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Coal and Consumable Fuels

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  • LONDON, Jan 21- The eight states at the heart of the American shale oil revolution all grew faster than the U.S. national average over the last decade, according to the U.S. Bureau of Economic Analysis, underscoring the importance of oil production to the U.S. economy. North Dakota's private industry achieved a spectacular CAGR of 7.4 percent while Wyoming, Utah and...

  • CALGARY, Alberta, Jan 20- Canada's oil sands companies are perilously close to operating at a loss after six months of plunging crude prices, yet many say they have no plans to cut production at their vast projects in northern Alberta. On the contrary, Syncrude and Canadian Natural Resources Ltd are planning to boost production, in the expectation economies of...

  • LAUNCESTON, Australia, Jan 19- The new year has started positively for Asian coal, with prices rallying from a 5-1/ 2 year low, Chinese imports jumping to the highest in 11 months and renewed merger and acquisition interest. The spot price of thermal coal at Australia's Newcastle port, an Asian benchmark, rose to $62.91 a tonne in the week ended Jan. 16, up 3 percent from...

  • LONDON, Jan 16- Oil prices may have further to fall and a rebound could take some time, despite increasing signs that the downtrend will end, possibly in the second half of this year as North American supply growth slows, the West's energy watchdog said on Friday. Crude oil prices have fallen almost 60 percent over the last six months with both of the world's crude oil...

  • LONDON, Jan 15- The collapse in oil prices is starting to slow growth in U.S. output, OPEC said on Thursday, although the slowdown will not prevent an increasing global surplus in 2015 and demand for the exporter group's oil falling to its lowest in a decade. Oil prices have fallen almost 60 percent since June, partly because OPEC in November decided against cutting...

  • LONDON, Jan 15- The collapse in oil prices is starting to slow growth in U.S. output, OPEC said on Thursday, although the slowdown will not prevent demand for the exporter group's oil falling in 2015 to its lowest in a decade. Oil prices have fallen almost 60 percent since June, partly because OPEC in November decided against cutting output to retain market share...

  • LONDON, Jan 14- Decline curves are fundamental to understanding the outlook for U.S. shale oil production over the next two years. Each well has its own unique production profile and there can be enormous variation between wells in adjacent spacing units let alone in different counties, plays and states. The U.S. Energy Information Administration's National...

  • LONDON, Jan 13- Crude oil prices hit their lowest in almost six years on Tuesday in a market readying for further falls, as a big OPEC producer stood by the group's decision not to cut output to tackle a supply glut. Oil prices have fallen 60 percent from their June 2014 peaks, driven down by rising production, particularly U.S. shale oil, and weaker-than-expected...

  • Jan 12- Canadian Natural Resources Ltd, the country's largest independent oil producer, said on Monday it would defer the first phase of its 40,000- barrel-per-day Kirby North thermal project in northern Alberta until crude prices stabilize. CNRL, which has operations in Western Canada, Britain's North Sea and offshore West Africa, now plans to spend C $6.2...

  • The biggest energy dog bet of all, or value trap? Monday, 12 Jan 2015 | 7:00 AM ET

    Are coal stocks the ultimate energy value play, or should bottom-fishing stock pickers stay far away?

  • HOUSTON, Jan 9- New oil and gas well permits issued across the United States rose slightly in December and surged 72 percent in Colorado and Wyoming after falling sharply in November on tumbling crude prices. New permits plunged nearly 40 percent in November compared to October, signaling a potential slowdown in the shale oil and gas boom that brought the United...

  • CALGARY, Alberta, Jan 9- Royal Dutch Shell will cut from 5 to 10 percent of the about 3,000 jobs at its Albian Sands mining project in northern Alberta, a company spokesman said on Friday, but refrained from connecting the move to plunging oil prices. Albian Sands is the mining portion of Shell's Athabasca Oil Sands project near Fort McMurray, Alberta, which also...

  • By Jane Xie SINGAPORE, Jan 9- For the first time since 2009, a contract to buy crude oil or any sort of refined product costs less if it's for immediate delivery than for future shipment, giving traders more reason to buy now than later. The entire oil complex slipped into contango on Wednesday as a deluge of cargoes triggered by the rise of U.S. shale oil and refinery...

  • OPEC decided against limiting production at its last meeting on Nov 27, despite misgivings from non-Gulf members, after Saudi Oil Minister Ali al-Naimi said the group needed to defend market share against U.S. shale oil and other competing sources. OPEC has forecast an increasing surplus in 2015, citing rising supplies outside the group and lackluster...

  • *U.S. shale oil, OPEC production remain high. LONDON, Jan 7- Brent crude oil recovered slightly after falling below $50 a barrel on Wednesday for the first time since May 2009, as traders took stock after a sharp slide since the start of the year. Brent fell in the previous four sessions as stockpiles of oil mount with no signs of a cut in production from OPEC.

  • *U.S. shale oil, OPEC production remain high. LONDON, Jan 7- Brent crude oil recovered slightly after falling below $50 a barrel for the first time since May 2009 on Wednesday, as traders re-assessed their books after a sharp slide since the start of the year on a growing supply glut and weak global demand. Prices have lost around 55 percent since their peak above $115...

  • *U.S. shale oil, OPEC production remain high. LONDON, Jan 7- Brent crude oil fell below $50 a barrel for the first time since May 2009 on Wednesday, hammered by a growing supply glut and weak global demand. Benchmark Brent crude futures were down 85 cents at $50.25 by 0916 GMT, having fallen as low as $49.66, a level last seen in May 2009.

  • *U.S. shale oil, OPEC production remain high. The pace of global business growth eased to its weakest rate in over a year at the end of 2014 as rates of expansion slowed in both the manufacturing and service industries, according to JPMorgan's Global All-Industry Output Index, produced with Markit. Benchmark Brent crude futures fell to $50.47 a barrel, their lowest...

  • *U.S. shale oil, OPEC production remain high. *Asia and Europe struggle with low growth. The low prices are a result of high output clashing with sluggish demand, especially in Europe, which is still struggling with its debt crisis, and in Asia, where China's growth is slowing and Japan is battling recession.

  • VANCOUVER, Jan 6- British Columbia has banned the transport of oil on pipelines built specifically for proposed liquefied natural gas terminals, in an effort to quell fears that those lines could eventually be converted to carry oil sands crude to coastal markets. As part of its Energy East project, TransCanada Corp plans to convert hundreds of miles of...