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Oil and Gas Coal and Consumable Fuels

  • Donald Trump holds a sign supporting coal during a rally at Mohegan Sun Arena in Wilkes-Barre, Pennsylvania, on October 10, 2016.

    Market watchers anticipating drastic changes in energy regulations under Donald Trump should temper their expectations, Kevin Book says.

  • ST. LOUIS, Jan 19- Peabody Energy Corp, the world's largest private-sector coal producer, is squaring off in court with shareholders who claim their stock should not be wiped out in the company's $8 billion Chapter 11 bankruptcy, given a rise in prices for the fuel. Shareholders led by hedge fund Mangrove Partners hope to prove at a hearing in St. Louis on Thursday...

  • *Data shows China exceeded targets for reducing 2016 output. BEIJING/ SHANGHAI, Jan 19- The new year has ushered in a new round of capacity cuts as China tries to combat excess in its bloated steel and coal sectors, but the moves are a drop in the ocean in the nation's long struggle to make its heavy industry more efficient. For years, Beijing has been seeking to cut the...

  • TORONTO, Jan 18- Canada's main stock index fell on Wednesday as energy stocks weighed with a fall in oil prices and as uranium producer Cameco Corp plunged on a negative outlook. "The drop today certainly looks like an over-exaggeration to their announcement," said Michael Sprung, president at Sprung Investment Management Inc.. An interest rate cut remains on the...

  • *OPEC output falls 221,000 bpd in December, led by Saudi, Nigeria. *Says early signs on non- OPEC compliance with oil cuts positive. "A continued normalisation of monetary policies, indicating improving economic conditions, together with the recent historic cooperation between OPEC and non- OPEC producers, should help to bring needed stability to the oil market,"...

  • TORONTO, Jan 18- Canada's main stock index fell on Wednesday as energy stocks weighed with a fall in oil prices and uranium producer Cameco Corp plunged on a negative outlook. Goldcorp Inc advanced 1.2 percent to C $20.01 and First Quantum Minerals Ltd rose 1.4 percent to C $17, with gold just off an eight-week high and copper steadying after a sharp fall in the...

  • TORONTO, Jan 18- Canada's main stock index slipped in early trade on Wednesday, weighed down by energy stocks as oil prices slid and by a slump in uranium miner Cameco Corp after it warned of a net loss and job cuts. The Toronto Stock Exchange's S&P/TSX composite index was down 42.55 points, or 0.28 percent, at 15,398.81 shortly after the open. Seven of its 10 main...

  • *OPEC output falls 221,000 bpd in December, led by Saudi, Nigeria. *Says early signs on non- OPEC compliance with oil cuts positive. "A continued normalisation of monetary policies, indicating improving economic conditions, together with the recent historic cooperation between OPEC and non- OPEC producers, should help to bring needed stability to the oil market,"...

  • The Saskatoon, Canada- based company said it expects to report a net loss for 2016 citing asset impairments resulting from fair market assessments at the end of the year. Cameco said it plans to reduce workforce at the McArthur River, Key Lake and Cigar Lake operations by 10 percent. "The current earnings expectations do... reflect the consequences of a continued...

  • NEW YORK, Jan 17- U.S. shale production is set to snap a three-month decline in February, the U.S. government said on Tuesday, as energy firms boost drilling activity with crude prices hovering near 18- month highs. In the Permian Basin in West Texas and eastern New Mexico, output is set to rise by 53,000 bpd to 2.180 million bpd, the data showed. U.S. crude futures were...

  • NEW YORK, Jan 17- U.S. shale oil production is expected to rise by 41,000 barrels per day in February to 4.748 million bpd as energy firms boost drilling with crude prices near 18- month highs, according to data from the U.S. Energy Information Administration on Tuesday. Permian output in West Texas and eastern New Mexico is set to rise by 53,000 bpd to 2.180 million...

  • WASHINGTON, Jan 11- The U.S. Interior Department on Wednesday recommended federal coal leasing reforms to ensure taxpayers receive the fair value of the fuel and account for its impact on climate change, but the incoming administration could derail those measures. Federal coal, primarily from Wyoming's Powder River Basin, accounts for more than 40 percent of...

  • The Australian government says the leap in iron ore prices is hitting the fence in 2017 and 2018.

    Iron ore prices staged a strong rally in 2016 but prices are expected to fall by a-third or more from current levels, the Australian government said.

  • *LNG and coal imports to rise in Japan, China and South Korea. Analyst forecasts and utility order books show rising LNG and coal purchases to meet the electric heating demand in North Asia's biggest energy consumers of China, Japan and South Korea and their economic hubs. Many people in Japan and South Korea use city gas for heating in their homes, "said Boseok Jin, an...

  • *Coal mines hope prices stay strong as output slow to rise. By Meng Meng and Josephine Mason. BEIJING, Jan 5- China's top coal miners have mostly resisted pressure from Beijing to sign long-term fixed-price deals this year, in a bet that there's more money to be made in the spot market before government efforts to ease a supply crunch take effect.

  • *China looking to shift away from coal energy. BEIJING, Jan 5- China will plough 2.5 trillion yuan into renewable power generation by 2020, the country's energy agency said on Thursday, as the world's largest energy market continues to shift away from dirty coal power towards cleaner fuels. Last month, the National Development and Reform Commission, the...

  • *China looking to shift away from coal energy. BEIJING, Jan 5- China will plow 2.5 trillion yuan into renewable power generation by 2020, the country's energy agency said on Thursday, as the world's largest energy market continues to shift away from dirty coal power towards cleaner fuels. Last month, the National Development and Reform Commission, the country's...

  • *China looking to shift away from coal energy. *Investment to create 13 mln jobs- NEA. BEIJING, Jan 5- China will invest 2.5 trillion yuan in renewable power generation between 2016 and 2020, the National Energy Administration said on Thursday, as the world's largest energy market pushes to shift away from coal power.

  • *Oman to reduce crude term volume in sign of OPEC cut compliance. LONDON, Dec 30- Oil prices are on track for their biggest annual gain since 2009 after the OPEC grouping and other major producers agreed to cut crude output to reduce a global supply overhang that has depressed prices for two years. The fall in prices due to oversupply, in part thanks to the U.S. shale oil...

  • WILMINGTON, Del., Dec 29- Peabody Energy Corp said on Thursday it extended a deadline for creditors to join financing deals aimed at bringing the largest U.S. coal miner out of bankruptcy amid growing creditor support for its plan of reorganization. Last week, Peabody unveiled its plan to eliminate more than $5 billion of debt and raise capital from creditors with...