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Oil and Gas Coal and Consumable Fuels

  • WASHINGTON, Nov 4- Republican presidential nominee Donald Trump has won over the U.S. coal industry by promising to revive the downtrodden sector and scrap regulations if elected. But the industry has a Plan B if the New York businessman loses to his more green-minded Democratic rival Hillary Clinton on Tuesday: carbon capture and storage, a technology that...

  • SYDNEY, Nov 3- Australia's South32 said on Thursday it will pay $200 million to acquire Peabody Energy's Metropolitan coal mine in Australia amid a resurgence in demand for coal to make steel. Peabody, the biggest U.S. coal miner, filed for bankruptcy protection in April after a sharp drop in coal prices left it unable to service its $10.1 billion debt, much of it...

  • However, Cameco warned that the uranium market would remain depressed until Japan's nuclear reactors are restarted and excess supply is depleted, among other things. The 2011 Fukushima meltdown led to shutdowns of all of Japan's nuclear reactors, depressing the radioactive metal's price. Cameco reported a net profit of C $142 million, or 36 Canadian cents per...

  • SYDNEY, Nov 1- Glencore said on Tuesday it would restart a coking coal mine in southeastern Australia that was mothballed more than two years ago, with a resurgence in prices for the commodity breathing life into the sector. Less than a year after the coal industry was declared to be in terminal decline, markets for coal used to generate power and make steel have...

  • SYDNEY, Nov 1- Glencore said on Tuesday it would restart a coking coal mine in southeastern Australia that was shuttered more than two years ago, with a resurgence in prices for the commodity breathing new life into the sector. Less than a year after the coal industry was declared to be in terminal decline, markets for coal used to generate power and make steel have...

  • JAKARTA, Oct 31- Indonesia is offering three new unconventional oil and gas blocks on the islands of Sumatra and Kalimantan to potential bidders, an energy ministry official said on Monday. The assets on offer are one shale gas block in East Kalimantan, with potential resources of 7 trillion cubic feet of gas and 21 million barrels of oil, as well as two coalbed...

  • *Industry metals conference LME Week begins in London. MELBOURNE, Oct 31- London copper hit its highest in nearly three weeks on Monday on stronger than expected demand from China but was still set to close flat for the month, while aluminium tracked coal prices to push towards a stronger finish for a second month in a row. China's near-term copper outlook is...

  • *Industry metals conference LME Week begins in London. MELBOURNE, Oct 31- London copper hit its highest in nearly three weeks on Monday on stronger than expected demand from China but was still set to close flat for the month, while aluminum tracked coal prices to push towards a stronger finish for a second month in a row. China's near-term copper outlook is looking...

  • MELBOURNE, Oct 31- London copper hit its highest in more than two weeks on Monday on stronger than expected demand from China but was still set to close flat for the month, while a rally in coal prices pushed aluminium towards a stronger finish for a second month in a row. *Shanghai Futures Exchange copper held on to 0.8 percent gains at 38,410 yuan a tonne, and is up 1.5...

  • MELBOURNE, Oct 31- London copper hit its highest in more than two weeks on Monday on stronger than expected demand from China but was still set to close flat for the month, while a rally in coal prices pushed aluminum towards a stronger finish for a second month in a row. *Shanghai Futures Exchange copper held on to 0.8 percent gains at 38,410 yuan a tonne, and is up 1.5...

  • SINGAPORE/ LONDON, Oct 31- An unprecedented surge in coal prices in the past few months to more than double their June levels is a big fillip for Glencore and Noble, who are among the biggest traders of thermal coal, which is used to produce electricity. For Glencore, the boost would have been greater but for an ill-timed decision last year to sell 55 million tonnes of...

  • VANCOUVER, Oct 27- Teck Resources Ltd, North America's largest producer of steel-making coal, does not expect two months of surging coal prices to trigger a flurry of restarts by idled mines anytime soon, company officials said on Thursday. New supplies would take time to come to market, they said, noting that many shuttered mines, especially in the United States,...

  • SYDNEY, Oct 26- India's Adani Enterprises is preparing to start construction of a $7 billion coal mine in Australia in 2017 despite years of legal delays and rollercoaster coal prices, the conglomerate said on Wednesday. Progress on the giant project comes as Australia looks to potentially curb legal challenges to new mining developments following an...

  • *China to step up copper imports by year-end. MELBOURNE, Oct 26- Shanghai aluminum jumped 4 percent to its highest in more than two years on Wednesday, tracking higher coal prices, and a broader reaction to China's steel capacity cuts, along with an improving outlook for the global economy. said analyst Helen Lau of Argonaut Securities in Hong Kong.

  • *China to step up copper imports by year-end. MELBOURNE, Oct 26- Shanghai aluminium jumped 4 percent to its highest in more than two years on Wednesday, tracking higher coal prices, and a broader reaction to China's steel capacity cuts, along with an improving outlook for the global economy. said analyst Helen Lau of Argonaut Securities in Hong Kong.

  • MELBOURNE, Oct 26- Shanghai aluminum jumped 4 percent to its highest in more than two years on Wednesday, tracking higher coal prices, and a broader reaction to China's steel capacity cuts, along with an improving outlook for the global economy. said analyst Helen Lau of Argonaut Securities in Hong Kong. Shanghai Futures Exchange aluminum was trading up 4.2...

  • MELBOURNE, Oct 26- Shanghai aluminium jumped 4 percent to its highest in more than two years on Wednesday, tracking higher coal prices, and a broader reaction to China's steel capacity cuts, along with an improving outlook for the global economy. said analyst Helen Lau of Argonaut Securities in Hong Kong. Shanghai Futures Exchange aluminium was trading up 4.2...

  • TOKYO, Oct 25- Surging prices for coking coal will likely drive Japan's top two steel producers to miss their earnings forecasts for this financial year, but will help suppliers of the steelmaking ingredient such as Mitsubishi Corp, analysts said. Spot prices for premium hard coking coal in Australia, which dominates global exports, this week surged to over $245...

  • SHANGHAI, Oct 25- China stocks were slightly weaker on Tuesday, but hovered around nine-month highs, as a correction in infrastructure and transportation shares offset gains in coal miners. China's blue-chip CSI300 index dipped 0.2 percent, to 3,361.77 points at the end of the morning session, while the Shanghai Composite Index edged down 0.1 percent, to...

  • Share of renewables in energy mix is increasing: IEA

    With reductions in the price of solar energy and increased government support, renewables are becoming a larger part of the energy mix, says IEA's Fatih Birol.