×

Oil and Gas Coal and Consumable Fuels

  • TORONTO/ VANCOUVER, Feb 15- Canadian miner Teck Resources Ltd reported a better-than-expected quarterly profit on Wednesday, lifted by a surge in the price of coal for steelmaking, but weaker demand at the start of the year spooked investors, sending its shares lower. The Lunar New Year holidays also crimped demand in Asia. Shares of the Vancouver- based company,...

  • TORONTO, Feb 15- Canadian miner Teck Resources Ltd reported a better-than-expected quarterly profit on Wednesday, lifted by a surge in the price of coal for steelmaking, but said weaker demand in recent weeks was eroding prices and sales. Shares of the Vancouver- based company, which also mines copper, gold and silver, were down 4.3 percent at C $31.27 in early...

  • NEW YORK, Feb 14- Oil prices pared gains after the settlement Tuesday, as evidence of surging U.S. crude oil stockpiles underscored concerns that shale production might limit the effectiveness of an OPEC- led effort to cut global output. Brent crude traded at $55.73 a barrel at 4:39 p.m. Eastern, off the settlement of $55.97 a barrel, which was up 38 cents but well...

  • NEW YORK, Feb 14- Oil settled slightly higher on Tuesday, as rising supply from U.S. shale output limited enthusiasm about an OPEC- led effort to cut global output. Brent crude settled 38 cents higher at $55.97 a barrel, well off the session high of $56.46 a barrel. The Organization of the Petroleum Exporting Countries and other exporters including Russia have...

  • NEW YORK, Feb 13- U.S. shale oil production for March is expected to rise by the most in five months to its highest rate since May last year, government data showed on Monday, as energy companies boost drilling on the back of crude prices that are hovering over $50 a barrel. March oil production is forecast to rise by nearly 79,000 barrels per day to 4.87 million bpd,...

  • *Solid demand from China, SEAsia underpinning market. SINGAPORE, Feb 10- Many a swan song has been sung for thermal coal markets as renewable power generation and a push towards using more natural gas have gained traction. "We are pleased to see the improvement in thermal coal market dynamics on the back of supply cuts in China and sustained demand," said Febriati...

  • SINGAPORE, Feb 10- Many a swan song has been sung for thermal coal markets as renewable power generation and a push towards using more natural gas have gained traction. This year, strong demand growth in Asia's emerging markets will create a supply shortfall for the first time in at least half a decade. Consumption could even soon rise past the 2014 peak, according...

  • Schuylkill County, Pennsylvania coal mine operator Ettore DiCasimirro runs one of the few surviving mines in the area, once a prosperous coal region.

    The Appalachian region — which President Donald Trump carried handily — could lose more than 1,000 coal mining jobs in the next two years.

  • MEG, whose key operations are in the Athabasca oil sands region in Alberta, said net operating costs fell 3.3 percent to C $8.24 per barrel in the fourth quarter. MEG's net loss widened to C $305 million or C $1.34 per share, for the quarter from C $297 million, or C $1.32 per share, a year earlier. Excluding items, the Calgary, Alberta- based company lost 32 Canadian cents...

  • CAPE TOWN, Feb 8- Namibia's mines and energy minister expects the country's flagship uranium mine, the $2 billion Chinese-backed Husab project, to reach full output by August following delays last year due to a fire at its processing plant. "We expect them to reach full production within six months," Obeth Kandjoze, Minister of Mines and Energy, told Reuters at an...

  • U.S. energy companies have been adding oil rigs and redeploying cash and workers, cautiously confident the energy sector has turned a corner after the election of President Donald Trump and a commitment signed by OPEC to curb production in the first half of 2017.. The market is "gradually accommodating shale oil and shale gas" and demand is healthy, said Energy...

  • JAKARTA/ SINGAPORE, Feb 8- Road blockages and bad weather in Kalimantan on the Indonesian side of Borneo island are being blamed for a disruption of coal supplies from one of the world's most important export regions. "The area most affected is getting coal down the Barito River to coastal ports like Taboneo," said one coal barge shipper from Kalimantan, speaking on...

  • JAKARTA/ SINGAPORE, Feb 8- Road blockages and bad weather in Kalimantan on the Indonesian side of Borneo island are being blamed for a disruption of coal supplies from one of the world's most important export regions. "The area most affected is getting coal down the Barito River to coastal ports like Taboneo," said one coal barge shipper from Kalimantan, speaking on...

  • JAKARTA/ SINGAPORE, Feb 8- Road blockages and bad weather in Kalimantan on the Indonesian side of Borneo island are being blamed for a disruption of coal supplies from one of the world's most important export regions. "The area most affected is getting coal down the Barito River to coastal ports like Taboneo," said one coal barge shipper from Kalimantan, speaking on...

  • JAKARTA/ SINGAPORE, Feb 8- Road blockages and bad weather in Kalimantan on the Indonesian side of Borneo island are being blamed for a disruption of coal supplies from one of the world's most important export regions. "The area most affected is getting coal down the Barito River to coastal ports like Taboneo," said one coal barge shipper from Kalimantan, speaking on...

  • DOHA, Feb 8- Higher oil prices may boost shale oil production but the global oil market can accommodate this as demand remains healthy, Qatar's energy minister said on Wednesday. OPEC and non- OPEC producers agreed late last year to cut crude production by a total of 1.8 million barrels per day to help reduce a supply glut that had depressed prices.

  • HOUSTON, Feb 7- U.S. shale oil producer Pioneer Natural Resources Co on Tuesday posted a better-than-expected adjusted quarterly profit helped by cost cuts and rising crude prices. Pioneer said it would spend about $2.8 billion this year due to that improvement, about 8 percent above last year's levels. The company posted a net loss attributable to common...

  • *OPEC- led production cuts support prices. LONDON, Feb 7- Oil prices fell on Tuesday as lower production by OPEC and other exporters was undermined by growing evidence of a revival in U.S. shale production and sluggish demand. But while OPEC and Russia have together cut at least 1.1 million bpd so far, rising U.S. production, as well as signs of slowing demand growth,...

  • *OPEC- led production cuts support prices. LONDON, Feb 7- Oil prices slipped on Tuesday as lower production by OPEC and other exporters was undermined by growing evidence of a revival in U.S. shale production and sluggish demand. But while OPEC and Russia have together cut at least 1.1 million bpd so far, rising U.S. production, as well as signs of slowing demand growth,...

  • *OPEC- led production cuts support prices. LONDON, Feb 7- Oil prices steadied on Tuesday as lower production by OPEC and other exporters balanced growing evidence of a revival in U.S. shale production and sluggish demand. But while OPEC and Russia have together cut at least 1.1 million bpd so far, rising U.S. production, as well as signs of slowing demand growth,...