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Oil and Gas Coal and Consumable Fuels

  • TORONTO, Jan 18- Canada's main stock index slipped in early trade on Wednesday, weighed down by energy stocks as oil prices slid and by a slump in uranium miner Cameco Corp after it warned of a net loss and job cuts. The Toronto Stock Exchange's S&P/TSX composite index was down 42.55 points, or 0.28 percent, at 15,398.81 shortly after the open. Seven of its 10 main...

  • *OPEC output falls 221,000 bpd in December, led by Saudi, Nigeria. *Says early signs on non- OPEC compliance with oil cuts positive. "A continued normalisation of monetary policies, indicating improving economic conditions, together with the recent historic cooperation between OPEC and non- OPEC producers, should help to bring needed stability to the oil market,"...

  • The Saskatoon, Canada- based company said it expects to report a net loss for 2016 citing asset impairments resulting from fair market assessments at the end of the year. Cameco said it plans to reduce workforce at the McArthur River, Key Lake and Cigar Lake operations by 10 percent. "The current earnings expectations do... reflect the consequences of a continued...

  • NEW YORK, Jan 17- U.S. shale production is set to snap a three-month decline in February, the U.S. government said on Tuesday, as energy firms boost drilling activity with crude prices hovering near 18- month highs. In the Permian Basin in West Texas and eastern New Mexico, output is set to rise by 53,000 bpd to 2.180 million bpd, the data showed. U.S. crude futures were...

  • NEW YORK, Jan 17- U.S. shale oil production is expected to rise by 41,000 barrels per day in February to 4.748 million bpd as energy firms boost drilling with crude prices near 18- month highs, according to data from the U.S. Energy Information Administration on Tuesday. Permian output in West Texas and eastern New Mexico is set to rise by 53,000 bpd to 2.180 million...

  • WASHINGTON, Jan 11- The U.S. Interior Department on Wednesday recommended federal coal leasing reforms to ensure taxpayers receive the fair value of the fuel and account for its impact on climate change, but the incoming administration could derail those measures. Federal coal, primarily from Wyoming's Powder River Basin, accounts for more than 40 percent of...

  • The Australian government says the leap in iron ore prices is hitting the fence in 2017 and 2018.

    Iron ore prices staged a strong rally in 2016 but prices are expected to fall by a-third or more from current levels, the Australian government said.

  • *LNG and coal imports to rise in Japan, China and South Korea. Analyst forecasts and utility order books show rising LNG and coal purchases to meet the electric heating demand in North Asia's biggest energy consumers of China, Japan and South Korea and their economic hubs. Many people in Japan and South Korea use city gas for heating in their homes, "said Boseok Jin, an...

  • *Coal mines hope prices stay strong as output slow to rise. By Meng Meng and Josephine Mason. BEIJING, Jan 5- China's top coal miners have mostly resisted pressure from Beijing to sign long-term fixed-price deals this year, in a bet that there's more money to be made in the spot market before government efforts to ease a supply crunch take effect.

  • *China looking to shift away from coal energy. BEIJING, Jan 5- China will plough 2.5 trillion yuan into renewable power generation by 2020, the country's energy agency said on Thursday, as the world's largest energy market continues to shift away from dirty coal power towards cleaner fuels. Last month, the National Development and Reform Commission, the...

  • *China looking to shift away from coal energy. BEIJING, Jan 5- China will plow 2.5 trillion yuan into renewable power generation by 2020, the country's energy agency said on Thursday, as the world's largest energy market continues to shift away from dirty coal power towards cleaner fuels. Last month, the National Development and Reform Commission, the country's...

  • *China looking to shift away from coal energy. *Investment to create 13 mln jobs- NEA. BEIJING, Jan 5- China will invest 2.5 trillion yuan in renewable power generation between 2016 and 2020, the National Energy Administration said on Thursday, as the world's largest energy market pushes to shift away from coal power.

  • *Oman to reduce crude term volume in sign of OPEC cut compliance. LONDON, Dec 30- Oil prices are on track for their biggest annual gain since 2009 after the OPEC grouping and other major producers agreed to cut crude output to reduce a global supply overhang that has depressed prices for two years. The fall in prices due to oversupply, in part thanks to the U.S. shale oil...

  • WILMINGTON, Del., Dec 29- Peabody Energy Corp said on Thursday it extended a deadline for creditors to join financing deals aimed at bringing the largest U.S. coal miner out of bankruptcy amid growing creditor support for its plan of reorganization. Last week, Peabody unveiled its plan to eliminate more than $5 billion of debt and raise capital from creditors with...

  • WILMINGTON, Del., Dec 29- Peabody Energy Corp said on Thursday the deadline for creditors to join financing deals aimed at bringing the largest U.S. coal miner out of bankruptcy had been extended after large investors sued to slow the process. Last week, Peabody unveiled its plan to eliminate more than $5 billion of debt and raise capital from creditors with a $750...

  • WILMINGTON, Del., Dec 29- Peabody Energy Corp said on Thursday the deadline for creditors to join financing deals aimed at bringing the largest U.S. coal miner out of bankruptcy had been extended after large investors sued to slow the process. Last week, Peabody unveiled its plan to eliminate more than $5 billion of debt and raise capital from creditors with a $750...

  • NEW YORK, Dec 23- Donald Trump's call for an expansion of the United States' nuclear capabilities has shone a spotlight on a group of uranium stocks that has been battered over the past six years but have seen some new life since his presidential election victory. Canada's Cameco, one of the world's largest producers, is an exception in North America, with market...

  • CALGARY, Alberta, Dec 23- Canada's oil sands prospects were buoyed by recent pipeline approvals, but news of two companies ditching local projects on the same day served as a reminder that industry confidence is still weak. Ottawa last month approved the Kinder Morgan Inc Trans Mountain and Enbridge Inc Line 3 pipeline projects, a welcome boost to the industry,...

  • CHICAGO, Dec 22- Leading global coal producer Peabody Energy said on Thursday its main creditors support a plan to wipe more than $5 billion of debt from its balance sheet and exit the largest energy-related U.S. bankruptcy this year. Under a reorganization plan filed with the U.S. Bankruptcy Court in St. Louis, Peabody said it expects to cut its debt to $1.95...

  • HOUSTON, Dec 6- As oil prices recover and U.S. shale production picks up, energy companies that had planned to ship crude on the Dakota Access Pipeline will turn to rail, a transport method that poses its own risks to the environment and local communities. Sunday's decision by U.S. Army Corps of Engineers to deny Energy Transfer Partners an easement to complete the...