×

Oil and Gas Coal and Consumable Fuels

  • CALGARY, Alberta, March 9- The exodus of international players from Canada's costly oil sands is raising fresh doubt over future development prospects for the world's third-largest crude reserves as the region struggles to compete with cheap U.S. shale plays. The energy sector makes up one-sixth of Canada's economy. Canada's main crude-producing province...

  • CALGARY, Alberta, March 9- The exodus of international players from Canada's costly oil sands is raising fresh doubt over future development prospects for the world's third-largest crude reserves as the region struggles to compete with cheap U.S. shale plays. The energy sector makes up one sixth of Canada's economy. Canada's main crude-producing province...

  • CALGARY, Alberta, March 9- The exodus of international players from Canada's costly oil sands is raising fresh doubt over future development prospects for the world's third-largest crude reserves as the region struggles to compete with cheap U.S. shale plays. The energy sector makes up one sixth of Canada's economy, while in Alberta oil and gas contributes a...

  • *Saudis warn executives OPEC won't take hit for more shale supply. HOUSTON, March 9- Senior Saudi energy officials told top independent U.S. oil firms in a closed-door meeting this week that they should not assume OPEC would extend output curbs to offset rising production from U.S. shale fields, two industry sources told Reuters on Thursday.

  • *Saudis warn executives OPEC won't take hit for more shale supply. HOUSTON, March 9- Senior Saudi energy officials told top independent U.S. oil firms in a closed-door meeting this week that they should not assume OPEC would extend output curbs to offset rising production from U.S. shale fields, two industry sources told Reuters on Thursday.

  • The company, which also has interests in iron ore, said headline earnings per share jumped to 1,302 South African cents last year from 457 cents in 2015.. A gross final cash dividend of 410 cents was declared, up from the 85 cents per share paid out last year. Shares in Exxaro were down 1.45 percent at 112,235 rand by 1032 GMT.

  • HOUSTON, March 9- U.S. shale oil producers are plotting ambitious production growth outside the red-hot Permian Basin in Texas, widening a resurgence that could confound OPEC's strategy to tighten global supplies. As shale firms rebound from a two-year price war with OPEC, many are planning to expand production in North Dakota, Oklahoma and other shale regions.

  • MELBOURNE, March 9- The rise of wind and solar power in Australia was supposed to be the death knell for coal use in the world's biggest exporter of the fossil fuel, but the shunned fuel is finding a new lease of life and may yet attract subsidies to keep the lights on. Supplies are set to tighten with France's Engie SA closing Australia's dirtiest power station,...

  • *Nickel prices to ease in 2017 as Indonesia resumes exports-BMI. *Coming Up: China trade data at 0200 GMT. China unexpectedly posted a rare trade deficit in February as imports surged far more than expected to feed a months-long construction boom, driven by commodities from iron ore and copper to crude oil and coal.

  • By Shu Zhang and Matthew Miller. BEIJING, March 8- A $1.44 billion restructuring deal at an insolvent coal mining company in eastern Shandong province offers a glimpse into how China is preparing to tackle a corporate debt burden that has ballooned to $17.9 trillion. Loss-making Feicheng Mining Group struck the deal last December with 10 banks, led by...

  • *Argentina shale development decision in 18 months. By Ron Bousso and Ernest Scheyder. The Anglo-Dutch company plans to make shale oil and gas in the United States, Canada and Argentina a key engine of growth in the next decade, targeting output of around 500,000 barrels of oil equivalent per day, Greg Guidry told Reuters in an interview.

  • *Russia, Iraq say too early to discuss extending output cut. LONDON, March 7- Oil prices firmed on Tuesday but stayed in a tight range, with investors seeking a clearer direction from inventory data and comments from oil officials as rising U.S. shale output offset OPEC production cuts. Capping any upsurge has been an increase in U.S. shale oil drilling after WTI rose...

  • Concerns over rising U.S. shale oil output have been offsetting the impact of production cuts agreed by the Organisation of the Petroleum Exporting Countries and some non- OPEC members to curb a global crude oversupply. Russia and Iraq said on Monday it was too early to discuss if the pact by OPEC and non- OPEC members should be extended beyond May.

  • Under a deal announced on Monday, Peabody said it had arranged for $1.26 billion in third-party bonds and $14.5 million in a state bond pool in Indiana, one of the states where it held self-bonds, to fully satisfy its financing requirements. It's also another example of how credit markets and banks seem to be more willing to open up their books to coal companies, "...

  • TORONTO, March 6- Canada's Cameco Corp, the world's second-biggest uranium producer, is exploring the sale of its U.S. production facilities, its chief executive said on Monday, as a six-year industry slump drags on. Cameco, which has been cutting costs and curbing production, is in the early stages of evaluating the sale of its mines in Wyoming and Nebraska, but also...

  • HOUSTON, March 6- Norwegian oil producer Statoil ASA expects its U.S. shale operations to be profitable within two years at crude prices of $50 per barrel, an improvement helped by simplifying operations, technological improvements and cost cuts. "Our business clearly makes sense in a $50 environment," Reitan said Monday on the sidelines of the CERAWeek...

  • PSEG CEO: Border tax would add another burden on what is already a burden

    PSEG CEO Ralph Izzo weighs in on tax reform, the future of nuclear power, coal and infrastructure.

  • *China cutting more excess capacity in coal and steel industries. SHUANGYASHAN, China, March 6- After protests by unpaid coal miners made headlines around the world last year as China's parliament was meeting, a $15 billion assistance fund offered by the ruling Communist Party became a symbol of the government's need to ensure social stability.

  • *China cutting overcapacity in coal and steel industries. SHUANGYASHAN, China, March 6- After protests by unpaid coal miners made headlines around the world last year as China's parliament was meeting, a $15 billion assistance fund offered by the ruling Communist Party became a symbol of the government's need to ensure social stability. China is pledging to cut...

  • LONDON, March 2- U.S. crude oil production appears to be rising strongly thanks to increased shale drilling as well as rising offshore output from the Gulf of Mexico. Production averaged almost 9 million barrels per day in the four weeks to Feb. 24, according to the latest weekly estimates published by the Energy Information Administration.