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Oil and Gas Coal and Consumable Fuels

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  • WASHINGTON, Aug 9- In her 2008 bid for the White House, Hillary Clinton cast herself as a blue-collar Democrat who was unabashedly pro-coal, a stance that helped her beat opponent Barack Obama easily in primaries in states that produced or were reliant on coal. Ohio and Pennsylvania, in particular, have a lot of electoral votes, which are key to electing a new...

  • Aug 5- Continental Resources Inc, the second-largest oil producer in North Dakota's Bakken shale formation, posted a better-than-expected quarterly profit on Wednesday as the company slashed costs to offset plunging crude prices. In a bold bet on oil prices and the ability to keep costs low, Chief Executive Harold Hamm boosted Continental's 2015 production...

  • S.African coal workers reject employers' pay offer Wednesday, 5 Aug 2015 | 10:18 AM ET

    Workers want pay increases of up to 15 percent, while the chamber- which represents firms such as Glencore, Anglo American Coal and Exxaro- has offered a three-year wage deal with pay raises of between 4 to 6.5 percent. Glencore announced in July it would cut 380 jobs and shut part of its Optimum mine due to lower coal prices, prompting South Africa's mines minister...

  • *Sharp fall in China imports weighs. LONDON/ FRANKFURT, August 4- Coal prices' downward trajectory shows no sign of reversing as a supply glut, combined with expectations that demand from top consumer China will shrink more, paint a bleak outlook for the fossil fuel which generates nearly half the world's electricity. Global coal prices have fallen by around 10...

  • Lawrence Livermore National Laboratory demonstrated coal gasification in large-scale field experiments at the Rocky Mountain Test Facility (above) near Hanna, Wyoming.

    Everything seems to be going wrong for coal stocks, but Larry McDonald of Societe Generale says this could be the perfect time to get in.

  • Obama unveils clean energy plan, amid legal threats Monday, 3 Aug 2015 | 3:11 PM ET
    President Barack Obama delivers remarks on the Clean Power Plan at the White House in Washington August 3, 2015.

    President Obama unveiled his plan to tackle climate change by reducing greenhouse gas emissions.

  • Obama vs. coal industry Monday, 3 Aug 2015 | 12:26 PM ET
    Obama vs. coal industry

    CNBC's Jackie DeAngelis takes a look at how President Obama's new energy plan is impacting the coal industry and potential winners in the solar space.

  • Aug 3- Alpha Natural Resources Inc, one of the largest U.S. coal companies, became the latest in the hard-hit industry to seek bankruptcy on Monday. Walter Energy Inc and Patriot Coal Corp also filed for bankruptcy protection this year. Energy Future Holdings Corp, a power company that also has a large coal mining business, has been in bankruptcy since 2014..

  • Aug 3- Coal miner Alpha Natural Resources Inc became the latest company to file for Chapter 11 bankruptcy due to a steep fall in coal prices. Walter Energy Inc and Patriot Coal Corp filed for bankruptcy protection earlier this year. The company and its affiliates operate more than 50 underground and surface mines, and more than 20 coal preparation facilities in...

  • LONDON, Aug 3- The biggest losers from the current price war between OPEC and the shale producers seem set to be producers outside the Middle East and North America caught in the cross-fire. Expensive production from the North Sea, Canada's oil sands, offshore megaprojects, weaker African and Latin American members of OPEC, and frontier exploration areas around...

  • WASHINGTON, Aug 2- President Barack Obama will unveil on Monday the final version of his plan to tackle greenhouse gases from coal-fired power plants, kicking off what is expected to be a tumultuous legal battle between federal environmental regulators and coal industry supporters. The White House said its revised Clean Power Plan will increase the required...

  • WASHINGTON, Aug 2- The White House said it will launch the first ever rule on Monday to cut carbon emissions from power plants, a plan that opponents in the coal industry and their political allies will fight in the courts. In a fact sheet issued on Sunday, the White House said President Barack Obama's Clean Power Plan will cut emissions by 32 percent from 2005 levels...

  • BUENOS AIRES, July 30- Protests that briefly disrupted production in part of Argentina's main shale oil producing region have ended and operations are back to normal, state-controlled energy firm YPF said on Thursday. Demonstrators from the local Zonal Xwanco and Campo Maripe communities late on Wednesday lifted their blockades on access roads to several...

  • WILLISTON, N.D., July 29- U.S. oil companies, under renewed pressure from falling crude prices, are increasingly tweaking and mixing fracking technologies as they scramble to squeeze more out of wells and eke out profits after rounds of cost-cutting. Shale oil firms need the experiments to payoff now more so than before given that oil prices have resumed their...

  • Miner Cliffs Natural posts Q2 profit on lower costs Wednesday, 29 Jul 2015 | 8:15 AM ET

    July 29- Iron ore and coal producer Cliffs Natural Resources Inc reported a second-quarter profit, compared with a year-ago loss, helped by lower costs. The company reported a net profit attributable to shareholders of $60.2 million, or 39 cents per share, for the quarter ended June 30, compared with a loss of $1.9 million, or 2 cents per share, a year earlier.

  • Among the challengers were coal company Peabody Energy Corp and utility American Electric Power Co Inc.. The appeals court ruled that the EPA would have to revise sulfur dioxide emissions budgets for four states and nitrogen oxide budgets for 11 because it had asked them to reduce their emissions by more than required. The EPA has "required states to reduce...

  • Mozambique coal: boom to bust to wait it out Tuesday, 28 Jul 2015 | 10:20 AM ET

    Just a few years ago, billions of dollars poured into Mozambique, one of the world's poorest nations, in a twin scramble for inland coal and offshore gas. "At this stage Mozambique is not a coal story any more. "It's really a liquefied natural gas story now and I think the government is shifting its focus from coal to LNG," she told Reuters on the sidelines of a Mozambique...

  • July 28- Peabody Energy Corp said it was suspending its quarterly dividend, reducing production of steel-making coal and cutting jobs to stem losses as coal prices remain stubbornly low. Peabody said it was cutting 550 jobs, including 300 across mines in Australia and 250 corporate and regional support positions, and closing some offices in Wyoming.

  • MAPUTO, July 27- A coal stacker has collapsed at the Mozambique port of Nacala, dealing a blow to Brazilian miner Vale's effort to start coal shipments from the African nation in the third quarter, sources told Reuters on Monday. The giant piece of machinery, which is used to handle coal and other bulk materials, buckled last week, according to a mining industry...

  • Why governments must rethink coal's role: OECD Friday, 24 Jul 2015 | 6:00 AM ET
    Why governments must rethink coal's role: OECD

    Angel Gurría, Secretary-General of OECD, says putting an end to the use of coal can be done without losing competitiveness worldwide, and why Cop21 is a "great opportunity" to address it.