Oil and Gas Coal and Consumable Fuels

  • NEW DELHI, April 20- Developed countries should raise taxes on coal production to help raise money for a $100 billion- a-year fund that is supposed to help poorer countries tackle climate change but are short of cash, India's environment minister said on Wednesday. An agreement to finance the fund was a major part of the landmark Paris climate change accord...

  • BEIJING, April 18- China will reduce the number of statutory working days for its coal miners to 276 a year from 330 as it bids to tackle a chronic supply glut that has sapped prices, the country's work safety watchdog said on Monday. With demand on the wane and mining firms facing widespread losses, China plans to shut down 500 million tonnes of coal production...

  • Energy Information Administration estimates coal production to fall 16 percent in 2016, which would be the largest annual percentage decline since 1958.. April 13, 2016: World's biggest private-sector coal producer, Peabody Energy Corp, filed for U.S. bankruptcy protection after it was unable to service its $10.1 billion debt it incurred mostly for an...

  • CHICAGO, April 15- U.S. shale oil producer Goodrich Petroleum Corp said on Friday that it filed for Chapter 11 bankruptcy protection with a plan to eliminate $400 million in debt from its balance sheet while it rides out a slump in commodities markets. The Houston- based exploration and production company, which has shale assets in Texas, Louisiana and...

  • *Poland asks creditors to convert debt to equity. WARSAW/ BRUSSELS, April 15- For generations, the region of Silesia has been at the heart of Poland's love affair with coal as a source of pride and heroism. Election to Poland's top job has depended on maintaining coal's special national status and Prime Minister Beata Szydlo, a coal miner's daughter from Silesia,...

  • BEIJING, April 15- China produced 294 million tonnes of coal in March, down 4.5 percent from a year ago amid state-led efforts to restrict production and tackle a supply glut. Prices at the port of Qinhuangdao in Hebei province have gained 5.4 percent so far in 2016, suggesting that China's efforts to curb supplies are having an impact, although the values are...

  • CALGARY, Alberta, April 14- The Canadian crude-producing province of Alberta said on Thursday it will post a C $10.4 billion budget deficit this fiscal year and warned that a surplus might not return until 2024 as the oil price slump batters its economy. Alberta, home to Canada's oil sands and the No. 1 exporter of crude to the United States, has been hammered by a...

  • CALGARY, Alberta, April 14- The Canadian crude-producing province of Alberta said on Thursday it will post a C $10.4 billion budget deficit this fiscal year and warned that a surplus might not return until 2024 as the oil price slump batters its economy. Alberta, home to Canada's oil sands and the No. 1 exporter of crude to the United States, has been hammered by a...

  • April 13- Leading global coal producer Peabody Energy Corp filed for U.S. bankruptcy protection on Wednesday after a sharp drop in coal prices left it unable to service debt of $10.1 billion, much of it incurred for an expansion into Australia. The Chapter 11 bankruptcy filing from Peabody, the world's biggest private-sector coal producer, ranks among the...

  • CSX by the numbers

    Discussing the economics behind coal volumes, the freight environment and CSX earnings, with Chris Wetherbee, Citi senior research analyst. CSX revenues came in at $2.62 billion versus a $2.68 billion estimate.

  • Peabody Energy files for bankruptcy protection

    The world's largest privately owned coal producer can't service a recent debt-fueled expansion into Australia.

  • April 13- Peabody Energy Corp, the world's largest privately owned coal producer, filed for U.S. bankruptcy protection on Wednesday in the wake of a sharp fall in coal prices that left it unable to service a recent debt-fueled expansion into Australia. Peabody's Chapter 11 bankruptcy filing ranks among the largest in the commodities sector since energy and...

  • Peabody Energy, the world's largest privately owned coal producer, filed for U.S. bankruptcy protection on Wednesday.

  • April 13- Peabody Energy Corp, the world's largest privately owned coal producer, filed for U.S. bankruptcy protection on Wednesday in the wake of a sharp fall in coal prices that left it unable to service a recent debt-fueled expansion into Australia. The company listed both assets and liabilities in the range of $10 billion to $50 billion.

  • *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...