Oil and Gas Coal and Consumable Fuels

  • GRANGEMOUTH, Scotland, Sept 27- Britain's first shale gas delivery from the United States sailed into a heated European political debate on fracking on Tuesday and immediately ran into its first practical problem- the Scottish weather. Ineos is importing ethane, obtained from rocks fractured at high pressure, or "fracking", in a foretaste of larger deliveries of...

  • GRANGEMOUTH, Scotland, Sept 27- Britain's first shale gas delivery from the United States arrived to the sound of a lone piper on Tuesday morning as political debate about its controversial fracking method of extraction swirled both north and south of the Scottish border. Scotland's devolved government imposed a moratorium on fracking last year and...

  • LAUNCESTON, Australia, Sept 26- It appears that China is interpreting the "people's well-being" as meaning North Korea should be able to export record amounts of coal in defiance of sanctions against the rogue nuclear-armed state. China imported 2.465 million tonnes of coal from North Korea in August, the highest on record, and 61 percent above what was bought in...

  • Once Asia's top buyer of diesel, Indonesia's imports of the fuel slowed to a fraction of what it used to be with a plunge in coal prices over the past four years curbing mining activities. "Coal prices are getting higher so the miners are trying to speed up production," boosting demand for the fuel needed to power mining machinery, said a trader, who supplies diesel to...

  • LAUNCESTON, Australia, Sept 26- It appears that China is interpreting the "people's well-being" as meaning North Korea should be able to export record amounts of coal in defiance of sanctions against the rogue nuclear-armed state. China imported 2.465 million tonnes of coal from North Korea in August, the highest on record, and 61 percent above what was bought in...

  • The land deal is a blow to the Sioux and other protesters who claim the pipeline would damage ancient burial sites and pose an environmental risk to the tribe's water supply. When fully connected to existing lines, the 1,100- mile Dakota Access pipeline would be the first to carry crude oil from the Bakken shale, a vast oil formation in North Dakota, Montana and...

  • Donald Trump

    The candidate is hyping results and citing figures that economists who follow the oil and gas industry seriously doubt.

  • LONDON, Sept 20- Dividend yields at British mining companies have hit a five-year low just as cash flows in the sector improve, prompting some analysts to call for higher payouts as early as next year. A slump in demand in recent years, owing largely to China's economic slowdown, led to sharp drops in prices of coal and metals, leaving companies nursing heavy losses...

  • CALGARY, Alberta, Sept 16- Canadian producer BlackPearl Resources Inc is looking for a partner to develop its 80,000- barrel-per-day Blackrod oil sands project in northern Alberta, the company's chief executive told Reuters on Friday. The Calgary- based company received approval from the Alberta government to build the Blackrod thermal project late on...

  • *South Africa wants to mine uranium, not enrich it. LONDON, Sept 15- A massive nuclear tender in South Africa is open to all bidders prepared to manufacture locally and share technology, and Russia is not the frontrunner, the head of the country's nuclear agency said. After meetings between Russian President Vladimir Putin and South African President Jacob Zuma,...

  • LAUNCESTON, Australia, Sept 13- When the price of a commodity rises by 117 percent in a mere 15 weeks, it's generally a sign that something is amiss in the market, and coking coal's recent stellar run is no exception to this rule. The spot price of Australian premium hard coking coal has surged from $83.40 a tonne on May 31 to $180.90 on Sept. 9. In addition to the spot price...

  • LAUNCESTON, Australia, Sept 13- When the price of a commodity rises by 117 percent in a mere 15 weeks, it's generally a sign that something is amiss in the market, and coking coal's recent stellar run is no exception to this rule. The spot price of Australian premium hard coking coal has surged from $83.40 a tonne on May 31 to $180.90 on Sept. 9. In addition to the spot price...

  • BEIJING, Sept 13- China's coal output fell 11 percent in August to 278 million tonnes as producers respond to government efforts to cut overcapacity, although the pace of monthly declines has eased. The world's biggest energy user has deepened supply cuts in coal and steel this year, with Beijing aiming to cut 250 million tonnes of coal output in 2016 to slash...

  • BEIJING, Sept 13- China produced 278 million tonnes of coal in August, down 11 percent from a year ago, as producers responded to Beijing's clampdown on overcapacity, government data showed on Tuesday. Production in the first eight months reached 2.17 billion tonnes, down 10.2 percent from the same period last year, the National Bureau of Statistics said.

  • Arch had $485.5 million in self-bonds in Wyoming when it filed for bankruptcy protection in January, saddled with $6 billion of debt and a deep slump in the coal sector. Under a reorganization plan set for a confirmation trial in U.S. Bankruptcy Court in St. Louis on Tuesday, Arch must replace all of its self-bonds within 15 days of its bankruptcy exit plan becoming...

  • BEIJING, Sept 12- State-own media Xinhua News Agency:. *China's Henan province to offer 2.18 billion yuan funding this year to help steel and coal companies cut production. *Henan aims to cut annual coal capacity by 62.54 million tonnes and crude steel by 2.4 million tonnes over the 2016-2018 period.

  • *China fuel exports expected to soar later this year. Brent crude oil futures were down 53 cents to $47.48 a barrel by 0830 GMT, while U.S. "The idea that we will continue to bounce off the $50 per barrel handle is proving correct," said Matt Stanley, fuel broker, Freight Investor Services in Dubai, pointing to "the dynamic of shale oil" as the main factor pulling prices back...

  • *China fuel exports expected to soar later this year. "The idea that we will continue to bounce off the $50 per barrel handle is proving correct," said Matt Stanley, fuel broker, Freight Investor Services in Dubai, pointing towards "the dynamic of shale oil" as the main reason to have pulled prices back down. Oil's near six-percent price decline since Sept. 8 partly...

  • *Newcastle coal prices at $70 per tonne, Europe below $60. SINGAPORE, Sept 12- A 40- percent rally since June in prices for Australian thermal coal due to a jump in Chinese imports has pushed its premium over Europe to more than $10, offering miners with easy access to the Atlantic and Pacific basins opportunities for arbitrage. "If you're a Colombian miner, who can...

  • *Newcastle coal prices at $70 per tonne, Europe below $60. SINGAPORE, Sept 12- A 40- percent rally since June in prices for Australian thermal coal due to a jump in Chinese imports has pushed its premium over Europe to more than $10, offering miners with easy access to the Atlantic and Pacific basins opportunities for arbitrage. "If you're a Colombian miner, who can...