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US natgas futures down nearly 1 percent on warm forecast NEW YORK: US natural gas futures fell by nearly 1 percent on Monday on long-term forecasts for warmer weather after a long period of cold caused a spike in heating demand and threatened to strain supplies.Futures prices had been extremely volatile, gaining or losing at least 5 percent each day between Jan. 23 and Jan. 30 as arctic weather lead businesses and households to turn up the heat.The February 2014 contract expired on Wednesday, moving March, generally a warmer month, into the front-month contract and contributing to the fall in price.Private forecaster MDA Weather Services predicted colder than average temperatures to remain in much of the country before breaking in the 11- to 15-day range as warmer temperatures move in, primarily in the southern United States."The medium term forecasts are now starting to suggest that the extreme cold weather experienced this winter may be mostly behind us and thus a ...

Brent down slightly, pares losses on weather demand NEW YORK: Brent crude oil traded lower on Monday, but pared losses sharply following a rise in heating oil prices as cold weather in the US Northeast drove up demand. Oil futures remained broadly pressured by worries over emerging markets, weak factory data from China and expectations for lower demand as US refiners shift into maintenance season. A fresh round of snowfall fell on the US Northeast on Monday after several inches were dumped on ...
U.S. natgas futures close lower on warmer forecast NEW YORK: U.S. natural gas futures prices closed down by more than 1 percent on Friday on long-term forecasts for warmer weather as the market continued to pull back from Wednesday's 10 percent rally.The relatively small decline may signal an end to a volatile trading period. The front-month futures on the New York Mercantile Exchange have gained or lost at least 5 percent every day since Jan. 23, and jumped more than 10 percent higher ...
Ethanol RINs rally in Friday trading NEW YORK: Renewable identification numbers (RINs) rallied on Friday morning as traders bought up the biofuel blending credits, sending ethanol RINs as high as 48 cents each. The 48-cent trade, for 2013 compliance-year ethanol RINs, represents a 10-cent rise over Thursday's prices, when the credits traded for 38 cents each. Ethanol RINs for the 2014 compliance year traded in a similar range, traders said. The credits had traded under 40 cents ...
ExxonMobil profits fall as oil, gas output dips NEW YORK: US oil giant ExxonMobil Thursday said fourth-quarter earnings sagged under a drop in oil and gas production and major declines in its international refining and chemical businesses.Driving the 1.8 percent decline in oil and gas output was a slower-than-expected ramp-up of the Kearl Canadian oilsands project and a months-long outage at the massive Kashagan field in Kazakstan due to pipeline problems, said Exxon vice president David Rosenthal.Fourth-quarter earnings came in at $8.4 billion, ...
US oil prices edge lower on higher supplies NEW YORK: US oil prices slipped Wednesday after an unexpectedly large rise in US crude inventories.US benchmark West Texas Intermediate for delivery in March fell five cents to close at $97.36 a barrel on the New York Mercantile Exchange.European benchmark Brent oil for March delivery rose 44 cents to $107.85 a barrel in London.The US Department of Energy said US crude inventories rose by 6.4 million barrels in the week ending January 24. Analysts' consensus ...
Oil market dips as traders wait on Fed NEW YORK, Jan 27, 2014 (AFP) - More turbulence in global financial markets Monday helped press oil prices lower amid rising concerns for global economic growth.In New York the main contract, West Texas Intermediate crude for March delivery, dropped 92 cents to finish at $95.72 a barrel.London's benchmark, Brent North Sea crude for March, shed $1.19 to stand at $106.69 per barrel.Stocks continued to sink on Monday in Asia and Europe, and remained frail in ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
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MonthlyFebruary
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