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Diesel gains as US imports dwindle LONDON: Diesel barge differentials in northwest Europe rose on Wednesday as imports from the United States were expected to drop in march, tightening supplies in the region. Outright diesel barge prices dropped to their lowest level in two months after the underlying ICE gasoil futures fell amid easing concerns over the Crimean crisis. The diesel arbitrage from the US Gulf Coast was closed for most refiners and traders due to US refinery maintenance, with import volumes expected to reach 700,000 tonnes this month, less than half the volumes seen in February, traders said. "Diesel is strong in the US, tending to make people in northwest Europe focus on the prompt," a trader said. On the other hand, higher import volumes from Russia could offset the lower US supplies. Diesel was trading at premiums of more than $10 a tonne above northwest Europe as a result of the lower US arbitrage ...

Brent oil falls for 2nd day, Crimea rally gains wiped out LONDON: Brent crude oil futures fell for the second straight session on Wednesday, dropping below $109 a barrel on an easing of fears that Russia's incursion into Ukraine could lead to war. Brent is now more than $3 below a two-month high hit at the start of the week following Russia's seizure of Ukraine's autonomous Crimea region, with prices having retraced all the gains seen on Monday. US crude held steady, narrowing its discount to ...
Euro coal prices weakened slightly LONDON: European physical coal prices weakened slightly on Tuesday as fears of a regional gas supply crisis eased, after military tensions between Russia and Ukraine had boosted contracts the previous day along with gains in natural gas markets. Cargoes for delivery in May to the ports of Amsterdam, Rotterdam and Antwerp (ARA) were valued at $74.20 a tonne on Tuesday afternoon, down $1 since Monday. Traders said the drop was in line with lower spot ...
RWE posts first full-year loss in 60 years in 2013 FRANKFURT: RWE, Germany's second-biggest power supplier, unveiled Tuesday its first full-year loss in more than 60 years last year as it grapples with the crisis in conventional electricity generation.And RWE warned its earnings would deteriorate further this year.The power giant said in a statement that writedowns on its conventional power plants pushed it into net loss of 2.757 billion euros ($3.8 billion) in 2013. Underlying or operating profit fell by 8.3 percent to 5.881 billion ...
Oil-rich Norway considers divesting from fossil fuels OSLO: Oil-rich Norway said Friday in an ironic twist that it would consider pulling its enormous state oil fund out of overseas investments in fossil fuels.Norway, where oil revenue accounts for nearly a quarter of the economy, has the world's largest sovereign wealth fund, which has invested the nation's oil wealth in a range of stocks, bonds and other vehicles including major oil and gas companies.An independent panel of experts will report back to parliament ...
Coal prices inch up but market remains oversupplied LONDON: European physical coal prices inched up on Friday but low demand due to a mild winter in Europe and increasing shipments mean the market remains oversupplied. Cargoes for delivery in April to the ports of Amsterdam, Rotterdam and Antwerp (ARA) were trading at $73.50 a tonne at 1610 GMT, up $0.40 from the previous settlement of $73.10. In the futures market, API2 coal contracts for delivery in 2015 edged up $0.46 to $80.75 a ...
Oil prices retreat LONDON: Oil prices extended losses on Friday owing to concerns over soft US economic data and the unfolding crisis in Ukraine, analysts said.New York's main contract, West Texas Intermediate (WTI) for April delivery, eased nine cents to $102.31 a barrel.Brent North Sea crude for April slid 27 cents to stand at $108.77 a barrel in London midday deals.In the US, the world's biggest consumer of crude, data on Thursday showed first-time claims for unemployment insurance ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln