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  • It's been a perfect storm for oil markets: ANZ Monday, 21 Dec 2015 | 8:24 PM ET
    It's been a perfect storm for oil markets: ANZ

    Oil markets are hurting due to strong supply and lower economic growth, particularly in Asia, and the price adjustment has yet to take place, notes Daniel Hynes, senior commodity strategist at ANZ.

  • China miners grit teeth over coal downturn Thursday, 17 Dec 2015 | 5:48 PM ET
    China miners grit teeth over coal downturn

    With coal prices down and demand weak, Qiu Zhijie, owner of Yongshun mine in Inner Mongolia, says "the more coal I sell, the more money I lose everyday."

  • WASHINGTON, Dec 17- Privately held U.S. coal company Bowie Resource Partners wants taxpayers to guarantee more than $360 million in future cleanup costs for mines in New Mexico and Colorado, U.S. officials said, a move that analysts estimate would save the company $6 million a year. Coal companies are required by U.S. regulations to rehabilitate the environment...

  • MOSCOW, Dec 16- Indebted Russian steel and coal producer Mechel posted a net loss of $773 million in the third quarter of 2015 due to a weaker rouble, it said on Wednesday. Mechel, controlled by businessman Igor Zyuzin, had to delay its debt repayments after a decline in coal and steel prices put an end to its strategy of borrowing heavily to finance investments.

  • UPDATE 1-Arch Coal to delay bond interest payment Tuesday, 15 Dec 2015 | 7:27 AM ET

    Dec 15- Arch Coal Inc, the second-largest coal miner in the United States, said it has chosen to extend by 30 days a $90 million in bond interest payments that was due on Tuesday. Arch Coal, struggling under strict regulation and plummeting coal prices, had said last month that it could follow its smaller peers into bankruptcy in the near term, even if current talks...

  • *China pushing to create modern-day Silk Road. BEIJING, Dec 15- Private Chinese firm CEFC Energy has agreed to take control of a unit of Kazakhstan's state oil and gas company which mainly owns assets in Europe, as China boosts business with its resource-rich but cash-strapped neighbour. That comes as China pushes to create a modern-day Silk Road under its "One...

  • NEW YORK, Dec 14- Cash-strapped U.S. shale oil producers are facing another sharp sell-off in a 18- month-old crude slump with reduced hedging protection, risking a severe hit to earnings if prices fail to recover. "Producers have survived 2015 as they benefited from large reductions in service costs while having a significant amount of production hedged at...

  • BEIJING, Dec 12- China's output of key industrial commodities including coal and steel remained weak in November amid chronic oversupply as slowing construction demand took its toll. Our house view is for slowing growth in 2016, and importantly the mix is moving further towards less commodity-intensive services sectors, "analysts with ANZ Research said in a...

  • BEIJING, Dec 12- China produced 320 million tonnes of coal in November, down 2.7 percent from the same time last year, the country's statistics bureau said on Saturday, with struggling miners cutting output in order to minimise losses. Coal production for the first eleven months of the year was 3.37 billion tonnes, down 3.7 percent compared to the same period last...

  • Will China be able to wean itself off fossil fuels? Thursday, 10 Dec 2015 | 6:43 PM ET
    Will China be able to wean itself off fossil fuels?

    The coal industry that has been China's lifeblood now faces a cloudy future, as authorities vow to reduce carbon emissions.

  • HOUSTON/ CHICAGO Dec 10- Drained by a 17- month crude rout, some U.S. shale oil companies are merely hanging on for life as oil prices lurch further away from levels that allow them to profitably drill new wells and bring in enough cash to keep them in business. Investors and analysts mentioned SandRidge Energy Inc., Comstock Resources, and Goodrich Petroleum Co as...

  • SYDNEY, Dec 10- The export of coal from Australia's largest coal terminals was disrupted on Thursday after protesters chained themselves to equipment, causing a temporary halt to some operations. Activists, demanding that Australia commit to reducing its reliance on the coal industry, caused a disruption to the operations of Newcastle Port, the world's...

  • Canada climate push spells uncertainty for oil sands Wednesday, 9 Dec 2015 | 10:15 AM ET

    PARIS, Dec 9- Canada's newly elected government is committed to being a strong ally in global efforts to curb climate change, but it is unclear yet what that will mean for its vast oil patch, Environment and Climate Change Minister Catherine McKenna said on Wednesday. President Barack Obama rejected TransCanada's proposed Keystone XL oil sands pipeline into...

  • Dec 4- Shares of U.S. shale oil producers tumbled on Friday after OPEC failed to agree on a unified output cap, effectively letting its 13 members pump at will in a step likely to further depress prices and advance the group's aim of squeezing out U.S. rivals. OPEC ministers ended their policy meeting in Vienna on a discordant note, unable to decide as a group how much...

  • WARSAW, Dec 4- Australian coal company Prairie Mining plans to apply in 2016 for a concession to extract coal in Poland, a step towards starting construction of a proposed mine, it said on Friday. Prairie Mining plans to build a $685- million coal mine in Lublin in southeastern Poland at a time when slumping coal prices and high production costs have pushed local...

  • WARSAW, Dec 4- Australian coal company Prairie Mining plans to apply in 2016 for an exploration concession in Poland, a step towards starting construction of a proposed mine, it said on Friday. Prairie Mining plans to build a $685- million coal mine in Lublin in southeastern Poland at a time when slumping coal prices and high production costs have pushed local...

  • CHARLESTON, W. Va., Dec 3- Former Massey Energy Chief Executive Don Blankenship was found guilty in federal court on Thursday of conspiring to violate safety standards at the Upper Big Branch mine, the site of a 2010 blast that killed 29 people. Relatives of those killed and prosecutors hailed the decision as sending a message on mine safety on coal-rich West...

  • India's coal field has been burning for 100 years Thursday, 3 Dec 2015 | 10:00 AM ET
    India's coal field has been burning for 100 years

    The Jharia coal field is home to some of the longest-burning fires in the world.

  • Coal field in India has been on fire for 100 years Wednesday, 2 Dec 2015 | 2:26 PM ET
    Excavators take a break as fire and smoke spew out of the ground in one of the coal mines in Jharia. Jharia in India's eastern Jharkand state is literally in flames.

    India's largest and most productive coal fields are also home to the largest collection of some of the longest-burning coal fires in the world.

  • *Venezuela, Iran push OPEC to lower production. VIENNA, Dec 2- Saudi Arabia is seen rejecting calls from fellow OPEC members to cut output when the group meets this week as the group's kingpin argues it cannot deal alone with one of the most severe oil gluts in history. But while the Saudis can claim a partial victory over the U.S. shale oil boom, production from top non-...