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Oil and Gas Coal and Consumable Fuels

  • WASHINGTON, Nov 18- Most of the U.S. coal industry doubts Donald Trump can fulfill his promise to make the ailing industry great again in a country awash in dirt-cheap natural gas, a competing fuel. "This is the best news that Appalachia as a whole has had in about 10 years," said Jason Bostic, a vice president at the West Virginia Coal Association, referring to Trump's...

  • CHICAGO, Nov 17- West Virginia's environmental regulator sued Alpha Natural Resources Inc's former management on allegations of fraud on Wednesday, saying top executives should be held accountable for an unusual $100 million funding gap that has emerged just three months after the U.S. coal producer exited bankruptcy. Alpha said in a Nov. 3 court filing it had...

  • The company forecast 2017 cash operating costs at its oil sands operations of C $24- C $27 per barrel, below its 2016 forecast of C $25.50- C $27.50. The Fort Hills oil sands mining project is located in Alberta's Athabasca region, about 90 kilometers north of Fort McMurray, and is expected to produce oil by the end of 2017.. The Hebron oil field, located offshore...

  • *China allows miners to increase coal output. SINGAPORE, Nov 17- A wave that has lifted some coal prices to more than double in the last six months may be about to ebb away, turned back by China's move to loosen the restrictions on domestic mining that first triggered the fuel's rise. It was a Beijing move earlier this year to cap domestic mining to cut excess capacity...

  • *China allows miners to increase coal output. SINGAPORE, Nov 17- A wave that has lifted some coal prices to more than double in the last six months may be about to ebb away, turned back by China's move to loosen the restrictions on domestic mining that first triggered the fuel's rise. It was a Beijing move earlier this year to cap domestic mining to cut excess capacity...

  • BOGOTA, Nov 16- Colombia's coal output rose 17.6 percent to 23.4 million tonnes in the third quarter, the Energy and Mining Ministry said in a statement on Wednesday. The Andean nation, the world's fifth-largest coal exporter, produced 19.9 million tonnes in the same period a year ago, the ministry said. The biggest players in Colombia's coal industry are Drummond...

  • Coal is excavated.

    The International Energy Agency sees U.S. coal companies cutting capacity in the next five years.

  • Robert E. Murray, CEO Murray Energy Corp

    Robert Murray says Donald Trump's task will be difficult, but he's got to do it soon.

  • MARRAKESH/ FRANKFURT, Nov 16- Renewable energy will keep growing in the next few years as costs drop and coal use continues to fall, despite U.S. President-elect Donald Trump's pledge to revive the fossil fuel, investors and analysts said. "It is important to remember that not all renewable energy companies are exposed to the U.S. market and there are still...

  • LONDON, Nov 16- U.S. shale oil producers will increase their output if oil prices hit $60 a barrel, meaning OPEC will have to walk a fine line if it curtails production to prop up prices, the head of the International Energy Agency said. OPEC members are due to meet in Vienna at the end of the month to push through the first output limiting deal since 2008..

  • LONDON, Nov 15- European shares climbed higher in early trading on Tuesday, helped by energy stocks tracking a rally in crude oil prices and bond-proxy sectors such as utilities rebounding following a slight drop in yields. The oil and gas index rose 0.4 percent after oil prices rose around 2 percent on expectations of falling shale output and renewed optimism...

  • *Investors hope OPEC curbs will come later this month. SINGAPORE, Nov 15- Oil prices rose around 2 percent on Tuesday to move away from multi-month lows struck the day before, pushed higher by expectations of falling shale output and renewed optimism that OPEC will deliver on touted production cuts. "News of Qatar, Algeria and Venezuela leading the push for the OPEC...

  • *Investors hope OPEC curbs will come later this month. SINGAPORE, Nov 15- Oil prices rose around 2 percent on Tuesday to move away from multi-month lows struck the day before, pushed higher by expectations of falling shale output and renewed optimism that OPEC will deliver on touted production cuts. "Headlines around increasing OPEC production remained...

  • SINGAPORE, Nov 15- U.S. oil prices rose on Tuesday to move away from a nearly two-month low struck the day before, pushed higher by expectations of falling shale output and renewed optimism that OPEC will deliver on touted production cuts. "Headlines around increasing OPEC production remained prevalent, although the focus switched to final diplomatic efforts...

  • LONDON, Nov 14- President Barack Obama's administration has been blamed for the closure of a record number of coal-fired power plants across and heavy job losses in the mining industry. Since the current administration began in January 2009, more than 400 coal-fired power units have closed across the United States and around 33,000 coal-mining jobs have...

  • *Beijing urging reopening of mines to curb price rally. BEIJING, Nov 14- China's October coal output fell 12 percent compared with a year earlier, data showed on Monday, even after the government gave operators the go-ahead to ramp up output and reopen mines in a bid to top up power producers' inventories ahead of winter. "As the government rolled out the policy to push...

  • BEIJING, Nov 14- China's October coal output fell 12 percent compared with a year earlier, data showed on Monday, even after the government gave operators the go-ahead to ramp up output and reopen mines in a bid to top up power producers' inventories ahead of winter. For the first 10 months of the year so far, China produced 2.74 billion tonnes of coal, down 11 percent...

  • BEIJING, Nov 14- China's coal production fell 12 percent on year to 281.85 million tonnes, the National Bureau of Statistics said on Monday.

  • *China CESCO industry week in Shanghai next week. MELBOURNE, Nov 11- London copper stretched a week of frenzied gains into Friday, stampeding towards its strongest weekly close since 1980 after Donald Trump's surprise U.S. election victory set off a fierce round of fund buying backed by a view of improving fundamentals. Gains came amid a widespread rally in steel,...

  • *China demand seen around 5-7 pct for 2016- Citi. MELBOURNE, Nov 11- London copper was on track for its biggest weekly rally in over 35 years on Friday as hopes of U.S. infrastructure spending on Donald Trump's election win and firming demand from China drag metals out of a years-long bear market. Copper has been pushed higher by a surge in China steel and coal prices, as...