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Coal and Consumable Fuels

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  • Niger cabinet approves new Areva uranium deal Friday, 10 Oct 2014 | 7:11 PM ET

    NIAMEY, Oct 10- Niger's cabinet of ministers on Friday approved a renewal of French nuclear group Areva's uranium production deal in the West African nation, the government said on Friday, completing two years of often fraught negotiations. The two parties announced the signature of a new 10- year agreement for Areva's Somair and Cominak mines in May, but...

  • *Australia's coal miners defy supply glut. Glencore Plc, one of Australia's biggest miners, estimates up to a third of Australia's coal sector is running at a loss, yet collieries are flooding countries such as China and Japan with million of tonnes of coking coal used to make steel and thermal coal to generate power. Many companies were facing a balancing act on...

  • MELBOURNE, Oct 10- Australia must hold urgent talks with China to exempt coal producers from new tariffs in a free trade agreement due to be completed this year, an industry body said, following Beijing's move to reintroduce coal tariffs after nearly a decade. The tariffs would hit Australian producers hardest as its main coal export rival, Indonesia, is exempt...

  • Why the strong dollar may sink junk bonds Thursday, 9 Oct 2014 | 11:14 PM ET

    A simmering mix of a strong dollar and weak commodity prices may brew up trouble for junk bond ETFs with a hefty weighting in materials companies.

  • MELBOURNE, Oct 10- Australia must hold urgent talks with China to exempt coal producers from new tariffs in a free trade agreement due to be completed this year, an industry body said, following Beijing's move to reintroduce coal tariffs after nearly a decade. China took nearly a quarter of Australia's metallurgical coal exports in the year to June 2014, buying A...

  • The decision by Beijing to levy a duty of 6 percent on thermal coal and 3 percent on coking coal imports from Oct. 15 certainly is yet another blow to Australia's already beleaguered coal miners. They will suffer disproportionately as the tariffs won't affect shipments from rival Indonesia, given it enjoys a free-trade agreement with China through being part...

  • Oct 9- A year of increasingly vocal support for easing a decades-old ban on U.S. crude exports has failed to convince American voters that doing so would be a good idea, according to a new Reuters-IPSOS poll that highlights the political perils of opening the door to shale oil sales abroad. Only a handful of politicians, most prominently Republican Senator Lisa...

  • The mill, idled in 2010, has been undergoing modifications to allow it to process ore from the province's Cigar Lake uranium mine, which is operated by Cameco Corp.. Cameco started mining at Cigar Lake in March and has so far delivered 1,400 tonnes of ore to McClean Lake, Cameco said in a statement. Cameco operates the Cigar Lake mine and owns 50 percent of it, with...

  • CALGARY, Alberta, Oct 8- Canadian crude exports to the United States topped 3 million barrels per day last week for the first time, suggesting delays to new export pipelines such as TransCanada Corp's Keystone XL were failing to check oil sands development. Enbridge Inc has also run into regulatory delays on its cross-border Alberta Clipper pipeline expansion...

  • LONDON, Oct 7- The United States imported more than 7 million barrels per day of crude oil during the first seven months of the year, despite the shale boom, according to the U.S. Energy Information Administration. Some observers have expressed unease about lifting the ban on crude exports while the United States continues to rely on imports to meet such a high...

  • *Canada lobbied against previous labelling proposal. BRUSSELS/ CALGARY, Oct 7- A European Union plan to label Canadian tar sands oil as highly polluting as part of its fight against climate change has been abandoned after years of opposition from Canada, clearing the way for exports of tar sands crude to the European market. Canada sees Europe as a potential...

  • UPDATE 1-EU abandons 'dirty' label for tar sands oil Tuesday, 7 Oct 2014 | 7:24 AM ET

    *Canada lobbied against previous labelling proposal. BRUSSELS, Oct 7- A European Union plan to label tar sands oil as highly polluting in its fight against climate change has been abandoned after years of opposition led by major producer Canada. A proposal published by the European Commission on Tuesday removes an obstacle to Canada exporting tar sands crude...

  • *Canada lobbied fiercely against previous proposal. BRUSSELS, Oct 7- The European Commission on Tuesday proposed scrapping a mandatory requirement to label tar sands oil as highly polluting after years of industry opposition. The new proposal abandons one obstacle to Canada shipping crude from tar sands to Europe and is likely to draw strong criticism from...

  • POLL-Oil price forecasts cut, to stay subdued in 2015 Wednesday, 1 Oct 2014 | 10:12 AM ET

    *Brent seen averaging $103.30, WTI $96.10 in 2015. Brent has averaged near $110 a barrel since 2011 but has fallen sharply since June as U.S. shale oil supplies outstripped expectations and Iraqi and Libyan production has risen despite violence and political unrest in the two OPEC members.

  • *1st export of Alaskan crude to South Korea in more than a decade. NEW YORK/ SEOUL, Sept 30- The first U.S. export of Alaskan crude to South Korea in more than a decade set sail at the weekend, according to a company source and shipping data, marking another milestone as booming shale oil output forces domestic drillers to seek new customers.

  • China shares post best quarterly gains in years Tuesday, 30 Sep 2014 | 3:12 AM ET

    HONG KONG, Sept 30- China shares inched up on Tuesday, the last day of a quarter in which the main indexes had their biggest gains in four years. China markets will be shut Oct. 1-7 for its national holiday. Chinese coal producers jumped after the State Council said China would impose a new resource tax on coal from Dec. 1 and cancel a series of existing charges.

  • *1st export of Alaskan crude to South Korea in more than a decade. NEW YORK/ SEOUL, Sept 30- The first U.S. export of Alaskan crude to South Korea in more than a decade set sail at the weekend, according to a company source and shipping data, marking another milestone as booming shale oil output forces domestic drillers to seek new customers.

  • India’s coal sector bears brunt of reform Thursday, 25 Sep 2014 | 10:37 PM ET

    India's move to cancel allocations of coal reserves promises plenty of turmoil, but it may be more business friendly than it first appears.

  • Big Oil likely unfazed by divestments—for now Thursday, 25 Sep 2014 | 12:40 PM ET

    Renewable energy advocates got a boost this week from the Rockefeller Brothers Fund, but it's not enough to make the oil and gas industry fret just yet.

  • China's coal ban is a 'storm in the teacup': Pro   Tuesday, 16 Sep 2014 | 11:24 PM ET
    China's coal ban is a 'storm in the teacup': Pro

    David Lennox, Resources Analyst at Fat Prophets, discusses how Beijing's ban on the importing of highly-polluting coal could impact Australia's mining industry.