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Oil and Gas Coal and Consumable Fuels

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  • *But global production remains high, China's economy seen slowing. Front-month Brent crude futures were trading up 52 cents a $58.45 a barrel by 0332 GMT, while U.S. crude had risen 63 cents to $52.54. From a fundamental perspective however, supply from the Middle East is expected to remain high, with Saudi Arabia and Iraqi production on the rise, " JP Morgan said in a...

  • SINGAPORE, April 14- Crude prices rose on Tuesday after the U.S. Energy Information Administration said it expected U.S. shale oil output to record its first monthly decline in over four years. Front-month Brent crude futures were trading up 34 cents a $58.27 a barrel by 0106 GMT, while U.S. crude had risen 31 cents to $52.22. From a fundamental perspective however,...

  • NEW YORK, April 13- Oil production from the fastest-growing U.S. shale plays is set to fall some 45,000 barrels per day to 4.98 million bpd in May from April, the first monthly decline in over four years, projections from the U.S. Energy Information Administration showed on Monday. Oil production from the Permian Basin of West Texas and New Mexico were forecast to...

  • The biggest threat to coal Wednesday, 8 Apr 2015 | 12:43 PM ET
    The biggest threat to coal

    Coal has a lot of headwinds, says Goldman Sachs head of commodities Jeff Currie.

  • -Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, April 7- Coking coal prices are yet to show signs of bottoming with bearish signals from both contract talks between Australian producers and Japanese buyers as well as Chinese demand. Hard coking coal for second quarter delivery was settled at $109.50 a tonne free-on-board between producer BHP...

  • *Glencore, Tohoku set thermal coal price at $67.80/ T- sources. TOKYO, April 7- Mining group Glencore Xstrata Plc and Japan's Tohoku Electric Power Co have settled an annual Australian thermal-coal import contract 17 percent lower than a year earlier, sources with direct knowledge of the matter said on Tuesday. Glencore did not immediately respond to requests for...

  • April 1- CNX Coal Resources LP, Consol Energy Inc's thermal coal business formed as a master limited partnership, filed for an initial public offering with U.S. regulators on Wednesday, as Consol shifts focus to boosting natural gas production. Coal miners have been weighed down by a switch by U.S. utilities to cheaper natural gas from power-generating coal, and...

  • Consol Energy's thermal coal unit files for IPO Wednesday, 1 Apr 2015 | 7:29 AM ET

    April 1- CNX Coal Resources LP, Consol Energy Inc's thermal coal business formed as a master limited partnership, filed for an initial public offering with U.S. regulators on Wednesday. The filing had a nominal fundraising target of $250 million. The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees.

  • German cabinet imposes high barriers for fracking Wednesday, 1 Apr 2015 | 4:57 AM ET

    BERLIN, April 1- German Chancellor Angela Merkel's cabinet signed off on a draft law on Wednesday that imposes an effective ban on the controversial technique of fracking for shale gas. Opposition is strong in densely-populated Germany due to concerns about the contamination of drinking water. The new law will allow fracking for deep-lying or "tight" gas, a...

  • LONDON, March 31- Littlebrook power station, which towers grimly over the lower Thames near Dartford in Kent, ceases operations today after almost 35 years, the last of Britain's big oil-fired power plants to close. Now its closure marks the impact of higher oil prices and EU-wide policies, agreed by Britain's major political parties, to move away from fossil...

  • China to cut on-grid thermal power tariffs -state media Thursday, 26 Mar 2015 | 11:39 PM ET

    BEIJING, March 27- China will cut on-grid wholesale prices of thermal electricity, probably from the second quarter of the year, as coal prices tumble, state media said on Friday. The National Development and Reform Commission is seen cutting benchmark on-grid prices by an average of 0.015 yuan per kilowatt hour, the Xinhua News Agency-run Economic Information...

  • HOUSTON, March 26- Motiva Enterprises said on Thursday that operations at its Convent and Norco, Louisiana, refineries will be integrated to take advantage of increased production of lower-cost U.S. shale oil. Gas oil produced by the Convent refinery will go to the expanded hydrocracker and 112,000 bpd catalytic cracking unit at the Norco plant.

  • HOUSTON, March 24- Despite a 50 percent slide in crude prices since last summer, U.S. shale oil producers are enjoying remarkably easy access to capital markets and this will allow them to avoid getting squeezed when banks reset their loans in April. "Because the capital markets are so good companies that are more worried about their borrowing base are able to......

  • BECKLEY, W. Va., March 24- The former chief executive of Massey Energy Co pleaded not guilty on Tuesday to a revised federal indictment arising from a 2010 West Virginia coal mine explosion that killed 29 miners. The former chief executive, Donald Blankenship, entered his plea in U.S. District Court for the Southern District of West Virginia. Massey was acquired in...

  • March 23- The U.S. shale oil industry may have forever abandoned its heavy-spending ways in the face of sliding crude prices, Schlumberger Ltd, the world's No.1 oilfield services provider, said on Monday. Spending cuts already announced by producers- to the tune of 25 to 60 percent- have dropped the rig count by 45 percent since late 2014, and output will soon...

  • NEW DELHI, March 20- India's parliament passed two bills on Friday to auction mines that produce minerals such as coal, iron ore and bauxite, in a boost for Prime Minister Narendra Modi's bid to kickstart an industry that has languished for years. The Mines and Minerals Development and Regulation, and Coal Mines Special Provisions bills were seen as a test of the...

  • Canadian oil sands woes reach far-flung eastern shores Thursday, 19 Mar 2015 | 1:00 AM ET

    Cape Breton is another example how the 60 percent slide in oil prices since last June has rippled far and wide, affecting property markets in Alberta and North Dakota, helicopter sales in Houston, the Canadian dollar and national interest rates. Many young workers head to Fort McMurray in northern Alberta, lured by big paychecks awaiting at oil sands projects...

  • HOUSTON/ WILLISTON, N.D., March 18- With the prospect of another plunge in crude prices looming after two months of stability, U.S. shale oil producers may face another round of spending cuts to conserve cash and survive the downturn. "If I were an oil company today, I would talk about one thing: how far can you cut costs," said Fadel Gheit, an oil analyst at Oppenheimer in New...

  • LAUNCESTON, Australia, March 18- Should there be a debate about the efficiency and transparency of Asian's main thermal coal price indicator, the Newcastle index? The Newcastle weekly index, which underpins physical and paper trading, has jumped around this year, gaining almost 21 percent between a six-year low on Jan. 9 and a 2015 peak of $73.70 a tonne on Feb. 27.

  • Is renewable energy ready to disrupt fossil fuels? Tuesday, 17 Mar 2015 | 6:36 PM ET
    Indian workers install solar panels at the Gujarat solar park in Western India's Gujarat state.

    Prices of fossil fuels may be plumbing multi-year lows, but that's not likely to keep them from being displaced by renewable energy, analysts said.