Oil and Gas Coal and Consumable Fuels

  • BRUSSELS, Sept 30- U.S. shale gas will displace a growing portion of the world's expanding energy demand, cutting into the need for oil products from refineries, BP's head of refining economics said on Friday. Natural gas liquids from the U.S. shale boom such as ethane, an alternative to naphtha refined from crude, could feed as much as a third of demand growth in 2017,...

  • NEW YORK, Sept 30- On a routine check of a surface coal mining facility in rural Alabama early this month, inspector Randall Aldridge first smelled gasoline. Then he saw dead plants and animals along a man-made pond that helps the region manage heavy rain. Aldridge happened upon a leak on the main fuel artery to the U.S. East Coast known as the Colonial Pipeline, in...

  • *Japan nuclear industry hobbled by shutdowns after Fukushima. TOKYO, Sept 29- Three Japanese conglomerates are in talks to combine their loss-making domestic nuclear fuel operations, people with direct knowledge of the matter said, as the outlook for restarts of reactors following the Fukushima nuclear crisis remains bleak. Only three of Japan's 42 reactors...

  • HOUSTON, Sept 29- It was a moment U.S. shale oil producers have been waiting on for more than two years: OPEC nations finally agreed to cut production on Wednesday in a move that lifted low prices ravaging their budgets. U.S. benchmark crude rose more than 5 percent to $47 a barrel on the news, pending final details about the cut, which won't be known until after another...

  • HOUSTON, Sept 29- It was a moment U.S. shale oil producers have been waiting on for more than two years: OPEC nations finally agreed to cut production on Wednesday in a move that lifted low prices ravaging their budgets. U.S. benchmark crude rose more than 5 percent to $47 a barrel on the news, pending final details about the cut, which won't be known until after another...

  • *Japan nuclear industry hobbled by shutdowns after Fukushima. TOKYO, Sept 29- Three Japanese conglomerates are in talks to combine their loss-making domestic nuclear fuel operations, a person with direct knowledge of the matter said, as the outlook for restarts of reactors following the Fukushima nuclear crisis remains bleak. Public opposition as well as...

  • CHEYENNE, Wyo.— A state environmental review board voted Wednesday to allow Wyoming's first major coal mine in decades to proceed despite the objections of another coal company. Kentucky- based Ramaco's relatively small Brook Mine would buck that trend but has faced opposition from another company and a ranch. The Wyoming Environmental Quality Council voted...

  • 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...