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Oil and Gas Coal and Consumable Fuels

  • CALGARY, Alberta, Feb 24- Canada's energy sector has fallen out of favor with international oil majors, who are scaling back ambitions and walking away from reserves in the ground there to focus on lower-cost and higher-margin opportunities elsewhere. Billion-dollar bets on Canada's oil sands went sour this week for Exxon Mobil Corp and Conoco Phillips.

  • BILLINGS, Mont.— The Interior Department has put on hold changes to how the federal government values huge volumes of coal extracted from public lands, primarily in the Western United States, after mining companies challenged the agency in federal court. The changes, crafted under the administration of President Barack Obama, were aimed at ensuring companies...

  • CALGARY, Alberta, Feb 24- Canada's energy sector has fallen out of favor with international oil majors, who are scaling back ambitions and walking away from reserves in the ground there to focus on lower-cost and higher-margin opportunities elsewhere. Billion-dollar bets on Canada's oil sands went sour this week for Exxon Mobil Corp and Conoco Phillips.

  • BEIJING, Feb 24- China's securities industry association plans to revise rules on private bond sales to restrict issuance of them by property developers, steelmakers and coal producers, two sources with direct knowledge of the plan told Reuters on Friday. Under the revised rules, getting drafted by the Securities Association of China, property developers who...

  • CALGARY, Alberta, Feb 23- Most oil and gas firms in Canada's oil-rich Alberta, which cut costs following the crude crash in 2014, are looking to run even leaner, according to the author of a report from professional services firm EY released on Thursday. The western province of Alberta is home to Canada's vast oil sands deposits and is the top exporter of crude to the...

  • SYDNEY, Feb 23- The first attempt at an acquisition by Australia's South32 following its spinoff from BHP Billiton has raised competition concerns over control of the local coking coal market. Australia's chief competition regulator on Thursday said it was concerned South32's proposed $200 million acquisition of Peabody Energy's Metropolitan colliery...

  • A dump truck travels through the open pit at the Tavan Tolgoi coal deposit on Tsogtsetsii, Ömnögovi Province, Mongolia, on Friday, July 22, 2016.

    Coal miners operating in Mongolia are betting on China's massive "One Belt, One Road" program to access new markets.

  • The outlook for coal prices

    David Paull, MD of Aspire Mining, says commodity prices are driving the investment propositions for Mongolia.

  • SYDNEY, Feb 23- The first attempt at an acquisition by Australia's South32 following its spinoff from BHP Billiton has raised competition concerns with regulators over control of the domestic coking coal market. Australia's chief competition regulator on Thursday said it was concerned South32's proposed $200 million acquisition of Peabody Energy's...

  • CALGARY, Alberta, Feb 22- U.S. oil major Exxon Mobil Corp has revised down its proved crude reserves by 3.3 billion barrels of oil equivalent as a result of low oil prices throughout 2016, a company filing showed on Wednesday. The de-booking includes the entire 3.5 billion barrels of bitumen reserves at the Kearl oil sands project in northern Alberta, operated by...

  • KIEV, Feb 22- The Ukrainian central bank will take "anti-crisis measures" if a rail blockade in Ukraine's war-torn east continues, resulting in lost foreign exchange earnings, the head of the regulator told Reuters. On Monday, Ukraine's largest steel producer, Metinvest, said the blockade had forced it to halt production temporarily at one of its mills and several...

  • CALGARY, Alberta, Feb 21- ConocoPhillips Corp has revised down over a billion barrels of oil sands reserves because of low global crude prices, a company filing showed on Tuesday, the latest sign that some of Canada's vast hydrocarbon potential may be left untapped. Likewise Martin King, an analyst with GMP FirstEnergy in Calgary, said the debooking likely had...

  • CALGARY, Alberta, Feb 21- ConocoPhillips Corp has revised down over a billion barrels of oil sands reserves because of low global crude prices, a company filing showed on Tuesday, the latest sign that some of Canada's vast hydrocarbon potential may be left untapped. Likewise Martin King, an analyst with GMP FirstEnergy in Calgary, said the debooking likely had...

  • Broughton: If you look at the strength of the dollar it has historically led to lower rail volume

    Donald Broughton, Managing Director at Avondale Partners, has a “sell” rating on Norfolk Southern stock and tells viewers why.

  • BECKLEY, W.Va.— Coal companies owned by West Virginia Gov. Jim Justice still owe his cash-strapped state $4.4 million in unpaid taxes due at least a year ago, tax liens show. The liens, filed in Raleigh County where parent company Southern Coal Corp. has been based, show Kentucky Fuel owing $2.7 million through 2014 and Justice Energy owing $1.7 million.

  • President Donald Trump will reverse a handful of Obama-era environmental regulations in executive orders that could be signed as early as this week, the Washington Post reported, citing unnamed sources with knowledge of the orders. The orders will instruct the Department of the Interior to lift a ban on new coal mining leases on federal lands and will...

  • President Donald Trump will reverse a handful of Obama-era environmental regulations in executive orders that could be signed as early as this week, the Washington Post reported on Tuesday, citing unnamed sources with knowledge of the orders. The orders will instruct the Department of the Interior to lift a ban on new coal mining leases on federal lands and...

  • PRESIDENT TRUMP PREPARING EXECUTIVE ORDER TO LIFT COAL MINING BAN ON FEDERAL LANDS- WASHINGTON POST, CITING UNNAMED SOURCES.

  • his picture taken on December 14, 2012 from China's northeastern city of Dandong, looking across the border, shows a North Korean military officer (R) and a North Korea man (L) standing behind a pile of coal along the banks of the Yalu River in the northeast of the North Korean border town of Siniuju.

    A surprise announcement from Beijing last weekend that it had banned coal imports from North Korea is causing a fracas in China’s coal market.

  • Feb 17- U.S. shale producers are facing their first production cost increase in five years in 2017 as industry activity picks up and energy service providers hike fees to take a bigger share of the profits generated by higher oil prices. Drilling innovations over the past decade have generated a dizzying reduction in the cost of pumping oil from shale...