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May 31st, 2012
Natural gas futures edged higher Thursday, snapping a four-day losing streak, after the U.S. government said gas inventories rose broadly in line with expectations.
Natural gas futures for July delivery settled 0.4 cents, or 0.2%, higher at $2.422 a million British thermal units on the New York Mercantile Exchange.
Futures began the session lower, falling to as low as $2.377/MMBtu, before reversing course in the hours after the 10:30 a.m. EDT inventory data. They extended their gains after the government also said natural-gas production in March fell to the lowest level since October.
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May 22nd, 2012
Commodity Brokers – Mehul Choksi sees his jewelry business one day joining LVMH Moet Hennessy Louis Vuitton SA (MC) and Cartier among the biggest names in luxury goods.
Choksi is chairman and managing director of Gitanjali Gems Ltd. (GITG), India’s biggest diamond and gold-jewelry retailer by sales. He has accumulated 70 brands and more than 4,000 retail outlets worldwide as rising incomes in China and India, the two fastest-growing major economies, spur consumer demand.
“The largest luxury player will emerge to be in India and China in five to 10 years’ time, and certainly we will attempt to be one,” Choksi, 53, said in an interview at his headquarters in Mumbai’s Bandra-Kurla Complex, where he has an open-air fashion show ramp to display the company’s collections.
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May 21st, 2012
Natural gas futures remained lower near midday on Monday hit by profit-taking after last week’s sharp gains, but signs of a tighter supply-and-demand balance and extended forecasts for warmer weather limited the downside.
Natural gas futures prices gained 9 percent last week and are still up 17 percent so far this month, amid signs that record production was finally slowing while demand picked up as more electric utilities switch from coal to cheaper gas to generate power.
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May 3rd, 2012
Natural gas futures rose Thursday as U.S. gas inventories posted a smaller build than normal for this time of year, slowing the rapid rise in domestic gas supplies.
Natural gas for June delivery rose 9.3 cents, or 4.1%, to recently trade at $2.347 a million British thermal units on the New York Mercantile Exchange.
U.S. stockpiles rose by 28 billion cubic feet in the week ending April 27, raising total U.S. inventories to 2.576 trillion cubic feet, according to weekly data from the U.S. Energy Information Administration.
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April 30th, 2012
Natural gas futures surged higher Monday, adding to a week-long rally on hopes that prices near decade lows have prodded U.S. gas producers to curtail ouput.
Natural gas futures for June delivery rose 9.9 cents, or 4.5%, to $2.285 a million British thermal unit on the New York Mercantile Exchange after a government report showed February U.S gas production posted the largest drop in a year.
The output decline, which comes after January production hit a record high, offered some ammunition to bullish gas investors that believe prices may have hit a bottom in mid-April when futures settled at $1.907/MMBtu.
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