Oil and Gas Coal and Consumable Fuels

  • *ChinaCoal Group unit does not specify source of funds. SHANGHAI, April 12- A unit of state-owned ChinaCoal Group said on Tuesday it will pay off principal and interest on overdue commercial debt on Wednesday in full, without specifying the source of its funds. ChinaCoal Group Shanxi Huayu Energy Co Ltd failed to pay 637.7 million yuan in principal and interest on...

  • Weaker-than-expected demand has hit the once-buoyant liquefied natural gas (LNG) market, but the slump is attracting new customers.

  • Cramer: Coal is ending

    CNBC's Jim Cramer weighs in on the undercurrent of commodity prices, and potential bidders for Yahoo.

  • April 11- Nearly two years into an epic oil rout, U.S. shale drillers that have upended global energy markets are finally feeling a credit squeeze as banks make their biggest cuts yet to their loans. Just a few weeks into the current round of talks more than a dozen companies have had their loans cut by a total of $3.5 billion, equivalent to a fifth of available credit,...

  • CHARLESTON, W.Va., April 6- Former Massey Energy Chief Executive Don Blankenship was sentenced to a year in prison and fined $250,000 on Wednesday for his role in a 2010 West Virginia coal mine explosion that killed 29 workers. Blankenship, known as West Virginia's "king of coal" for his rags-to-riches background and tough approach to business, was given the...

  • CHARLESTON, W.Va., April 6- Former Massey Energy Chief Executive Don Blankenship was sentenced to a year in prison and fined $250,000 on Wednesday for his role in a 2010 West Virginia coal mine explosion that killed 29 workers. Blankenship, known as West Virginia's "king of coal" for his rags-to-riches background and tough approach to business, was given the...

  • Ex-Massey CEO sentenced after mine accident

    After a deadly mine explosion in 2010, Former Massey Energy CEO Don Blankenship has been sentenced to the maximum twelve months in prison and a $250,000 fine, reports CNBC's Sue Herera.

  • But the Vancouver- based company does not plan to add a partner before next year, said Chief Executive Officer Leigh Curyer, a former executive with Uranium One Investments Inc. The company estimated on March 3 an initial resource at its Arrow deposit in northern Saskatchewan of 202 million pounds, much larger and higher-grade than expected.

  • March 31- Peabody Energy Corp, the largest U.S. coal producer, said it would lay off about 235 employees at a mine in the Powder River basin, two weeks after the company flagged bankruptcy risk. The reductions affect about 15 percent of the workforce at the North Antelope Rochelle mine in the basin straddling Montana and Wyoming, the company said on Thursday.

  • March 31- Peabody Energy Corp, the largest U.S. coal producer, said it would lay off about 235 employees at a mine in the Powder River basin, two weeks after the company flagged bankruptcy risk. The reductions affect about 15 percent of the workforce at the North Antelope Rochelle mine in the basin which straddles Montana and Wyoming, the company said on Thursday.

  • LONDON, March 23- New commodities trading company Javelin Global Commodities is aiming to ramp up its coal trading activities to grab market share vacated by retreating banks and utilities. Javelin hopes to boost its coal trading volumes to between seven and eight million tonnes in 2016, from the three million tonnes traded in the company's first six months...

  • *China to cut capacity in coal, steel, nonferrous metals, cement. BEIJING, March 23- China's campaign to slim down its bloated industries could be derailed by more than $1.5 trillion of debt in its steel, coal, cement and non-ferrous metal sectors, which threatens to overwhelm local banks. The debt figures, revealed in papers submitted to China's parliament this...

  • *Says growth in Australia coal supply has tapered. MELBOURNE, March 22- New Hope Corp, Australia's top independent coal producer, sees signs the Asian thermal coal market has bottomed out, with prices expected to creep up over the medium term. New Hope said growing ship queues at the port of Newcastle were a positive signal, showing demand remained firm for...

  • CALGARY, Alberta, March 21- The Alberta Energy Regulator said on Monday it is implementing additional requirements at Canadian Natural Resources Ltd's Primrose oil sands project after concluding excessive steaming caused a 6,648- barrel bitumen emulsion leak in 2013.. Bitumen emulsion- a mixture of bitumen, sand and water- was discovered oozing to the...

  • CALGARY, Alberta, March 21- The Alberta Energy Regulator said on Monday it is implementing additional requirements at Canadian Natural Resources Ltd's Primrose oil sands project after concluding excessive steaming caused a 6,648 barrel bitumen emulsion leak in 2013.. Bitumen emulsion- a mixture of bitumen, sand and water- was discovered oozing to the...

  • CALGARY, Alberta, March 21- The Alberta Energy Regulator said on Monday it is implementing additional requirements at Canadian Natural Resources Ltd's Primrose oil sands project after concluding excessive steaming caused a 6,648 barrel bitumen seep in 2013..

  • *Expectation of more U.S. shale gas output adds pressure. LONDON, March 21- Oil prices recovered from early losses on Monday as the market digested news of a modest rise in. Brent crude futures were 2 cents lower at $41.18 a barrel by 1105 GMT, having risen from a session low at $40.48, while U.S. futures eased by 53 cents to $38.91.

  • Glencore putting Australian coal train fleet on the block

    The commodities giant aims to raise as much as $1.1-billion by selling the Hunter Valley rail business.

  • MELBOURNE, March 17- Glencore and five other miners backing the world's most expensive coal port in Australia face extra annual charges of A $150 million after the restructuring of one of their partners this month, the latest to buckle under slumping commodity prices. The additional charge will deal a blow to the remaining backers of the A $2.6 billion Wiggins...

  • An employee walks past coal washing flotation cells, manufactured by Jameson Cells, a unit of Glencore Xstrata

    The Switzerland-based commodities producer and trader hopes to fetch as much as $1.1 billion for its GRail business.