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Oil prices mixed after China stimulus move LONDON: Oil prices diverged Monday as the market assessed fresh stimulus action by China against a background of a US crude supply glut.US benchmark West Texas Intermediate for May delivery gained 17 cents to $55.91 a barrel.Brent North Sea crude for June fell 66 cents to stand at $62.79 a barrel in London afternoon deals and after recent strong gains.China's central bank has cut the reserve requirement ratio (RRR) -- or amount of cash that commercial banks must hold in reserve -- by one percentage point, the second such move this year to boost lending.The People's Bank of China (PBoC) made the move effective on Monday.Sucden brokers said investors were mulling "over the effects of the PBoC's decision to cut its reserve".It added in a note that "market participants anticipate that the move will hopefully free up additional capital, as much as $200 billion, in an effort to stimulate lending ...

Brent rises above $64 after Yemen oilfield retreat LONDON: Oil prices repaired early losses to rally above $64 on Friday due to the conflict in Yemen. Brent crude was within sight of its 2015 high reached on Thursday and has rallied 16 percent in April, supported by Yemen and the prospect that lower prices are starting to curb US shale output.At 1509 GMT, Brent crude for June was up 25 cents at $64.23 a barrel. It hit a 2015 high of $64.95 on ...
Global LNG: Steady flow of supply caps market upside LONDON: Asian spot liquefied natural gas (LNG) prices for May delivery were steady this week as a smattering of fresh supply and demand was not enough to give the market clear direction. The price of Asian spot cargoes held steady at $7.10 per million British thermal units (mmBtu), in line with the previous week. "It's been fairly static," a trader said, adding that there had been limited activity over the week. South Korea, the world's ...
Oil market slides before weekend LONDON: World oil prices dropped Friday as investors locked in profits following a six-day rally, with a rise in OPEC's output in March also adding to downward pressure, analysts said.Brent North Sea crude for June delivery fell 38 cents to $63.60 per barrel in midday London deals.US benchmark West Texas Intermediate for delivery in May sank 42 cents to $56.68 a barrel."After a sustained increase in both the WTI and Brent over the past week, ...
Oil market jumps on hopes of easing global supply glut LONDON: World oil prices shot higher Wednesday on forecasts that US shale production would likely drop and help ease a global supply glut, analysts said.US benchmark West Texas Intermediate for delivery in May rallied to a two-month peak at $54.25 per barrel, before pulling back to $53.89, up 60 cents from Tuesday's close.Brent North Sea crude for May hit a three-week high at $59.63 a barrel. It later stood at $59.16 in midday deals, up ...
Oil above $59 on Middle East, US output, but IEA report caps gains LONDON: Brent crude oil prices rose above $59 a barrel on Wednesday amid tension in the Middle East and signs of a dip in U.S. production, but gains were capped by a report from the International Energy Agency (IEA) indicating that supplies would take longer to tighten than previously expected.Front-month Brent crude futures were up 68 cents at $59.11 per barrel by 0903 GMT, while U.S. crude futures were up 70 cents to $53.99.Prices were ...
Oil above $58 on US shale report, Mideast tension LONDON: Crude oil rose on Tuesday after a forecast that U.S. shale oil output would record its first monthly decline in more than four years and on tensions in Yemen, where top oil exporter Saudi Arabia is embroiled in a civil war.Brent crude was up 32 cents at $58.25 a barrel by 1339 GMT, while U.S. crude was up 57 cents at $52.48.The U.S. Energy Information Administration (EIA) said on Monday it expected U.S. shale ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln