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Oil and Gas Coal and Consumable Fuels

  • July 27- Canada's Cameco Corp, the world's second-largest uranium producer, said on Thursday it had settled a U.S. tax dispute for a fraction of the original claim, which may bode well for the company's multi-billion-dollar battle with the Canada Revenue Agency. Cameco will pay the U.S. Internal Revenue Service $122,000 for its 2009 through 2012 taxation years,...

  • TORONTO, July 27- Canada's main stock index gained on Thursday as major gold miner Barrick Gold Corp and a string of other companies reported better-than-expected earnings and oil producer Cenovus Energy Inc turned a profit. Barrick, the world's largest gold miner by production, rose 4.5 percent to C $21.08, as investors cheered the news it had produced more...

  • NEW YORK/ HOUSTON, July 27- U.S. refineries are producing more fuel than ever as they seek to meet rising demand- from overseas, rather than the drivers on nearby roadways. Last year, the U.S. became the world's top net exporter of fuel, an outgrowth of booming domestic production since the shale oil revolution started in 2010. That's a fundamental shift from the...

  • SINGAPORE, July 27- Noble Group is slimming down drastically to its core Asian coal-trading business, but that may not be enough to revive its fortunes due to a staff exodus, shrunken balance sheet and debts of more than $3 billion, analysts and industry sources say. Once Asia's largest commodities trading house, Singapore- listed Noble is a shadow of what it was...

  • NEW YORK/ HOUSTON, July 27- U.S. refineries are producing more fuel than ever as they seek to meet rising demand- from overseas, rather than the drivers on nearby roadways. Last year, the U.S. became the world's top net exporter of fuel, an outgrowth of booming domestic production since the shale oil revolution started in 2010. That's a fundamental shift from the...

  • July 26- Whiting Petroleum Corp, the largest oil producer in North Dakota's Bakken shale region, on Wednesday posted a second-quarter loss and slashed its 2017 budget by 14 percent to to $950 million. The company posted a net loss of $66 million, or 18 cents per share, compared to a net loss of $301 million, or $1.33 per share, in the year-ago period.

  • *Nigeria agrees to join push to rein in output. SINGAPORE, July 26- Oil prices firmed on Wednesday to hold near eight-week highs hit in the previous session, on expectations of a drawdown in U.S. stocks and as a rise in shale oil production shows signs of slowing. The market has been buoyed by Saudi Arabia's announcement at a meeting of the Organization of the...

  • SINGAPORE, July 26- Oil prices firmed on Wednesday to hold near eight-week highs hit in the previous session, on expectations of a drawdown in U.S. stocks and as a rise in shale oil production shows signs of slowing. Brent crude futures rose 32 cents, or 0.6 percent, to $50.52 a barrel by 0142 GMT, after rallying more than 3 percent on Tuesday. The market has been buoyed by...

  • SINGAPORE, July 26- Oil prices firmed on Wednesday to hold near eight-week highs hit in the previous session, on expectations of a drawdown in U.S. stocks and as a rise in shale oil production shows signs of slowing. Brent crude futures rose 32 cents, or 0.6 percent, to $50.52 a barrel by 0142 GMT, after rallying more than 3 percent on Tuesday. The market has been buoyed by...

  • *Anadarko cuts capital budget by $300 million. *OPEC to tackle some members' compliance with output deal. NEW YORK, July 25- Oil rose 3.3 percent on Tuesday to the highest close in more than a month, a day after U.S. oil producer Anadarko said it would cut capital spending plans and Saudi Arabia vowed to reduce crude exports to help curb global oversupply.

  • *Anadarko cuts capital budget by $300 million. *OPEC to tackle some members' compliance with output deal. NEW YORK, July 25- Oil rose 3.3 percent on Tuesday, the highest close in more than a month, a day after U.S. oil producer Anadarko said it would cut capital spending plans and Saudi Arabia vowed to reduce crude exports to help curb global oversupply.

  • *Anadarko cuts capital budget by $300 million. *OPEC to tackle some members' compliance with output deal. London, July 25- Oil rose around 3 percent on Tuesday, a day after U.S. oil producer Anadarko said it would cut capital spending plans and Saudi Arabia vowed to reduce crude exports to help curb global oversupply.

  • *Gains driven by China demand, weather. *China to continue capacity cuts but not as rigorously. Recent gains are largely due to high demand in China, where power consumption has jumped more than 6 percent since the beginning of the year.

  • BEIJING, July 24- China's coal imports from Mongolia and Russia rose in June as utilities and steel mills sought out less expensive raw materials even as the government tried to curb purchases of foreign fuel. Since mid-February the two nations have helped fill a supply gap caused by China's ban on coal from North Korea. In the first half of the year, imports from...

  • North Korean leader Kim Jong Un reacts during a ballistic rocket test-fire through a precision control guidance system.

    North Korea's economy grew at its fastest pace in 17 years in 2016, South Korea's central bank said Friday, despite international sanctions.

  • LONDON, July 18- U.S. oil and gas exploration and production companies are drilling new wells faster than they can be fractured and hooked up to gathering systems, creating a growing backlog of drilled but uncompleted oil and gas wells. By June, the number of drilled but uncompleted oil and gas wells across the seven largest shale plays had topped 6,000, according...

  • BUENOS AIRES, July 18- Argentina's state-run oil firm YPF SA, France's Total SA, Wintershall Energía SA and BP unit Pan American Energy LLC announced a $1.15 billion joint investment on Tuesday to increase shale gas production. The investment is the largest specific project announcement since March in Vaca Muerta, one of the world's largest shale formations,...

  • BUENOS AIRES, July 18- Argentina's state-run oil firm YPF SA, France's Total SA, Wintershall Energía SA and BP unit Pan American Energy LLC announced a $1.15 billion joint investment on Tuesday to increase shale gas production. The investment is the largest specific project announcement since March in Vaca Muerta, one of the world's largest shale formations,...

  • Workers install solar panels at East Kentucky Power Cooperative’s 60-acre solar farm near Winchester, Kentucky. The farm will feature 32,300 panels capable of producing 8.5 megawatts of electricity.

    Kentucky is a front in the "war on coal," but the state is investing in renewable energy as a key part of its economic future.

  • LONDON, July 18- U.S. oil and gas exploration and production companies are drilling new wells faster than they can be fractured and hooked up to gathering systems, creating a growing backlog of drilled but uncompleted oil and gas wells. By June, the number of drilled but uncompleted oil and gas wells across the seven largest shale plays had topped 6,000, according...