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Oil and Gas Coal and Consumable Fuels

  • But- and there is always a "but" for the coal sector in recent years- the exporting miners have to face the uncomfortable reality that the two biggest importers in the world, China and India, are now markets where policy decisions are the main drivers, not supply and demand fundamentals. This makes the long-term outlook for the seaborne coal market hard to predict and...

  • WASHINGTON, May 16- A former coal executive who last week finished a yearlong prison sentence for conspiring to violate safety standards at a mine where a deadly blast occurred, has urged U.S. Donald Blankenship, who was chief executive officer of Massey Energy Co during the April 2010 explosion that killed 29 people at the Upper Big Branch coal mine in West...

  • NEW DELHI, May 15- Coal will remain India's main energy source for the next three decades although its share will gradually fall as the country pushes renewable power generation, according to a government report seen by Reuters. "India would like to use its abundant coal reserves as it provides a cheap source of energy and ensures energy security as well," the...

  • *South Africa also pushing for more offshore activity. JOHANNESBURG, May 15- South Africa's government may award its first shale gas exploration licences by the end of September, after environmental objections delayed the process, a senior government official said on Monday. Royal Dutch Shell, Falcon Oil and Gas and Bundu Gas& Oil are among five firms whose...

  • *South Africa also pushing for more offshore activity. JOHANNESBURG, May 15- South Africa's government may award its first shale gas exploration licenses by the end of September, after environmental objections delayed the process, a senior government official said on Monday. Royal Dutch Shell, Falcon Oil and Gas and Bundu Gas& Oil are among five firms whose...

  • Gas flare from an offshore oil rig platform.

    In what it called a dramatic 10-year trend, the EIA says the U.S. Northeast is using far more natural gas, at the expense of coal.

  • Jailed CEO maintains innocence, says explosion caused by natural gas

    Don Blanenship, former Massey Energy CEO, talks about appealing his conviction of "conspiring to violate federal safety laws" at a West Virginia mine where 29 workers died in a 2010 explosion.

  • CALGARY, Alberta, May 11- The Canadian and Alberta governments and three energy companies said on Thursday they will spend C $70 million to develop three new clean technology projects, aimed at cutting costs and carbon emissions in the country's oil sands. Canada's Ministry of Natural Resources is contributing C $26.2 million in funding under its previously...

  • NEW DELHI, May 11- Five trade unions at top coal producers in India will go on a three-day strike in June to protest against a proposed merger of the coal miners' provident fund with the employees' provident fund, they said. Barring those on emergency duty, all workers will join the strike, Rajendra Prasad Singh of the Indian National Trade Union Congress said.

  • MEG, whose key operations are in the Athabasca oil sands region in Alberta, said average realized price for bitumen rose to C $37.93 in the first quarter, from C $11.43, a year earlier. The company's net operating costs fell 1.2 percent to C $8.43 per barrel in the three months ended March 31. However, MEG's net profit shrank to C $1.59 million or 1 Canadian cent per...

  • CALGARY, Alberta, May 11- Even as the world's largest energy companies exit Canada's high-cost oil sands the country's top producer Suncor Energy is lining up its next phase of growth in the world's third largest crude reserves. The preliminary plans for new projects in remote northern Alberta follow a stream of multi-billion dollar deals in which...

  • NEW YORK, May 10- Four U.S. states have sued Interior Secretary Ryan Zinke, the Interior Department and the U.S. Bureau of Land Management to block new leases of public lands for coal mining, according to papers filed on Tuesday in Montana federal court. State prosecutors for California, New Mexico, New York and Washington are arguing new coal extraction would...

  • SHANGHAI, May 10- China will force collieries to plant trees, boost efficiency, cut down noise and seal off facilities from the outside world as part of a new "green mining" plan aimed at curbing pollution, according to a policy document published on Wednesday. The documents, published in conjunction with the environment and finance ministries as well as China's...

  • BEIJING, May 10- China's April producer price inflation cooled more than expected as iron ore and coal prices tumbled further, pressured by fears that domestic demand will not be strong enough to absorb surging supplies of steel. A renaissance in China's steel industry has been a major driver of the world's second-largest economy in recent quarters, helping...

  • BEIJING, May 10- China's April producer price inflation cooled for a second straight month as iron ore and coal prices tumbled further, pressured by fears that domestic demand will not be strong enough to absorb surging supplies of steel. In March, China's PPI cooled for the first time in seven months as iron ore and coal prices tumbled after rising sharply on a...

  • *Saudi Arabia says to "do whatever it takes" to balance markets. LONDON, May 9- Oil prices fell on Tuesday, surrendering earlier gains, rattled by concern over slowing demand and the rise in U.S. crude output that has shaken investors' faith in the ability of OPEC to rebalance the market. Brent crude futures were down 39 cents at $48.95 per barrel by 1400 GMT, off an...

  • A coal miner in Ohio.

    A deadly incident in a coal mine in Iran puts the spotlight on a polarizing industry, U.S. News reports.

  • Warren Buffett

    Warren Buffett is looking for investment opportunities in renewable energy.

  • LONDON, May 4- Mining and commodities trading group Glencore has raised its operating profit forecast for the trading division this year by $100 million and said its mining operations were expected to recover from some weather-related disruption at the start of the year. But they said Glencore's upward revision for its trading division- to between $2.3...

  • **Japan Petroleum Exploration Co. Ltd. said it started steam injection into the oil sands layer on Friday for start-up of its Hangingstone oil sands expansion project in Alberta, Canada. **Bitumen production is expected to start around the middle of the year as scheduled, and output is expected to gradually increase and reach 20,000 barrels per day by mid-2018-...