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UK gas prices for immediate delivery edge up on short system LONDON: British wholesale natural gas prices for immediate delivery edged up on Wednesday as the system was slightly undersupplied but contracts for delivery the next day were down on the back of a more balanced outlook.Prices for delivery within the day were trading at 36.20 pence per therm at 0830 GMT on Wednesday, up 0.27 pence since their last settlement, while prices for delivery on Thursday were down 0.3 pence to 36 pence a therm."The system opened 5-10 million cubic metres (mcm) short due to an unplanned outage at Morecambe, so that pulled up prices for today, but we expect a balanced system again tomorrow so prices for Thursday dipped," one gas trader said.Britain's 8.4 mcm per day capacity North Morecambe gas sub-terminal went into an unplanned outage on Tuesday.Overall price levels remain very low as healthy production, import and stock supplies are met by low demand following an unusually ...

Oil at 1-month low below $109 as Libya supply returns LONDON: Brent crude oil traded at a one-month low under $109 a barrel on Wednesday after a Libyan oilfield restarted and supply worries faded, prompting traders to reduce long positions.Libya has restarted the 340,000-barrel-per-day (bpd) El Sharara oilfield after protesters ended a four-month strike. This could double Libya's current crude output.The government has also taken back control of the Ras Lanuf and Es Sider oil ports, ending an almost year-long occupation that reduced Libya's output ...
Oil prices falter as market looks to Libyan supply resumption LONDON: Oil prices extended their losing run on Tuesday as dealers awaited the resumption of Libyan crude exports and amid receding worries about fighting in major producer Iraq, analysts said.Brent North Sea for delivery in August dropped 74 cents to stand at $109.50 a barrel in London afternoon trade.US benchmark West Texas Intermediate for August fell 15 cents to $103.38 a barrel compared with Monday's close."The imminent return of Libyan supply to the market is ...
UK gas prices inch up as demand outstrips supply LONDON: British spot gas prices edged up on Tuesday morning due to higher demand after touching their lowest level since September 2010 the previous day.Prices for delivery on Wednesday were 0.15 pence higher at 35.45 pence per therm at 0743 GMT, having touched 35.00 pence on Monday, its lowest level Sept. 20, 2010.Gas for immediate delivery was trading at 35.65 pence per therm, up 0.15 pence from the previous settlement.Demand was forecast to be around ...
Brent oil hits fresh 1-month low under $110 in 7-day slide LONDON: Brent crude fell to a fresh one-month low beneath $110 a barrel on Tuesday, as prospects for a rise in Libyan oil exports improved and fears of supply disruption in Iraq eased.The benchmark is headed for a seventh straight session of losses, the longest losing streak since October 2012, and has shed 5 percent since the Iraq crisis drove prices to a nine-month high of $115.71 in June.Brent crude for August delivery was at ...
Greenpeace blocks Chevron's Romanian shale gas site PUNGESTI: Around 20 Greenpeace activists blocked access to a shale gas exploration site in Romania on Monday, in a third attempt to scupper the drilling operations of US energy group Chevron.Protesters locked hands and sat in front of the entrance to a drilling position in the northeastern village of Pungesti. They prevented a lorry from entering and displayed banners reading "No to fracking". Fracking is a controversial extraction technique that consists of injecting water and ...
Oil steadies below $111 as supply fears fade LONDON: Brent crude oil steadied under $111 a barrel on Monday, just above a three-week low, as Libya geared up to resume oil exports from two ports closed for nearly a year.The North Sea oil benchmark dropped 2.3 percent last week, its biggest weekly decline since January, on the Libyan news and as Iraq's oil exports have remained largely unaffected by fighting in the north of the country.Supply of oil to several major markets, including ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln