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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 by the project backed by the Haisla First Nation aboriginal group and Douglas Channel Gas Services Ltd.   No price was disclosed.   The project was the second to be awarded an LNG export license by Canadian regulators in 2011, behind one granted to the Kitimat LNG project proposed by Apache Corp and Chevron Corp.   A handful of other LNG projects have also been proposed for British Columbia's northern coast to supply Asian markets with gas from the province's massive ...

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 ...
Brent crude futures rise more than $1 NEW YORK: Brent crude futures rose more than $1 on Thursday, as an attack by Islamist militants on an Algerian gas plant and reports showing that US initial jobless claims fell last week and that housing starts jumped in December combined to boost oil prices.   Brent March crude was up $1 at $110.68 a barrel at 9:07 a.m. EST (1407 GMT), having traded from $109.45 to $110.80.   Copyright Reuters, 2013* ...
US crude stocks fall, products build NEW YORK: US crude oil inventories fell unexpectedly last week, while gasoline and distillate stocks rose less than forecast as refinery rates dropped, data from the Energy Information Administration showed on Wednesday.   Crude inventories fell 951,000 barrels in the week to Jan. 11, the EIA said in its weekly report. Analysts had forecast a 2.3-million-barrel crude build.   Stocks at the Cushing, Oklahoma crude storage hub rose 1.78 million barrels to a record high of 51.86 million barrels.   Distillate ...


Index Closing Chg%
Arrow DJIA 16,974.31 0.18
Arrow Nasdaq 4,549.23 0.33
Arrow S&P 1,982.30 0.14
Arrow FTSE 6,453.87 0.81
Arrow DAX 9,082.81 0.16
Arrow CAC-40 4,110.64 0.05
Arrow Nikkei 15,553.91 1.46
Arrow H.Seng 23,819.87 1.27
Arrow Sensex 27,098.17 0.81

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln