.51 a barrel by 1048 GMT. It was down more than 6 percent ...
Gazprom says eyes condensate exports from Kirinskoye fields YUZHNO-SAKHALINSK: Russia's top gas producer Gazprom is considering gas condensate exports from its Sakhalin offshore group of Kirinskoye oil, gas and condensate fields, an official at the state-run firm said on Wednesday. "Of course we are eyeing options for monetization of (condensate) reserves," Viktor Timoshilov, who is overseeing Gazprom's Russian Far East gas development programs, told reporters. Gazprom believes the condensate reserves of two offshore deposits, Kirinskoye and the yet-to-be-launched Yuzhno-Kirinskoye, could exceed the currently ...
Oil prices up on upbeat Chinese data, Syria bombing LONDON: Oil prices rose on Tuesday in response to better-than-expected Chinese manufacturing data and after the United States said it had led bombing raids against jihadists in Syria, analysts said. Brent North Sea crude for delivery in November gained 57 cents to stand at $97.54 a barrel in London afternoon deals.US benchmark West Texas Intermediate for November climbed 83 cents to $91.70 a barrel. Banking giant HSBC on Tuesday said its flash purchasing managers index ...
UK gas spot prices rise on undersupplied system LONDON: Prompt natural gas prices in Britain rose on Tuesday morning as North Sea maintenance work left the system undersupplied although power prices dropped on the back of a warm weather outlook for the rest of the month.Natural gas prices for within-day delivery were trading at 49.80 pence per therm at 0845 GMT on Tuesday, up 0.55 pence since their last close, while prices for next-day delivery were up 0.30 pence to 49.50 pence per ...
Oil up above $97 as US launches air strikes in Syria LONDON: Brent crude rose above $97 a barrel on Tuesday as the United States and several Gulf Arab allies launched strikes against Islamic State strongholds in Syria, and as a surprise pick-up in China's factory activity boosted the demand outlook.Oil fell to a two-year low last week under the weight of a supply glut and tepid demand, but prices have stabilised as pockets of strength in the world economy have emerged and as tensions have ...


Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln