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Coal and Consumable Fuels

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  • 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.

  • On Thursday, Norwegian oil firm Statoil said it will postpone its 40,000 barrels-a-day Corner project for at least three years, possibly indefinitely. While a handful of other projects have also been delayed or canceled this year, due in part to rising costs, Statoil is the first company to explicitly cite "limited pipeline access" as a reason.

  • 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.

  • SYDNEY, Sept 25- Adani Mining on Thursday took a step closer to the development of a A $2.2 billion coal mining project in Australia after the federal government approved construction of a rail haulage line.

  • DICKINSON, N.D., Sept 24- Crude oil would cost at least $150 a barrel due to supply disruptions in the Middle East and North Africa were it not for rising production in North Dakota and Texas, U.S. Energy Information Administration chief Adam Sieminski said in an interview on Wednesday.

  • CALGARY, Alberta, Sept 19- Canada's oil sands industry is shrugging off declining world oil prices as some of the world's highest-cost producers find a cushion in strong demand and a weakened domestic currency.

  • BUENOS AIRES, Sept 17- Argentina's federal government said on Wednesday it had reached a preliminary agreement with provinces on reforms to overhaul energy regulations and improve incentives to lure the foreign investors needed to develop its vast shale oil and gas reserves.

  • LAUNCESTON, Australia, Sept 17- Who to believe? In theory, the Chinese ban from the start of 2015 on coal imports above certain ash and sulphur contents appears to favour Indonesia, the world's biggest shipper of thermal coal, over Australia, the world's top exporter of metallurgical coal and number two for thermal coal.

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

    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.

  • WASHINGTON, Sept 16- Pipeline operator TransCanada Corp is likely to haul Canadian oil sands crude by rail whether or not its embattled Keystone XL pipeline project is finally approved by Washington, the company's chief executive said on Tuesday.

  • MOSCOW, Sept 14- Fresh U.S. and EU sanctions imposed on Moscow will bring an abrupt halt to exploration of Russia's huge Arctic and shale oil reserves and complicate financing of existing Russian projects from the Caspian Sea to Iraq and Ghana.

  • Steady or growing output from Iraq and Libya, where investors had feared violence would cut production, and the shale oil boom in the United States as well as a stronger U.S. dollar have helped to depress the oil price. However, uncertainty in Iraq and possible threats to production there and in Libya could lead to sharp gains at short notice, analysts said.

  • Oil producers in condensate-heavy shale crude plays like the Eagle Ford and the western Permian Basin in Texas also could fetch better condensate prices if exported, as U.S. refiners have limited demand for it.

  • NEW DELHI, Sept 7- The Indian government on Sunday blamed cost overruns at coal projects and $50 billion in losses at state electricity distributors for a power crisis that has become the first test of Prime Minister Narendra Modi's management of the economy.

  • NEW DELHI, Sept 5- Australian Prime Minister Tony Abbott sealed a civil nuclear deal to sell uranium to India on Friday and also offered to increase supplies of conventional fuel to help it overcome chronic shortages.

  • NEW DELHI, Sept 5- Australian Prime Minister Tony Abbott said he would seal a civil nuclear deal to sell uranium to India on Friday, offering to ramp up supplies of energy to help the emerging Asian giant overcome chronic shortages. Prime Minister Narendra Modi greeted Abbott with full state honours during his two-day visit to India.

  • Sept 4- Mining equipment maker Joy Global Inc posted lower-than-expected quarterly revenue and profit and the company narrowed its full-year earnings forecast range as coal miners cut spending due to weak coal prices amid an oversupply.

  • UPDATE 2-Buckeye buys Trafigura's prized Texas oil assets Wednesday, 3 Sep 2014 | 11:45 AM ET

    Sept 3- Oil logistics specialist Buckeye Partners LP said it will pay $860 million for control of Trafigura's prized oil facilities in the Texas shale hub, while expectations rise that Washington will relax its ban on crude oil exports.