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Oil up to $110 on weak dollar, Chinese growth data LONDON: Brent crude futures rose to $110 a barrel on Friday, supported by a weak US dollar and third quarter GDP growth data from China which matched consensus expectations.Brent crude was up $1.03 at $110.14 a barrel by 1135 GMT and US crude oil was up 84 cents at $101.51.Analysts pointed to a weak US dollar, which is trading at an eight-and-a-half month low against the euro and a basket of currencies, and decent economic growth data from China, the world's second biggest oil consumer."The weaker dollar is having an impact on all commodities, and positive Chinese GDP data are boosting oil," said Fawad Razaqzada, an analyst at GFT Global Markets.But he was sceptical oil could continue to rise against a backdrop of bearish supply and demand fundamentals, and easing geopolitical tensions."In the short to mid-term I expect prices to fall due to rising supply and progress in talks with ...

UK Rough gas storage in maintenance LONDON: Britain's biggest gas storage site, Rough, will not be available to inject or withdraw gas until midday on Tuesday due to ongoing maintenance, operator Centrica said in a market note.Maintenance at the site started at 1600 GMT, the statement said.More maintenance is planned in November. Market participants will not be able to refill inventories for 14 days from 0500 GMT on Nov. 18, while withdrawals will be curtailed by 21 percent for 4 days ...
Oil eases on Iran talks, US budget crisis LONDON: Global oil prices fell towards $110 per barrel on Monday on expectations that Iranian nuclear talks will ease tensions, while a looming deadline to head off a US default stoked worries about the outlook for demand.Brent futures fell by a dollar to $110.28 before paring some losses to trade down about 83 cents at $110.45 at 1039 GMT. US oil pared early gains and was down 75 cents at $101.27 a barrel."Oil is falling ...
Oil falls nearer to $110 on Iran talks LONDON: Global oil prices fell towards $110 per barrel on Monday on expectations that Iranian nuclear talks will ease tensions, while a looming deadline to head off a US default stoked worries about the outlook for demand.Brent crude futures fell by 93 cents to $110.35 at 1348 GMT. US oil pared early gains and was down 45 cents at $101.61 a barrel."Oil is falling on the possibility of talks with Iran bearing fruit. That possibility ...
Global clean energy investment fell in Q3: research LONDON: Global investment in clean energy fell to $46-$47 billion in the third quarter of this year as project finance for renewables stalled due to policy uncertainty, overcapacity and cheap natural gas, two separate reports showed on Monday.Third-quarter investment in renewable energy and smart energy technologies totalled $45.9 billion - 20 percent below the same period in 2012 and 14 percent below the second quarter of this year, research by Bloomberg New Energy Finance showed.The ...
Oil rises to $110 on return of Libyan supply worry LONDON: Crude oil rose above $110 a barrel on Thursday after the seizure of Libya's prime minister punctured confidence that its oil exports would swiftly return to normal.Libyan Prime Minister Ali Zeidan was captured and held for several hours by former rebel militiamen angry at the weekend capture by US special forces of a Libyan al Qaeda suspect in Tripoli.Libya's oil output has risen to 700,000 barrels per day, after falling at mid-year to its ...
OPEC sticks to oil demand forecasts VIENNA: The OPEC oil cartel on Thursday stuck to its forecasts for global oil demand, projecting a rise of 1.0 percent this year and of 1.2 percent in 2014.The Organization of Petroleum Exporting Countries said in its October monthly report that demand would average 89.74 million barrels per day (mbpd) in 2013 and 90.78 mbpd in 2014.It kept its economic growth forecasts at 2.9 percent this year and 3.5 percent in 2014, "although ongoing developments ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln