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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 Reuters poll estimate of 136 bcf and the third straight week that the inventory draw exceeded expectations.   Traders said stronger than expected demand recently may reflect a structural, permanent growth in gas use this year, likely driven by utilities switching away from coal to cheaper gas for power generation.   "The withdrawal was above the consensus estimate, at the top end of the range. Relative to our own weather-based modeling, this confirms a tightening of the background supply/demand ...

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 ...
US spot natgas rises for second day on weekday demand, cold NEW YORK: US spot natural gas prices rose across the nation for a second straight session on Monday, boosted by the return of weekday industrial demand and colder weather on tap for consuming regions of the nation starting this week.   The Weather Channel's weather.com said a cold front would sweep across the Northeast early this week, with temperatures behind the front dropping by 20 degrees into the high 30s or 40s Fahrenheit from West Virginia to ...
US gas prices rise 6 cents; first time since October: survey NEW YORK: The average price for a gallon of regular gasoline in the United States rose in the last three weeks for the first time since early October, as US refineries passed on the cost of higher crude oil prices, according to a widely followed survey released on Sunday.   Gasoline prices averaged $3.3247 per gallon on Jan. 6, up 6.68 cents from Dec. 21, said Trilby Lundberg, editor of the Lundberg Survey.   Prices had declined for the ...
US gas futures rise 2pc NEW YORK: US natural gas futures rose more than 2 percent early on Friday, boosted in a second straight day of short-covering ahead of some late-month cold weather.   Thursday's much larger-than-expected drawdown from winter inventories the biggest in about two years also kept momentum to the upside, traders said.   As of 9:58 a.m. EST (1458 GMT), front-month February gas futures on the New York Mercantile Exchange were at $3.267 per million British thermal units, up 7.4 cents, ...
US gas futures climb after bullish EIA inventory report  NEW YORK: Front-month US natural gas futures held gains on Thursday after three straight losing sessions, backed by a government report showing a weekly inventory withdrawal well above market expectations.   The US Energy Information Administration report showed domestic gas inventories fell last week by 201 billion cubic feet to 3.316 trillion cubic feet.   Traders viewed the draw as bullish, noting it was well above the Reuters poll estimate of 186 bcf, the year-ago decline of 90 bcf ...

 



 
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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 $-2.807 bln
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WeeklyOctober 23, 2014
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