Oil and Gas Coal and Consumable Fuels

  • Preparing hot coals for a ritual where local temples will carry God icons across the fire. The annual harbour cleansing ritual is to ensure safety at sea and a bountiful catch in the year ahead, and takes place on the day of the first full moon in the Chinese lunar calendar.

    Coal prices have surged recently on supply-side reforms in China, with gains set to continue with the onset of the La Nina.

  • Glencore Output

    A bright spot in Glencore's operations update was that it raised its copper production guidance, says Clarksons Platou Securities' Jeremy Sussman.

  • BEIJING, Aug 11- China's plan to reduce its excess coal output capacity has fallen behind with leading producing provinces yet to cut, as Beijing acts on over supply damaging coal companies, the National Development and Reform Commission said on Thursday. China said in February it expected to lay off 1.8 million workers in the coal and steel industries, or about...

  • Peabody, the biggest U.S. coal miner, filed for bankruptcy protection in April after a sharp drop in coal prices left it unable to service its $10.1 billion debt, much of it incurred for to expand in Australia. Peabody said it would review its assets in Australia to run a "smaller but more profitable" basis. The company said in May it would sell its interest in...

  • EHRENFELD, Pa., Aug 9- From Appalachia to Wyoming, surging demand for cheap natural gas, tougher environmental regulations and multiple coal company bankruptcies have left behind a devastated coal business, lost jobs and billions of dollars in cleanup work. Many of the jobs are gone for good, but ex-miners can repair the damaged land and shape a post-coal economy,...

  • WASHINGTON, Aug 9- U.S. states should force coal companies to set aside collateral to pay for future mine cleanups and protect taxpayers as the industry braces for further declines, a leading federal regulator said on Tuesday. With coal production outstripping demand, the market is not likely to recover until at least 2021, Joe Pizarchik, who heads the Office of...

  • Miners wait to enter the Tashan coal mine near Datong, in northern Shanxi province.

    Shanxi has moved to ease rising pressure on its largest coal miners by extending the maturity on up to $60 billion in loans, the FT reports.

  • His plan says little about fundamental economics that have sent crude oil prices spiraling and cut U.S. dependence on coal.

  • SHANGHAI/ BEIJING, Aug 8- Seven large Shanxi province-owned coal miners will be permitted to extend the maturities of some existing debt, state news agency Xinhua reported, as Chinese regulators continue their efforts to provide a softer landing for the stricken sector. Citing a document released by the Shanxi branch of China's banking regulator, Xinhua said...

  • His wife, daughter, and sons Rocky and Tony, both miners, turned out for ice-cream, pop and a farewell toast for a man who had been at the West Virginia strip mine since the beginning. In a generation, the Hobet mine transformed from a small, founder-run operation to a company cheered in three different incarnations by Wall Street and twice bankrupt- a twisting path...

  • LONDON, Aug 5- Turkey imposed a tax this week on imports of thermal coal from Colombia, Russia and other major exporters, for use in power generation, to support domestic coal production. The Turkish cabinet decided to impose the tax of $15/ tonne on imports from the United States, Colombia, Russia and South Africa on July 18 and announced it in the Official Gazette...

  • HOUSTON, Aug 4- Shale oil bellwether EOG Resources Inc on Thursday boosted this year's fracking plans by 30 percent, saying it expected big returns on new wells even as oil dipped back to $40 a barrel. Houston- based EOG raised the number of wells it plans to bring online this year to 350 from 270, and lifted by 50 to 250 the number of wells it would drill, while keeping...

  • HOUSTON, Aug 4- Shale oil bellwether EOG Resources Inc on Thursday posted a quarterly loss but boosted this year's fracking plans by 30 percent, saying it expected big returns on new wells even as oil dipped back to $40 a barrel. Houston- based EOG raised the number of wells it plans to bring online this year to 350 from 270, and lifted by 50 to 250 the number of wells it...

  • The Calgary- based company also said it is on track to start up the second phase of its Horizon oil sands project, located north of Fort McMurray, in October, ramping up to full production in November. Canadian Natural, which produces almost all of its natural gas and natural gas liquids from fields in Alberta, British Columbia and Saskatchewan, said cash flow from...

  • The Calgary- based company also said it is on track to start up the second phase of its Horizon oil sands project, located north of Fort McMurray, in October, ramping up to full production in November. Canadian Natural, which produces almost all of its natural gas and natural gas liquids from fields in Alberta, British Columbia and Saskatchewan, said cash flow from...

  • MOSCOW, Aug 4- Russian coal and steel producer Mechel raised supplies of its coking coal concentrate to China in the second quarter and started sales to India and Vietnam, it said on Thursday. China's demand for coal rose in the second quarter as local production fell, Mechel Chief Executive Oleg Korzhov said in a statement on the April-June production results.

  • HOUSTON, Aug 3- Nimble U.S. shale oil producers continue to show an uncanny ability to squeeze more and more crude from new wells, allowing them to do more with less as they try to weather another dip in oil prices to $40 a barrel. This could help them survive the latest slump in oil prices back to multi-year lows after a partial recovery brought crude back up to about...

  • TORONTO, July 29- Canada's main stock index fell on Friday as economic data and energy earnings highlighted the damage done by a massive wildfire that hit oil sands production starting in May, with the index headed for its first weekly decline since mid-June. Both companies reported earnings that were negatively impacted by massive wildfires in northern...

  • HOUSTON, July 28- Improved fracking techniques have helped cut Pioneer Natural Resources Co's production costs in the Permian Basin to about $2 a barrel, low enough to compete with oil rival Saudi Arabia, CEO Scott Sheffield said on Thursday. The comments from Sheffield, who is retiring soon, were perhaps the most concrete sign yet that the fittest U.S. shale oil...

  • July 28- Cameco Corp, the world's No.2 uranium producer, reported a surprise quarterly loss due to weak uranium demand and prices, sending its shares down 7 percent to touching a nearly 12- year low of C $12.87. The company reported a net loss attributable to shareholders of C $137 million, or 35 Canadian cents per share, for the quarter ended June 30.