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Oil steady around $80 ahead of OPEC output decision LONDON: Brent crude oil prices steadied around $80 a barrel on Tuesday ahead of a meeting of OPEC oil producers to decide on production levels for next year.Oil market watchers are divided on the outcome of the Organization of the Petroleum Exporting Countries meeting this Thursday in Vienna. Predictions range from a large production cut to revive prices, to a small reduction, or none at all.Oil prices have fallen by almost a third since June and are far below what most OPEC members and rival producers such as Russia need to balance their budgets.Several OPEC members want the group to cut production dramatically to ease a global supply glut, but Saudi Arabia, the biggest exporter, appears reluctant to endorse a big cut.Algerian Energy Minister Youcef Yousfi said on Tuesday OPEC would seek a "consensual step" to bring stability to the oil market."This is arguably the most important OPEC meeting since ...

LNG tanker Al Utouriya set to arrive at UK's Isle of Grain Nov. 26 LONDON: Liquefied natural gas (LNG) tanker Al Utouriya is set to arrive at Britain's Isle of Grain terminal on November 26, Reuters shipping data shows. The tanker has a capacity of around 212,000 cubic metres.Copyright Reuters, 2014 ...
Prices rise as cold weather boosts consumption LONDON: Prompt natural gas prices in Britain rose on Tuesday morning as consumption rose due to colder weather. Prices for next-day delivery rose to 58.35 pence per therm at 0808 GMT, up 0.90 pence from the previous settlement. Gas for immediate delivery was 0.55 pence higher at 58.25 pence per therm. Temperatures are forecast to be around 3 degrees Celsius on average in Britain on Tuesday, 3 degrees below normal levels for the time of ...
Oil steady below $80 ahead of OPEC output decision LONDON: Brent crude oil prices steadied under $80 a barrel on Tuesday ahead of a key meeting of OPEC oil producers to decide on oil production levels for next year. Ministers from the Organization of the Petroleum Exporting Countries were gathering in Vienna for a meeting on Thursday to agree how to respond to a collapse in oil prices, which have fallen by almost a third since June. Several OPEC members want the group to ...
EU regulators largely approve German green energy scheme BRUSSELS: Germany subsidies for producing renewable energy did not flout EU rules, the European Commission announced on Tuesday, following an in-depth investigation into whether they had constituted unfair competition. The Commission also said that most of the waivers from a green surcharge granted to energy intensive industry were fair, although a limited number of the reductions had exceeded the amounts allowed. That means some beneficiaries will have to pay back the excess, but only for ...
Total faces French trial over Iran contracts-prosecutor PARIS: French oil company Total is to face trial in France over corruption allegations relating to Iranian contracts dating from the 1990s and early 2000s, the Paris prosecutor's office said on Tuesday. Total agreed last year to pay $398.2 million to settle US criminal and civil allegations that it paid bribes to win oil and gas contracts in Iran. At the time, the Paris prosecutor recommended that the company and its chief executive at the ...
Oil steadies around $80 as Iran deadline extended LONDON: Brent crude oil stabilised around $80 a barrel on Monday as world powers extended talks with Iran over its nuclear programme, maintaining sanctions and preventing an immediate increase in Iranian oil supply to world markets. The decision came ahead of a key meeting of OPEC to discuss production in response to a collapse in oil prices. British Foreign Secretary Philip Hammond said the talks between Iran and six world powers had made clear progress ...


Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,723.42 0.09
Arrow DAX 9,974.87 0.60
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Arrow Nikkei 17,248.50 0.78
Arrow H.Seng 24,004.28 0.45
Arrow Sensex 28,438.91 0.19

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln