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Cold weather boosts US spot natural gas prices for 3rd day           NEW YORK: Most US spot natural gas prices rose on Wednesday for a third straight day, as cold weather was forecast for much of the United States, boosting the need for gas-fired heating demand.   Gas for Thursday delivery at Henry Hub, the benchmark supply point in Louisiana, rose 3 cents to $3.49 per million British thermal units, with early-morning Hub differentials firming to about 4 cents over NYMEX from a 6-cent premium on Tuesday.   The Global Forecast System weather model at noon EST (1700 GMT), run by the US National Oceanic and Atmospheric Administration, indicated colder than normal weather east of the Rockies for the 15-day period, according to Jerry Paul, meteorologist with Weather Insight, a Thomson Reuters company.   Gas on the Transco pipeline at the New York citygate rose 7 cents to $3.85 per mmBtu. In Chicago, prices finished flat on the day at $3.66.   In the US there were 16,500 megawatts (MW) ...

Brent crude oil drops under $113 on Italian vote fears              NEW YORK: Brent crude oil fell to a one-month low under $113 a barrel on Tuesday on worries about an inconclusive Italian election that revived investor concerns about instability in the euro zone and threatened the outlook for fuel demand.   The vote result in the euro zone's third-largest economy stoked fears that the country's politicians would be unable to form a government strong enough to carry out effective reforms.   The election results "played out in the end ...
Cold forecast underpins March natgas futures at expiry              NEW YORK: US natural gas futures mostly ended slightly lower on Tuesday, but cold weather expectations for the eastern half of the nation for the next few weeks helped the March contract expire with a modest gain.   "We're getting a little bit of (cold) weather this week which has helped push prices higher, but there's not much winter left," a Chicago-based trader said.   The front-month March contract rallied 5.6 percent in the last three sessions, its biggest ...
Motiva Port Arthur TX refinery restarts gasoline unit: sources HOUSTON: Motiva Enterprises' 600,000 barrel per day (bpd) Port Arthur, Texas, refinery was restarting a gasoline-producing fluid catalytic cracking unit on Friday after a three-day shutdown for repairs, said sources familiar with operations at the refinery.The restart began on Thursday night, the sources said.The FCC was shut on Monday to repair a leak in a pipe to a storage unit.Motiva is a 50-50 joint venture between Royal Dutch Shell Plc and Saudi Aramco. Motiva's Port ...
New York spot natgas prices sink ahead of milder weekend              NEW YORK: Natural gas cash prices in New York for next-day supply tumbled sharply on Thursday, undermined by the milder late-week weather outlook though near seasonal temperatures next week were likely to stir some demand and limit further downside.   Other US cash price points also lost ground, but New York by far took the biggest hit, with day ahead quotes on Transco pipeline at the New York citygate sinking more than $12 to about $5.15 per ...
US spot natgas prices rise for second straight day on cold              NEW YORK: US spot natural gas prices rose across the country for a second straight day on Wednesday, lifted by continued cold weather in much of the nation that has boosted near-term heating demand.   In addition, traders said forecasts for more cold next week in the western half of the country, stronger gas futures and a higher-than-normal number of nuclear power plant outages all helped keep momentum to the upside.   Gas for Thursday delivery on the Transco ...
Oil slumps with metals, sell stops triggered                 NEW YORK: Crude oil futures fell sharply on Wednesday, joining in a sell off hitting precious metals and copper, as selling accelerated amid market talk that a hedge fund was forced to liquidate substantial positions in commodities.   Oil entered into a steep decline just before 11 a.m. EST ( 1700 GMT), diving more than $2 per barrel over 20 minutes with several volumes spikes. Several traders cited rumors that a hedge fund had been forced to ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
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MonthlyAugust
Trade Balance $-2.807 bln
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WeeklyOctober 23, 2014
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