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Oil and Gas Coal and Consumable Fuels

  • 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,...

  • *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. "The general perception is that OPEC is cutting production, which is supporting prices, but high stock levels, rising rig counts and growing U.S....

  • *OPEC- led production cut is main support for 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. "The general perception is that OPEC is cutting production, which is supporting prices, but high stock levels, rising rig counts and...

  • CHICAGO, Feb 6- Opponents of Peabody Energy Corp's reorganization plan have filed an emergency appeal against a key piece of the coal producer's proposal they say violates U.S. bankruptcy law by prematurely requiring creditors to promise support it. At the heart of creditors' complaints are the terms of a $1.5 billion private recapitalization that Peabody...

  • SINGAPORE, Feb 6- Oil prices edged up on Monday on fears that new U.S. sanctions against Iran could be extended to start affecting crude supplies, but markets were capped by further signs of growing U.S. production. Tensions between Tehran and Washington have risen since a recent Iranian ballistic missile test which prompted U.S. U.S. energy companies added oil...

  • In a 52-47 vote, the Republican-controlled Senate approved a resolution to eradicate a rule requiring companies such as Exxon Mobil and Chevron Corp to publicly state taxes and other fees paid to foreign governments like Russia. On Thursday, the Senate repealed a rule that would have limited coal companies from dumping waste into streams.

  • WASHINGTON, Feb 2- The U.S. Congress moved swiftly on Thursday to undo Obama-era rules on the environment, corruption, labor and guns, with the Senate wiping from the books a rule aimed at reducing water pollution. By a vote of 54-45, the Senate approved a resolution already passed in the House of Representatives to kill the rule aimed at keeping pollutants out of...