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Oil prices extend gains LONDON: Oil extended gains Monday as a slowdown in US production helped to offset a weak US jobs report, analysts said.US benchmark West Texas Intermediate for delivery in November climbed 44 cents to $45.98 a barrel.Brent North Sea crude for November delivery rose 54 cents to $48.67 a barrel.Data ahead of the weekend showed the number of active rigs in the United States fell to a five-year low of 614 last week, helping ease concerns over the global oversupply that has depressed prices."Falling US oil rigs suggest that we could see more US production cuts, which could ease the over-supply issue," said Bernard Aw, market strategist at traders IG Markets.The US Labor Department meanwhile said Friday that jobs growth in the world's biggest economy and top oil consumer faltered in September and the labour market weakened across the board.This stoked concerns about demand for oil when growth in China, the ...

Russia energy Minister: discounted gas price for Ukraine in Q4 around $230 SOCHI: Russian Energy Minister Alexander Novak said on Saturday that the discounted price Ukraine would pay for Russian gas supplies in the fourth quarter would be around $230 per thousand cubic metres, plus or minus $2 or $3.Novak made the comments to journalists at an investment conference in the southern Russian city of Sochi.Copyright Reuters, 2015 ...
Oil turns negative after weak US jobs data LONDON: Oil fell on Friday, reversing earlier gains after non-farm payrolls data came in weaker than expected which clouded the demand outlook from the world's largest oil consumer. US employers slowed hiring over the last two months and wages fell in September, raising new doubts the economy is strong enough for the Federal Reserve to raise interest rates by the end of this year. "The jobs data was lower than expected so it softens the ...
Oil prices advance on US production drop LONDON: Global oil prices climbed Thursday with a fall in US crude production helping to offset concerns over high crude stockpiles and soft demand.China continued to offer downward pressure after official numbers showed its manufacturing sector shrank for a second straight month in September.But data Wednesday showed US crude production falling by 40,000 barrels per day.In Thursday trading, Brent North Sea crude for delivery in November gained 98 cents to stand at $49.35 a barrel ...
Oil rises as Russia bombs Syria, US faces hurricane LONDON: Oil prices rose on Wednesday on concerns of an escalation in the Syrian war after Russia started air strikes against Islamic State and the approach of a hurricane on the US East Coast kept investors wary. Russian warplanes carried out several air strikes against Islamic State targets in Syria on Wednesday, shortly after the Russian parliament approved military action. The US National Hurricane Center said the 2015 Atlantic season's third hurricane, Joaquin, was expected ...
Oil prices rebound LONDON: Oil prices recovered Tuesday around half of the previous day's losses that had been caused by renewed concerns surrounding the slowing Chinese economy and its impact on crude demand.US benchmark West Texas Intermediate for delivery in November climbed 52 cents to $44.95 a barrel compared with Monday's close.Brent North Sea crude for November delivery won 71 cents to stand at $48.05 a barrel in early London afternoon deals.Oil prices had dropped by more than ...
Shell halts controversial search for Alaskan oil LONDON: Royal Dutch Shell said Monday it was halting its search for oil off the Alaskan coast, with environmentalists claiming a huge victory in their battle to protect local wildlife.The Anglo-Dutch energy giant said in a statement that its Burger J well in the Chukchi Sea, off the northwest coast of Alaska, did not warrant further exploration owing to insufficient oil and gas being located and because of regulatory uncertainties.Shell, describing its decision to pull ...


Index Closing Chg%
Arrow DJIA 17,131.86 0.28
Arrow Nasdaq 4,838.65 0.17
Arrow S&P 2,017.46 0.13
Arrow FTSE 6,371.18 0.70
Arrow DAX 10,119.83 0.23
Arrow CAC-40 4,688.70 0.27
Arrow Nikkei 18,438.67 1.67
Arrow H.Seng 22,730.93 1.21
Arrow Sensex 26,904.11 0.65

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln