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US natgas futures end up nearly 4pc on more cold              NEW YORK: US natural gas futures rose nearly 4 percent on Tuesday, lifted by the return of weekday industrial demand after the long Presidents Day holiday weekend and by forecasts for continued cold weather in consuming regions of the nation.   "The natural gas market is staging a price recovery as updated temperature forecasts point to above average heating demand through the week ending March 8," said Citi Futures energy specialist Tim Evans.   Thomson Reuters Natural Gas Analytics data showed heating degree days over the next two weeks were "significantly above normal," especially for the western two-thirds of the country.   Degree days are a measure of departure in the mean daily temperature from 65 degrees Fahrenheit (18 degrees Celsius) and are used to estimate demand to heat or cool homes and businesses.   In addition, nuclear power plant outages remained well above normal, boosting near-term demand.   But some traders expect bloated inventories and the impending end of ...

Oil rises, following US equities higher              NEW YORK: Oil prices rose on Tuesday as traders grew bullish amid a rally in US stock markets, even as US pipeline bottlenecks and European economic concerns threatened to weigh on oil markets.   US crude for March delivery rose 80 cents to settle at $96.66 a barrel. The March contract expires on Wednesday.   The S&P 500 stock index rose by about 0.6 percent on Tuesday. US equities indices are hovering near five-year highs on prospects for quicker ...
US natgas futures edge higher early on colder forecasts NEW YORK: US natural gas futures edged higher early on Wednesday, rising for a second straight day amid continued cold weather in consuming regions of the nation.   In addition, forecasts for more cold in the West next week and nuclear power plant outages that remain well above normal were keeping momentum to the upside.   But some traders expect bloated inventories and the impending end of winter to add some weight to the downside.   As of 9:06 a.m. EST ...
Oil prices rise on forecasts for stronger demand NEW YORK: US oil prices rose again Tuesday, backed by forecasts for stronger demand as the market awaited Wednesday's weekly US oil inventory report.   A barrel of West Texas Intermediate for delivery in March settled at $97.51, up 48 cents compared with the level on Monday.   In London, a barrel of the European benchmark Brent crude traded at $118.66, up 53 cents from Monday.   The jump in oil prices came as the Organization of Petroleum Exporting Countries revised ...
US natgas futures slip for 3rd day as temps turn milder NEW YORK: Front-month US natural gas futures lost ground for a third straight day on Monday, pressured by forecasts for milder weather in the Northeast and Midwest early this week, which should slow demand for gas used to heat homes and businesses.   Despite a blizzard that pounded the Northeast over the weekend, traders noted that winter was winding down and few expected much upside in prices. Inventories remain high, production is at or near an all-time ...
US oil rises as spread with Euro benchmark narrows NEW YORK: US oil prices jumped Monday as the spread between US and European oil contracts receded from a recent peak.   West Texas Intermediate settled on the New York Mercantile Exchange at $97.03 a barrel, up $1.31 compared with the Friday level.   In London, Brent North Sea crude for delivery in March closed at $118.13 a barrel, down 77 cents from Friday.   Bart Melek, an analyst at TD Securities, said traders concluded that last week's surge in Brent ...
US gasoline surges nearly 25 cents/gallon in past 2 weeks NEW YORK: The average price in the United States for a gallon of regular gasoline rose nearly 25 cents in the past two weeks, up steadily since December as refineries passed along their costs, a widely followed survey released on Sunday showed.   Gasoline prices averaged $3.5918 per gallon on Feb. 8, up 24.75 cents from Jan. 25, said Trilby Lundberg, editor of the Lundberg Survey.   "The amount of change is very big," Lundberg said.   "The wholesale price increases ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln