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Total sees 2013 net profit slide 20pc to 8.4bn euros PARIS: French oil giant Total said Wednesday its 2013 net profit dipped 20 percent to 8.4 billion euros ($11.45 billion), on the back of higher exploration charges and crumbling refinery margins in Europe.Revenues fell 5 percent to 189.5 billion euros, the group said. Production was stable for last year, instead of showing the increase Total forecast.Copyright AFP (Agence France-Presse), 2014 ...

Rosneft approves $273mn worth of oil shipments to BP MOSCOW: The board of Russia's top oil producer Rosneft has approved deals to supply BP with crude oil and fuel oil worth up to $273 million, Rosneft said in a regulatory filing. Rosneft has increased direct supplies of crude oil and oil products to BP after it bought BP's Russian venture TNK-BP for $55 billion last year, and the British major ended up with 19.75 percent ownership of the Russian leading oil producer. Rosneft said ...
Oil slips below $109 after touching five-week high LONDON: Brent crude eased back after hitting a five-week high above $109 a barrel on Monday as investors bet the US central bank would maintain stimulus measures to support demand in the world's biggest economy and top oil consumer. The new head of the Federal Reserve, Janet Yellen, delivers her first testimonies to Congress this week and markets expect her to indicate monetary policy will stay loose. Economists assume Yellen will say gradual tapering of ...
Oil prices fall before US jobs data LONDON: Oil prices slipped on Friday as investors awaited the release of US jobs data, with some support coming from higher demand for heating fuel in the United States, analysts said.New York's main contract, West Texas Intermediate (WTI) for delivery in March, shed 39 cents to $97.45 a barrel.Brent North Sea crude for March dipped seven cents to $107.12 a barrel.WTI at one point on Thursday hit a peak of $98.83, its highest level this ...
Statoil abandons production target to focus on returns OSLO: Norwegian oil major Statoil abandoned its 2020 production target and slashed investment plans on Friday, joining rivals in reining in runaway spending and targeting returns over output. Statoil, which has grown into a global player with big finds in places like Brazil, Canada and Tanzania, said it would spend $5 billion less than planned in the next three years, pushing its 2020 production targets back by 3 to 4 years. Global oil investment is ...
Oil advances on strong US heating fuel demand LONDON: Crude oil prices climbed on Thursday, extending gains on stronger demand for heating fuel in the United States as the country grapples with severe winter, dealers said.US benchmark West Texas Intermediate (WTI) for delivery in March advanced 35 cents to $97.73 a barrel.Brent North Sea crude for March also rose 35 cents to stand at $106.60 a barrel in London morning deals."Freezing conditions continue across the States, supporting heating oil demand," said analyst Lucy ...
Oil market rebound before US energy report LONDON: Global oil prices recovered on Wednesday, winning support from firmer stock markets and the weaker dollar before the latest snapshot of US crude inventories, dealers said.US benchmark West Texas Intermediate (WTI) for delivery in March advanced 87 cents to $98.04 a barrel.Brent North Sea crude for March rose 44 cents to $106.22 a barrel in London deals."Crude oil prices rebounded... supported by a softer US dollar and strong gains in the global equity markets ...


Index Closing Chg%
Arrow DJIA 16,614.81 1.31
Arrow Nasdaq 4,419.48 2.40
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Arrow H.Seng 23,088.58 0.08
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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 20, 2014
Reserves $13.436 bln