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Coal and Consumable Fuels

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  • LONDON, May 28- The U.S. shale oil boom is turning global crude pricing on its head with the historical notion that light grades shall be priced at a premium to heavy ones quickly disappearing, according to predictions from producer group OPEC. The trend will have big implications for global oil flows, reducing revenues of light-oil-producing nations such as...

  • Norway oil fund to slash coal investments Thursday, 28 May 2015 | 1:20 AM ET

    STOCKHOLM— Norway has made a big move toward dropping investments in coal companies by its massive $900 billion sovereign wealth fund because of their impact on climate change. "Coal is by far the biggest source of greenhouse gases, so this is a big victory for the climate," said committee member Torstein Tvedt Solberg of the opposition Labor Party.

  • MAHANOY CITY, Pa.— When coal was king, its castle was the breaker— an imposing fortress that crushed, washed and sized billions of tons of Pennsylvania anthracite for use in factories, foundries and homes up and down the East Coast. The old breaker is about 100 miles northwest of Philadelphia in a region that holds nearly all of the nation's anthracite, a pure grade of...

  • Norway's $900B sovereign fund told to reduce coal assets Wednesday, 27 May 2015 | 9:23 PM ET

    Norway's $900 billion sovereign fund was told to cut its exposure to the global coal industry and sell stakes in firms that focus on the sector.

  • OSLO, May 27- Norway's $900 billion sovereign wealth fund, the world's largest, should cut its exposure to the global coal industry and sell stakes in firms that focus on the sector, a key parliamentary committee said on Wednesday. Already under pressure from Norway's political establishment, the fund has been selling down its coal portfolio and said its...

  • CALGARY, Alberta, May 27- A wildfire raging in northeastern Alberta near two major oil sands projects nearly doubled in size to 17,000 hectares on Wednesday, although firefighters made some progress tackling blazes elsewhere in the oil-rich Western Canadian province. The fires have forced energy companies operating in Alberta, the largest source of U.S. oil...

  • OSLO, May 27- Norway's $900 billion sovereign wealth fund, the world's largest, should cut its exposure to the global coal industry and sell stakes in firms that focus on the sector, a key parliamentary committee said on Wednesday. Already under pressure from Norway's political establishment, the fund has been selling down its coal portfolio in recent quarters...

  • Alberta wildfires rage on, intensify near oil sands sites Wednesday, 27 May 2015 | 1:03 PM ET

    CALGARY, Alberta, May 27- A wildfire raging in northeastern Alberta near two major oil sands projects nearly doubled in size to 17,000 hectares on Wednesday, although firefighters made some progress tackling blazes elsewhere in the oil-rich Western Canadian province. Geoffrey Driscoll, a wildfire information officer at the Alberta government, said the fire...

  • New Mexico regulators delay decision on power plant Wednesday, 27 May 2015 | 11:54 AM ET

    SANTA FE, N.M.— New Mexico regulators on Wednesday gave Public Service Co. of New Mexico more time to ink agreements with a mining company, further delaying a decision that will affect the future of a coal-fired power plant that provides electricity to customers around the Southwest. The Public Regulation Commission voted 4-1 in favor of an order that sets a new...

  • China coal production falls in first 4 months of year Wednesday, 27 May 2015 | 6:13 AM ET

    BEIJING— Coal production in China, the world's biggest coal-consuming nation, fell by 6 percent in the first four months of this year as the economy slows and the government makes a concerted push to reduce carbon emissions. China uses roughly half of all of the world's coal production for power generation, heating and industry. Earlier this month, the...

  • China coal production falls in first 4 months of year Tuesday, 26 May 2015 | 10:22 PM ET

    BEIJING— Coal production in China, the world's biggest coal-consuming nation, fell by 6 percent in the first four months of this year as the economy slows and the government makes a concerted push to reduce carbon emissions. China uses roughly half of all of the world's coal production for power generation, heating and industry. Earlier this month, the...

  • CALGARY, Alberta, May 26- Statoil ASA, MEG Energy Corp and Cenovus Energy Inc evacuated hundreds of workers from three oil sands projects in northeastern Alberta on Tuesday as wildfires raged through the key crude-producing region. The Alberta government said there are 70 forest fires now burning in the province, with 20 considered out of control.

  • CALGARY, Alberta, May 26- Cenovus Energy Inc evacuated all 90 workers from its Narrows Lake oil sands project in northeastern Alberta on Tuesday as a precaution against wildfires, the company said. Cenovus, which shut down operations at its Foster Creek project over the weekend, joined MEG Energy and Statoil in pulling workers from their sites on Tuesday as the...

  • CALGARY, Alberta, May 26- Statoil ASA and MEG Energy Inc evacuated non-essential staff from oil sands projects in northeastern Alberta on Tuesday as wildfires raged through the key crude-producing region. The Alberta government said there are 66 forest fires now burning in the province, with 19 considered out of control. Statoil evacuated around 110...

  • CALGARY, Alberta, May 26- MEG Energy Inc said on Tuesday it was suspending operations at its 80,000 barrel per day Christina Lake oil sands project and evacuated non-essential staff as wildfires rage through northeastern Alberta. At least 233,000 barrels per day of oil sands production, nine percent of Alberta's total oil sands output, has been suspended in...

  • LONDON, May 24- For Rivka Micklewaite and fellow students, securing a pledge this week from Oxford University to avoid direct investments in companies producing coal or tar sands is just the beginning. The second-year engineering student from Balliol College is not alone. Norway's $900 billion sovereign wealth fund and the Church of England are among recent...

  • *Dollar rally weighing on oil could run further- Morgan Stanley. *OPEC meets next week; Iran sees no output change. The dollar could rally further, Morgan Stanley said, adding to a growing list of headwinds crude faces that include rising OPEC supply.

  • *U.S. producers to ramp up output with WTI at $60- Goldman Sachs. *Rising dollar, falling oil start of new trend- Morgan Stanley. "We believe that should West Texas Intermediate prices remain near $60 a barrel, U.S. producers will ramp up activity, given improved returns, with costs down by at least 20 percent," Goldman Sachs said.

  • CALGARY, Alberta, May 25- A wildfire raging in northeastern Alberta has shut down around 233,000 barrels per day of production at three oil sands projects and is expected to remain out of control for "some while yet," a provincial government spokesman said on Monday. Over the weekend, Cenovus Energy Inc and Canadian Natural Resources Ltd evacuated staff and halted...

  • LONDON, May 24- For Rivka Micklewaite and fellow students, securing a pledge this week from Oxford University to avoid direct investments in companies producing coal or tar sands is just the beginning. The second-year engineering student from Balliol College is not alone. Norway's $900 billion sovereign wealth fund and the Church of England are among recent...