Oil and Gas Coal and Consumable Fuels

  • 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.

  • *2nd- qtr profit C $0.01/ shr; est. Teck, the largest producer of steelmaking coal in North America, said on Thursday its operating costs fell 15 percent to C $691 million in the second quarter. "While the commodity cycle continues to be challenging, we are starting to see some positive changes in the direction of zinc and steelmaking coal prices," Chief Executive Don...

  • MEG, whose key operations are in the Athabasca oil sands region of Alberta, said cash flow from operations fell about 93 percent to C $7 million, hurt by lower bitumen prices due to a decline in U.S. benchmark crude prices. MEG also reduced its non-energy operating costs in 2016 to a range of C $6.00 to C $7.00 per barrel from an earlier forecast of C $6.75 to C $7.75 per...

  • TOKYO, July 27- Japan's Itochu Corp became the target of short-seller Glaucus Research Group on Wednesday with a report criticising the trading company's accounting practices, sending its shares tumbling as much as 10 percent. The report highlighted Itochu's investments in a Colombian coal mining joint venture and China's CITIC Ltd, arguing that the...

  • SINGAPORE, July 27- Coal prices in 2016 have regained their footing above the psychological threshold of $50, leaving the oil industry wondering when crude prices will return to form. Starting June 1, benchmark API2 coal futures in Rotterdam have rallied 20 percent to around $60 a tonne, the highest in a year, while Asia benchmark API4 futures have climbed 15.6...

  • TOKYO, July 27- Japan's Itochu Corp became the target of short-seller Glaucus Research Group on Wednesday with a report criticising the trading company's accounting practices, sending its shares tumbling as much as 10 percent. The report highlighted Itochu's investments in a Colombian coal mining joint venture and China's CITIC Ltd, arguing that the...

  • BEIJING, July 26- China's top steelmaking province Hebei plans to cut more than 31 million tonnes of combined iron and steel production capacity in 2016, the official Xinhua news agency reported on Tuesday. Xinhua said the province planned to cut iron making capacity by 17.26 million tonnes, and reduce 14.22 million tonnes of steel making capacity by the end of...

  • A Union Pacific employee closes the entry door on a rail car at the company's facility at the Port of Oakland in Oakland, California.

    Union Pacific stocks dropped more than 2 percent after reporting a 12 percent decline in operating revenue for its second quarter.

  • Union Pacific: Bullish on coal

    Union Pacific CEO Lance Fritz, discusses freight volume levels, and his confidence in coal's "place in electricity generation long-term."

  • What is Trump's energy policy?

    Donald Hoffman, EXCEL Services Corp. CEO, discusses Donald Trump's position on coal and energy policies.

  • SYDNEY, July 20- BHP Billiton said it aims to boost its iron ore output by up to seven percent this year as it works its existing mines harder, after narrowly missing its target for fiscal 2016 due to the Samarco disaster in Brazil. Production for the current financial year to end-June 2017 is forecast to increase to between 265 million tonnes and 275 million tonnes,...

  • Trump & energy production in America

    "The people I talk to are worried about the future of America," explains Trump campaign supporter and Continental Resources Director John McNabb, from the Republican National Convention.

  • Crude prices fell more than 1 percent in the previous session after concerns about potential supply disruptions eased in the wake of Friday's attempted coup in Turkey. U.S. crude, known as West Texas Intermediate, slipped 13 cents to $45.11 a barrel as of 0021 GMT after settling down 71 cents, or about 1.6 percent, in the previous session. "Oil prices fell as concerns...

  • WASHINGTON/ NEW YORK July 15- Republican Donald Trump's selection of Indiana Governor Mike Pence as his running mate cheered the U.S. energy industry and dismayed green advocates, with both sides citing Pence's support for coal mining and defiance of President Barack Obama's climate-change agenda. "Governor Pence has been a vocal opponent of the...

  • WASHINGTON/ NEW YORK July 15- Republican Donald Trump's expected selection of Indiana Governor Mike Pence as his running mate cheered the U.S. energy industry and dismayed green advocates, with both sides citing Pence's support for coal mining and defiance of President Barack Obama's climate-change agenda. "Governor Pence has been a vocal opponent of the...