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US natural gas futures ended up for a third straight day on Friday, rising 6 percent on the week for its best week in six months, as weather forecasts pointed to more energy demand for air conditioning. October, the front-month gas futures contract on the CME NYMEX, settled up 2.1 cents, or 0.5 percent, at $4.065 per million British thermal units. It was the first time since mid-July that the market closed above $4 per mmBtu.

As the first US oil condensate exports head to Asia from the Gulf Coast, crude producers and refiners are exploring ways to get around a century-old law that makes it three times more expensive to ship by water between US ports than to sail to a foreign port.
India''s Supreme Court needs to decide fast on the fate of nearly 220 coal blocks it has declared illegal, Finance Minister Arun Jaitley said Saturday, as the nation grapples with already bad fuel shortages. The court will hold a hearing Monday to consider what to do with the 218 coal licences awarded to companies over the past two decades to fuel their steel, manufacturing and other plants that it has pronounced illegal.
European coal prices fell on Friday afternoon on lack of demand from utilities as higher pressure systems replaced cooler weather across Europe, continued oversupply and reduced competitiveness of coal over gas. Cargoes for delivery in October to Amsterdam, Rotterdam and Antwerp (ARA) fell by $1.40 to $76.50 a tonne from the previous settlement. For utilities, the cost competitiveness of burning coal over natural gas has diminished since the start of the year.
Crude oil prices posted their second straight monthly losses, despite rising on Friday on worries that the intensifying Ukraine crisis may bring more sanctions and as US data portended strong demand in the world's largest oil consumer. US crude oil rose for a fourth straight session after data showed consumer confidence rose in August to a seven-year high, although consumer spending dipped by 0.1 percent.
Venezuela's shipments of crude oil and fuel to its allies have fallen to a five-year low as a weak economy hits its ability to uphold accords that former President Hugo Chavez struck to lower energy costs for friends and expand his diplomatic clout. Total shipments under cooperation deals with Latin American and Caribbean countries dropped 11 percent in 2013 to 243,000 barrels per day (bpd), the lowest level since 2007, according to recent data from Venezuela's state-owned oil company PDVSA.
Russia's number two oil company Lukoil said on Friday its net profit rose by 13 percent in the second quarter as production increased. Net profit at the largest private oil company in Russia totalled $2.4 billion (1.8 billion euros) between April and June. "Lukoil continued to implement measures to enhance output and bring new facilities into development," the company said in a statement.

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln