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Oil and Gas Coal and Consumable Fuels

  • SYDNEY/ LONDON, June 20- Rio Tinto selected Yancoal on Tuesday to buy its Coal& Allied division in Australia for $2.45 billion, surprising commodities trading giant Glencore, which had put in a higher bid. Glencore offered $2.55 billion cash this month for Rio's coal mines in the Hunter Valley region of New South Wales, beating a previous offer from Yancoal, which is...

  • SYDNEY/ LONDON, June 20- Rio Tinto selected Yancoal on Tuesday to buy its Coal& Allied division in Australia for $2.45 billion, surprising commodities trading giant Glencore which had put in a higher bid. Earlier this month, Glencore offered $2.55 billion cash for Rio's coal mines in the Hunter Valley region of New South Wales, beating a previous offer from Yancoal,...

  • CALGARY, Alberta/ HOUSTON, June 19- In the boreal forests and on the remote prairies of Alberta, a handful of firms are running pilot projects they hope will end a two-decade drought in innovation and stem the exodus of top global energy firms from Canada's oil sands. Canada's oil sands sector has become one of the biggest victims of the global oil price crash that...

  • Incoming Energy Secretary Rick Perry (R) gives a double thumbs up during the Inaugural Parade for U.S. President Donald J. Trump January 20, 2017 in Washington, DC.

    Rick Perry, U.S. secretary of Energy, talks about the renaissance in America's energy industry, and investing in research and development.

  • Sec. Perrry: Trump wants US to be 'energy dominant'

    Rick Perry, U.S. secretary of Energy, talks about American's energy strategy.

  • CALGARY, Alberta/ HOUSTON, June 19- In the boreal forests and on the remote prairies of Alberta, a handful of firms are running pilot projects they hope will end a two-decade drought in innovation and stem the exodus of top global energy firms from Canada's oil sands. Canada's oil sands sector has become one of the biggest victims of the global oil price crash that...

  • CALGARY, Alberta, June 16- Canada's oil sands need more emissions-cutting measures and monitoring, an official panel said on Friday in recommendations that could potentially raise costs in a high-cost region that international players have increasingly abandoned. The report from the Oil Sands Advisory Group of the Alberta province, which lays out the...

  • Workers unload coal at a storage site along a railway station in Hefei, Anhui province.

    The coal binge, especially in China, is winding down, Vox reports.

  • *Despite pledge, OPEC and Russian oil supplies remain high. SINGAPORE, June 16- Oil prices edged up on Friday but remained near six-month lows, held down by an ongoing supply overhang that persists despite an OPEC- led effort to cut production and prop up crude markets. Rising U.S. oil output, particularly from shale drillers, is contributing to the ineffectiveness...

  • *Despite pledge, OPEC and Russian oil supplies remain high. SINGAPORE, June 16- Oil prices edged up on Friday but remained near six-month lows, held down by an ongoing supply overhang that persists despite an OPEC- led effort to cut production and prop up crude markets. Rising U.S. oil output, particularly from shale drillers, is contributing to the ineffectiveness...

  • LONDON, June 15- Some U.S. shale producers claim they can produce oil profitably with prices well below $50 per barrel or even $45 per barrel; the oil market is likely to put those claims to the test. As a result, U.S. shale producers together with other non- OPEC suppliers are expected to capture all of the increase in global oil demand in 2018 and raise their share of the...

  • The new coal jobs the Trump team is touting might not actually exist

    The Trump administration has pointed to labor statistics to suggest the president's energy policy is already bearing fruit.

  • Coal miners in Beallsville, Ohio.

    The Trump administration is using preliminary estimates to claim coal mining jobs are being created, against federal statisticians' advice.

  • LONDON, June 15- Some U.S. shale producers claim they can produce oil profitably with prices well below $50 per barrel or even $45 per barrel; the oil market is likely to put those claims to the test. As a result, U.S. shale producers together with other non- OPEC suppliers are expected to capture all of the increase in global oil demand in 2018 and raise their share of the...

  • The bad news is that 2017 may well see coal output and consumption increase from last year, and as usual with most things coal, it's all about China, which accounts for about half of global consumption. China is also the world's largest producer and importer of the fuel and while the authorities in Beijing have had success in reducing coal's share of the country's...

  • The bad news is that 2017 may well see coal output and consumption increase from last year, and as usual with most things coal, it's all about China, which accounts for about half of global consumption. China is also the world's largest producer and importer of the fuel and while the authorities in Beijing have had success in reducing coal's share of the country's...

  • ULAANBAATAR, June 14- Mongolia's coal export earnings surged nearly fivefold in the first five months of the year, according to official data, with the country taking advantage of sanctions on North Korea to boost deliveries to China, its major customer. The value of Mongolia's coal exports rose to $1.01 billion in the first five months of 2017, 4.6- times higher...

  • The production rise comes mainly from the oil sands and is an increase of 32.5 percent from last year's output of 3.85 million bpd and a 4 percent increase from last year's forecast of 4.9 million bpd by 2030, the Canadian Association of Petroleum Producers said in an annual report. Major projects at various stages of approval include Enbridge Inc's Line 3...

  • American Electric Power CEO: We continue to drop coal usage

    Nicholas Akins, American Electric Power chairman & CEO, discusses President Trump's pledge to get coal mining jobs back in the economy and gives his outlook for the renewable and clean energy space.

  • LAUNCESTON, Australia, June 13- When it comes to electrifying Asia the conventional wisdom has been that cheap beats green, meaning coal will continue to dominate the region's new power generation as renewables such as solar and wind can't compete. The representatives of the coal industry, as well as some respected industry analysts, presented a fairly bullish...