Oil and Gas Coal and Consumable Fuels

More

  • WASHINGTON, Feb 9- The U.S. Supreme Court on Tuesday delivered a major blow to President Barack Obama by blocking federal regulations to curb carbon dioxide emissions from power plants, the centerpiece of his administration's strategy to combat climate change. The states, led by coal producer West Virginia and oil producer Texas, and several major business...

  • CALGARY, Alberta, Feb 9- Faced with record low prices for heavy crude, Canadian energy companies are sacrificing other parts of their business to keep higher-cost oil sands production going and safeguard the billions already invested in these multi-decade projects. Although the move to support higher-cost production seems counterintuitive, oil sands...

  • Spot prices of uranium, used to make fuel for nuclear power production, have been depressed since the 2011 Fukushima disaster in Japan, which led to the shutdown of all reactors in that country, generating burdensome stockpiles globally. Its stock plunged more than 5 percent in Toronto and New York around midday. Contracting looks to significantly pick up in...

  • *South Africa looks to India to maintain record exports. CAPE TOWN, Feb 5- South Africa is hoping to boost coal exports to India after shipping a record 75.4 million tonnes of coal last year, industry officials said on Friday, as a drop in exports from rival Indonesia opens up the chance to grab market share. A drop in Indonesian exports to India, which imported around...

  • LONDON, Feb 5- Even as millions of barrels of oil are pumped at a loss at current prices, only a fraction of the production has been shut, industry research group Wood Mackenzie said on Friday. Just 100,000 bpd out of the 96.1 million bpd of oil pumped worldwide have been closed so far since the price plunge, most of it in Canada's oil sands, conventional U.S. projects and...

  • HOUSTON, Feb 3- The latest blow to the energy industry's collective psyche has been inflicted by National Oilwell Varco Inc, with the giant oilfield equipment maker warning the pace of drilling and fracking will only slow further as 2016 drags on. A 70 percent drop in crude prices since mid-2014 has affected not only National Oilwell Varco but dozens of others...

  • HOUSTON, Feb 3- The latest blow to the energy industry's collective psyche has been inflicted by National Oilwell Varco Inc, with the giant oilfield equipment maker warning the pace of drilling and fracking will only slow more as 2016 drags on. A 70 percent drop in crude prices since mid-2014 has affected not only NOV but dozens of others throughout North...

  • 3 Reasons for Union Pacific's earnings miss: CEO

    Union Pacific CEO Lance Fritz talks about his company's earnings miss which he attributes in part to what he calls an "energy recession."

  • China's coal industry faces uncertain future

    CNBC's Eurnice Yoon reports uncertainty in China's coal industry could have ripple effects throughout the Chinese economy as the country pledges to reduce pollution.

  • 2015’s top-performing metal is…

    Heard of uranium? It is this year’s top-performing mining commodity. Colin Hamilton, head of commodities research at Macquarie, discusses why he thinks it will outperform in 2016 as well.

  • A Chinese man walking on a street wears a mask amid heavy smog in Beijing, China on December 25, 2015. Hazardous smog blanketing China's north-east has sparked more red alerts, with authorities advising residents in 10 cities to stay indoors.

    More than 220 flights at Beijing's airport were canceled Friday as pollution caused poor visibility, China's official Xinhua news agency reported.

  • It's been a perfect storm for oil markets: ANZ

    Oil markets are hurting due to strong supply and lower economic growth, particularly in Asia, and the price adjustment has yet to take place, notes Daniel Hynes, senior commodity strategist at ANZ.

  • China miners grit teeth over coal downturn

    With coal prices down and demand weak, Qiu Zhijie, owner of Yongshun mine in Inner Mongolia, says "the more coal I sell, the more money I lose everyday."

  • Will China be able to wean itself off fossil fuels?

    The coal industry that has been China's lifeblood now faces a cloudy future, as authorities vow to reduce carbon emissions.

  • India's coal field has been burning for 100 years

    The Jharia coal field is home to some of the longest-burning fires in the world.

  • Excavators take a break as fire and smoke spew out of the ground in one of the coal mines in Jharia. Jharia in India's eastern Jharkand state is literally in flames.

    India's largest and most productive coal fields are also home to the largest collection of some of the longest-burning coal fires in the world.

  • Coal still key to many economies: World Coal Association CEO

    Benjamin Sporton, CEO of the World Coal Association, says clean coal will be a key part of many countries’ climate change action plans.

  • This environmental advocate is very optimistic about COP21

    More than 180 countries have already made firm commitments to cut carbon emissions, says Barbara Finamore, Asia director of the China program at the Natural Resources Defense Council.

  • China and the U.S. are the world's two biggest users of coal and together account for almost half of all the world's CO2 emissions.

  • $100 oil coming back: Strategist

    Emad Mostaque of consulting company Ecstrat makes the case for triple-digit crude in an interview with Mandy Drury.