Oil and Gas Coal and Consumable Fuels

  • *Canadian wildfire and Nigeria attacks add support. A wildfire that has shrunk Canadian oil sands crude production by a third and reports of a militant attack on a Chevron platform in Nigeria's oil-rich Niger Delta region also supported prices, analysts said. "The global surplus still exists and there is still a possibility that oil prices could retrace...

  • *Evacuated workers, citizens moved from north of Fort McMurray. NEW YORK, May 6- Canadian crude prices stabilized in thin trading on Friday following a two-day rally as a wildfire in northern Alberta kept nearly one-third of Canadian oil sands production shuttered, with no real clarity on when production would resume. "Clearly, while the disruptions last, they...

  • LONDON, May 6- Oil prices fell on Friday as investors cashed in on a 20- percent rise over the past month, outweighing the impact of crude production cuts in Canada where a huge wildfire has disrupted oil sands operations. "Currently prices are falling even with only few bearish fundamentals," said Frank Klumpp, oil analyst at Stuttgart- based Landesbank...

  • SINGAPORE, May 6- Oil prices fell on Friday, dragged down by a surging dollar and sliding Chinese commodities which at least temporarily outweighed crude supply disruptions in Canada as a result of a massive wildfire threatening its huge oil sands operations. International benchmark Brent crude futures were trading at $44.75 per barrel at 06.45 GMT, 26 cents...

  • SINGAPORE, May 6- Oil prices dipped on Friday, dragged down by a surging dollar that at least temporarily outweighed supply disruptions in North America, where a massive wildfire was threatening Canada's huge oil sands operations. International benchmark Brent crude futures were trading at $44.73 per barrel at 0400 GMT, 28 cents below their last settlement.

  • BEIJING, May 6- China will take stronger action against illegal coal projects as it tries to tackle a massive capacity glut in the sector, the country's state planning agency said, after ordering the closure of 38 projects. The National Development and Reform Commission had ordered the immediate closure of the projects for breaching industry policies, it said...

  • *Fort McMurray fire results in 690,000 bpd oil production cut. SINGAPORE, May 6- Oil prices were steady on Friday after a run up on supply disruptions, especially in the Americas, where wildfires continue to rage near Canada's huge oil sand fields, tightening a market suffering global oversupply. A massive fire around the Canadian oil city of Fort McMurray has...

  • BEIJING, May 6- China will take stronger action against illegal coal projects as it tries to tackle a massive capacity glut in the sector, the country's state planning agency said in a notice posted on Friday. The National Development and Reform Commission had ordered the immediate closure of 38 coal projects that breached industry policies, it said on its...

  • NEW YORK, May 5- Canadian crude prices rallied on Thursday as a raging wildfire in northern Alberta shuttered nearly one-third of the nation's oil sands production and closed some pipelines, raising concerns about temporary shortages of feedstock to U.S. refineries. The massive fire forced all 88,000 residents of Fort McMurray, home to thousands of oil sands...

  • TORONTO, May 5- Production cuts in Alberta's oil sands forced by a raging wildfire may cause Canadian growth to stall in the second quarter, economists warned, predicting this would help keep the central bank on hold and weigh on the Canadian dollar. At BMO Capital Markets, senior economist Robert Kavcic now expects no growth in the second quarter, having...

  • May 5- The wildfire that raged on Thursday in Fort McMurray in the heart of the Canadian oil sands region knocked out as much as a third of Canada's daily crude capacity and closed some pipelines. -Nexen Energy, a wholly owned subsidiary of China's CNOOC, said late on Wednesday that it was shutting its Long Lake oil sands facility. Long Lake can produce around 50,000...

  • The massive wildfire near Fort McMurray in Alberta has prompted companies, including Suncor Energy Inc and Shell Canada, to shutter nearly one-third of the nation's oil sands production and has closed key pipelines. Canadian Natural's production could go down to 70,000 barrels per day if the company's Horizon oil sands project- located just north of Fort...

  • *Wildfire razes Canadian oil town; some pipelines to U.S. shut Fighting in Libya escalates, disrupting supplies. NEW YORK, May 5- Oil prices jumped about 2 percent on Thursday, resuming their rally from last week, as a raging wildfire cut production from Canada's oil sands region and escalating Libyan violence raised more worries about immediate oil supplies than...

  • May 5- The wildfire that raged unchecked on Thursday in the city of Fort McMurray in the heart of the Canadian oil sands region knocked out as much as a third of the nation's daily crude capacity and closed some major pipelines. -Nexen Energy, a wholly owned subsidiary of China's CNOOC, said late on Wednesday that it was shutting its Long Lake oil sands facility.

  • TORONTO, May 5- Canada's main stock index rose on Thursday, snapping a three-day losing streak as higher oil prices supported energy stocks, while gold stocks also rallied. Gains for the index come one day after it fell to a two-week low of 13,570.02 as a wildfire cut production in Canada's oil sands region. U.S. crude prices rose 3.6 percent to $45.34 a barrel as...

  • *Fort McMurray evacuees told to head to oil sand camps. *Fighting in Libya escalates, disrupts supplies. LONDON, May 5- A wildfire threatening Canada's oil sands region and escalating tensions in Libya sparked concern among investors over a near-term supply shortage, driving crude oil prices up by 3 percent on Thursday.

  • *Fort McMurray evacuees told to head to oil sand camps. *Fighting in Libya escalates, disrupts supplies. LONDON, May 5- A huge wildfire near Canada's oil sands region and escalating tensions in Libya stoked concern among investors over a near-term supply shortage, driving crude prices up for the first time in a week on Thursday.

  • *Fighting in Libya escalates, disrupts supplies. SINGAPORE, May 5- Oil prices jumped on Thursday as a huge wildfire in Canada disrupted its oil sands production, while escalating fighting in Libya threatened the North African nation's output. Brent was pushed higher by escalating fighting in Libya.

  • *Fighting in Libya escalates, disrupts supplies. SINGAPORE, May 5- Oil prices jumped by more than one percent in early trading on Thursday as a huge wildfire in Canada disrupted its oil sands production, while escalating fighting in Libya threatened the North African nation's output. Brent was pushed higher by escalating fighting in Libya.

  • May 4- The wildfire that raged unchecked on Wednesday in the city of Fort McMurray in the heart of the Canadian oil sands region has disrupted oil company operations nearby. While oil sands facilities are not in the fire's path, a number of companies have curbed activities to allow workers and others to get to safety. -Royal Dutch Shell PLC Chief Financial Officer...