*Brent off 2016 high on OPEC output rise, demand concerns. LONDON, May 4- Oil steadied just below $45 a barrel on Wednesday pressured by expectations U.S. crude inventories will rise further from a record high, although reduced production in Canada's oil sands region lent support. Brent crude has fallen more than 7 percent from a 2016 high hit on Friday in response to...
SINGAPORE, May 4- Oil prices edged up on Wednesday as an uncontrolled wildfire near Canada's oil sands region reduced production there, but overall markets were weighed down by slowing economic growth in Asia and the United States. Wednesday's higher prices followed two trading sesssions that added up to a nearly 7 percent fall for Brent and a 5 percent drop for...
"This announcement confirms that all of the banks are hardly out the other side, but considering this bank's geographic exposure, it is proportionately more exposed," CIBC World Markets Corp analysts wrote in a note. Alberta, home to Canada's oil sands and the No. 1 exporter of crude to the United States, has been hammered by the plunge in crude prices.
NEW DELHI, May 3- Plans by India's coal monopoly to buy billions of dollars of new machinery and outsource work are facing resistance from powerful unions worried about job losses, in a potential blow to Prime Minister Narendra Modi's promise to bring electricity to all. The increase turned coal shortages at India's power plants to oversupply, making it one of...
KITAKYUSHU, Japan, May 2- Countries that plan to build coal-fired power plants need to reassess their energy strategy because such facilities may not be a viable investment, the head of the International Renewable Energy Agency said on Monday. Many industry analysts see natural gas and renewables as the biggest growth sectors in energy, yet most Asian...
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.
The world's largest privately owned coal producer can't service a recent debt-fueled expansion into Australia.
Peabody Energy, the world's largest privately owned coal producer, filed for U.S. bankruptcy protection on Wednesday.
Weaker-than-expected demand has hit the once-buoyant liquefied natural gas (LNG) market, but the slump is attracting new customers.
CNBC's Jim Cramer weighs in on the undercurrent of commodity prices, and potential bidders for Yahoo.
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.
The commodities giant aims to raise as much as $1.1-billion by selling the Hunter Valley rail business.
The Switzerland-based commodities producer and trader hopes to fetch as much as $1.1 billion for its GRail business.
CNBC's Morgan Brennan reports coal producer Peabody Energy could file for bankruptcy, and the "Fast Money Halftime Report" traders look at the future for other companies in the energy space.
Chinese coal miners have taken to the streets in a city near the Siberian border to protest against unpaid wages, the FT reports.
The Motley Fool Singapore's David Kuo says China has to firmly decide on whether it wants to be a market-led economy or command-led communist country.
Can Chinese authorities manage the industrial and manufacturing slowdown while maintaining social stability? CNBC's Eunice Yoon has more on the coal miners protest.
The country aims to tackle industrial overcapacity and curb pollution.
Sanford Bernstein's David Vernon talks about what's driving railroad stocks and coal concerns.
The country works to reduce industrial overcapacity and curb pollution.