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Most US spot natgas slides, Cold lifts NY prices to 5-yr high NEW YORK: US spot natural gas prices slid on Wednesday at most price points for the first time in three sessions and only the second time in eight sessions, pressured by moderating weather in the South and West that curbed heating demand.   But with extreme cold still on the horizon for the Northeast, regional gas prices in New York rose to their highest level in five years.   With cold temperatures that topped out near just 20 degrees Fahrenheit on Wednesday and the same expected for Thursday, gas for delivery Thursday on the Transco pipeline at the New York City gate was the day's only gainer, jumping more than $12 on average to $35.50 per million British thermal units.   The average price was the loftiest average for New York gas since peaking at $38 in January 2008, according to Reuters data.   High trades were pegged at $43 for next-day delivery, with other New York prices ...

Colombian oil pipeline bombed after rebels lift ceasefire BOGOTA: Suspected FARC rebels detonated explosives along a section of an oil pipeline near Colombia's border with Ecuador, the state oil company said Monday.   The attack late Sunday came the same day the Revolutionary Armed Forces of Colombia ended a ceasefire it declared unilaterally two months ago as it began peace talks with the Colombian government in Havana.   A spokesman for Ecopetrol, the state-owned oil company, told AFP that the attack occurred in a section of the ...
Canadian LNG project finds buyer for its gas CALGARY: Golar LNG Ltd, which bills itself as one of the world's largest independent operators of liquefied natural-gas carriers, said on Monday it and LNG Partners LLC have agreed to buy all the output of the Douglas Channel LNG project, the first such contract for Canada's nascent LNG industry.   Golar said in a release that it and privately held LNG Partners will buy the 700,000 tonnes of LNG per year, beginning by mid-2015, to be produced ...
Shares, oil prices rebound on US budget talk NEW YORK: World equity and oil prices rebounded on Friday after Republican leaders of the US House of Representatives said they would seek to break a budget impasse next week, while the yen hit a 31-month low against the US dollar ahead of potential asset purchases by the Bank of Japan. On Wall Street, the Dow and the S&P 500 posted five-year closing highs after Republicans said the House will consider a bill to raise the ...
Oil prices rise on US, China demand hopes NEW YORK: Oil prices rose Friday as investors banked on greater demand following encouraging economic data in China and the United States.   New York's main contract, West Texas Intermediate for February, settled at $95.56 a barrel, up seven cents from Thursday's close.   Brent North Sea crude for delivery in March rose 79 cents, closing at $111.89 a barrel.   Crude oil prices were supported by positive economic news out of the world's two biggest crude oil consumers.   On the heels ...
Brazil oil regulator asks Petrobras to ramp up output SAO PAULO: Brazil's ANP oil regulator asked state-led Petrobras to increase production at one of its largest fields, increasing costs for the firm that already has the world's largest corporate spending program, ANP board meeting minutes showed.    Petrobras said in a statement published online on Friday that it has not been officially notified of the request from the ANP to make additional investments at its Roncador field.   Roncador, one of Brazil's biggest producing fields in the Campos ...
US natgas futures climb after big EIA storage draw NEW YORK: US natural gas futures held gains early Thursday, underpinned by a bullish weekly inventory report and prospects that fairly cold Northeast and Midwest weather for the next 10 days should force homeowners and businesses to turn up their heaters.   The US Energy Information Administration report showed total domestic gas inventories fell last week by 148 billion cubic feet to 3.168 trillion cubic feet.   Traders viewed the decline as bullish, noting it was well above the ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln