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Coal and Consumable Fuels

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  • Oct 30- Coal miner Walter Energy Inc reported a smaller loss in the third quarter as its cost cutting efforts paid off. Net loss narrowed to $98.9 million, or $1.48 per share in the quarter ended Sept. 30, from $100.7 million, or $1.61 per share, a year earlier. Revenue fell 28 percent to $329.5 million hurt by lower steelmaking coal prices.

  • Oct 29- Canadian oil sands producer MEG Energy is considering applying for a license to re-export Canadian crude from the U.S. Gulf Coast, chief executive officer Bill McCaffrey said on Wednesday. MEG has committed capacity of up to 100,000 barrels-per-day on Enbridge's new Flanagan South pipeline, which will link up with the Seaway pipeline to transport...

  • Oct 29- Canadian uranium producer Cameco Corp said it expected full-year revenue to fall up to 5 percent as it trims production to account for labor issues at its mines. Cameco trimmed its 2014 uranium production forecast to between 22.6 million-22.8 million pounds, from 22.8 million- 23.3 million pounds. Cameco, which has contracts at prices above the spot...

  • Oct 29- Canadian oil sands producer MEG Energy Corp reported weaker-than-expected quarterly revenue and operating profit due to lower realized prices for bitumen and higher operating costs. Realized prices for bitumen fell to C $65.12 per barrel in the third quarter from C $74.33 a year earlier, while net operating costs rose to C $10.31 per barrel from C...

  • Secretary of State John Kerry said on Tuesday during a visit to Canada that he would like to make a decision soon on TransCanada Corp's Keystone XL crude oil pipeline. TransCanada has waited more than six years for the Obama administration to make a decision on the line, which would take as much as 830,000 barrels per day of Alberta tar sands crude to refineries on...

  • BRUSSELS, Oct 24- European Union leaders struck a deal on a new target to cut carbon emissions out to 2030, calling it a new global standard but leaving critics warning that compromises had undermined the fight against climate change. Talks in Brussels stretched into the small hours of Friday as Poland battled to spare its coal industry and other states tweaked...

  • EU strikes compromise to set new climate target Thursday, 23 Oct 2014 | 7:20 PM ET

    BRUSSELS, Oct 24- European Union leaders struck a deal on a new target to cut carbon emissions out to 2030, calling it a new global standard but leaving critics warning that compromises had undermined the fight against climate change. Talks in Brussels stretched into the small hours of Friday as Poland battled to spare its coal industry and other states tweaked...

  • Bernstein Research said this week that about a third of U.S. shale production would be uneconomical if oil prices were to fall to $80 per barrel. E&P industry needs $90 NYMEX, about $100 Brent, oil prices to maintain the current oil rig count of 1,500-1,600 rigs, which is intrinsic to our U.S. oil production outlook. MORNINGSTAR INC "Our analysis suggests that the...

  • BUENOS AIRES, Oct 23- Persistent government intervention in Argentina's stagnating economy means oil and gas firms will remain cautious even if Congress backs a proposed law offering sweeteners to attract new investments worth tens of billions of dollars. Argentina needs to ramp up production from its vast but barely tapped Vaca Muerta shale oil and gas...

  • SAN FRANCISCO, Oct 22- Shipments of Bakken crude oil from North Dakota to California by barge have quietly overtaken those by train for the first time, showing how the state's isolated refiners are using any means necessary to tap into the nation's shale oil boom. While tough permitting rules and growing resistance by environmentalists have slowed efforts to...

  • Cenovus's operating cash flow from refining fell 53 percent due to an unplanned coker outage in July at its Borger refinery in Texas and a planned turnaround at the Wood River refinery in Illinois. Cenovus, which co-owns the Foster Creek and Christina Lake oil sands projects with ConocoPhillips, said its total oil production rose 13 percent to 199,089 barrels...

  • But a Reuters investigation found in 2012 that coal companies were using affiliated brokers to settle royalty payments on exports to Asia at much lower domestic prices. The findings prompted Senator Ron Wyden, a Democrat from Oregon, to call on the U.S. Interior Department early last year to investigate the practice. While that review continues, the U.S. Office...

  • *India- based firms may mine coal for consumption or sale- order. *Foreign firms with India units may qualify- source. NEW DELHI, Oct 22- India could allow commercial coal mining by foreign companies if they set up units in the country, opening the door for global giants like Rio Tinto to access the world's fifth-largest coal reserves, a source familiar with the matter...

  • The 10 biggest energy company bankruptcies Monday, 13 Oct 2014 | 10:49 AM ET
    File photo: Laid-off Enron employees outside Enron headquarters as the company collapsed in 2001

    The energy industry has seen several bankruptcies that ran into the billions of dollars, according to Oilprice.com.

  • 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.

  • 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.

  • Cramer's stocks to watch: Nat gas outlook   Tuesday, 19 Aug 2014 | 8:53 AM ET
    Cramer's stocks to watch: Nat gas outlook

    Don't start your trading day without finding out what CNBC's Jim Cramer is watching ahead of the opening bell.

  • 10 economies hit hard by climate change Thursday, 14 Aug 2014 | 4:41 AM ET

    CNBC looks at which countries may be worst hit, both environmentally and economically, by climate change.