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Oil and Gas Coal and Consumable Fuels

  • *Russian oil major says U.S. shale growth imperils OPEC deal. NEW YORK, March 13- Oil prices were steady to soft after touching three-month lows on Monday, testing a slide that began last week when the market became less optimistic that OPEC's efforts to restrict output would reduce a global oil glut amid swelling U.S. supplies. Brent crude futures fell 6 cents to...

  • *Russian oil major says U.S. shale growth imperils OPEC deal. NEW YORK, March 13- Oil hovered around three-month lows on Monday, as rising inventories and drilling activity in the United States, the world's top energy consumer, offset optimism over OPEC's efforts to restrict crude output and reduce a global glut. Brent crude futures fell 7 cents to $51.30 a barrel by...

  • Chinese tourists wear masks as protection from the pollution outside the Forbidden City during a day of high pollution in Beijing, China.

    China's government is using worries about pollution to push for radical changes in the industrial and energy sectors. Investors may benefit.

  • *Rosneft sees "significant risk" OPEC won't extend cuts. MOSCOW, March 13- A recovery in U.S. oil output may deter OPEC and non- OPEC producers from extending production cuts beyond June and might lead to a new price war, Russia's top oil major said on Monday. Russia agreed to join OPEC supply curbs late last year despite initial opposition from Rosneft's boss Igor...

  • HOUSTON, March 10- Canadian Prime Minister Justin Trudeau on Friday dismissed a recent string of major oil companies selling their holdings in the heavy oil sands of Western Canada and moving investments to shale fields. He also said Canada and the United States are working on border issues, including migration and trade. Promoting both renewable and...

  • HOUSTON, March 10- Canadian Prime Minister Justin Trudeau on Friday dismissed a recent string of major oil companies selling their holdings in the heavy oil sands of Western Canada. "Businesses will make the decisions they make," he said. Royal Dutch Shell Plc and Marathon Oil Corp this week announced sales of operations that largely removed the two firms from the...

  • Then-Republican presidential nominee Donald Trump holds a sign supporting coal during a rally at Mohegan Sun Arena in Wilkes-Barre, Pennsylvania, on October 10, 2016.

    The Trump administration's war on regulation and reported cuts to agency budgets are obstacles to making clean coal a reality.

  • 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.