August 3rd, 2012

Natural Gas Futures – Natural gas matched coal as the primary fuel for U.S. power generation this year for the first time since the government started collecting data.

The BGOV Barometer shows natural-gas fired plants provided 32 percent of generation in May, close to coal’s 34 percent share, after the two fuels were in a virtual tie in April, according to the Energy Information Administration. Low prices are benefiting power generators such as Calpine Corp. (CPN), the biggest U.S. producer of electricity from natural gas.

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July 27th, 2012

Natural-gas futures tumbled 3.1% to their lowest settlement price of the week as traders rushed to close out contracts for August delivery before they expired at the end of session Friday.

Natural gas futures for August delivery on the New York Mercantile Exchange settled 9.5 cents, or 3.1%, lower, at $3.010 a million British thermal units. The most-active September delivery settled down 7.5 cents, or 2.4%, at $3.015/mmBtu.

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July 3rd, 2012

Natural gas futures were higher during U.S. morning trade on Tuesday, hitting a four-day high as forecasts for extreme heat across key parts of the U.S. in the next two weeks boosted near-term demand expectations for the fuel.

On the New York Mercantile Exchange, natural gas futures for delivery in August traded at USD2.865 per million British thermal units during U.S. morning trade, jumping 1.45%.

It earlier rose by as much as 1.75% to trade at USD2.873 per million British thermal units, the highest since June 27.

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June 18th, 2012

Natural gas futures prices rose Monday, bouncing back above $2.50 per million British thermal units as investors keep watch for further signs of rising gas demand after last week’s price surge.

Natural gas for July delivery rose 4.7 cents, or 1.9%, to recently trade at $2.514/MMBtu on the New York Mercantile Exchange.

Gas futures appear ready to hold in to a tight range near $2.50 as traders weigh volatile near-term weather forecasts and try to gauge whether the sharp rally last week will hold until the next set of inventory data this week.

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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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February 7th, 2012

Natural gas futures rose Tuesday as the prospect of cooler weather, and increasing gas-fired heating demand, kept prices from turning lower.

Natural gas for March delivery rose 3.4 cents, or 1.3%, higher at $2.584 a million British thermal units on the New York Mercantile Exchange. The benchmark contract had risen as low as $2.618 in earlier trading.

Natural gas futures gained as forecasters are calling for a sustained bout of colder weather across the Northeast U.S., which should result in dropping inventories of gas as more consumers use the fuel for heating.

Commodity Weather Group on Tuesday said cooler-than-normal temperatures are now expected to last into early next week for the U.S. east coast, while the Midwest should stay cooler longer into next week as well.

A relatively mild winter for much of the U.S. has contributed to record inventories of natural gas. Last week, the Energy Department said U.S. stockpiles stood at 2.966 trillion cubic feet, 25% above the five-year average level for this time of year.

“A lack of significant cold is precluding the market from sustaining price rallies,” said Jim Ritterbusch, head of oil-trading advisor Ritterbusch and Associates, in a research report.

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