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Coal and Consumable Fuels

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  • *Diesel demand hit as China's heavy industry, coal mining slows. BEIJING/ SINGAPORE, June 17- Diesel has found an unexpected ally in the growing legion of delivery trucks spawned by China's rapidly expanding e-commerce, forestalling any drop in the country's consumption of the fuel as the economy shifts its focus away from manufacturing. In a sign of China's...

  • HOUSTON/ NEW YORK, June 15- Steep downward revisions to oil and gas reserves at the end of this year are likely to increase scrutiny of how energy companies tally future barrels- a process that has become more opaque with the rise of shale drilling. Reserve growth is used at companies, including ConocoPhillips as a component of the chief executive's compensation.

  • June 12- Rio Tinto may have to book a $300 million provision after its subsidiary Energy Resources of Australia decided to shelve a uranium project due to weak market conditions. Shares in Rio Tinto, which said it agreed with ERA's decision not to proceed, were little changed in both Australia and London on Friday. Uranium prices plunged after the March 2011...

  • June 11- Cenovus Energy Inc said it had resumed normal operations at its Foster Creek oil sands site in Alberta after a forest fire led to a precautionary shutdown on May 23. Canada's No. 2 independent oil producer had evacuated about 1,800 workers and shut down production at the site, which it operates as part of a joint venture with ConocoPhillips.

  • NUSA DUA, Indonesia, June 10- The coal industry always seems to be looking for a white knight to rescue it from some crisis, and it is perhaps ironic that Indonesia, the world's largest exporter, is the next great hope that is to save global miners from the current supply glut. The theory is that as Indonesia ramps up domestic coal-fired power generation, it will rotate...

  • CALGARY, Alberta, June 9- Weak oil prices will slash growth in Canada's prolific oil sands, cutting production and discouraging investment in the world's third-largest crude reserve, according to a new forecast from Canada's most influential oil industry lobby group. Though smaller than the oil fields of Venezuela and Saudi Arabia, the tar sands of northern...

  • WASHINGTON, June 9- A U.S. appeals court on Tuesday rejected an industry and state challenge to the Obama administration's proposal to curb carbon dioxide emissions from existing power plants. More than a dozen states and coal company Murray Energy Corp had urged the court to block the U.S. Environmental Protection Agency's proposal, which is central to...

  • LONDON, June 9- Oil prices rose above $64 a barrel on Tuesday as higher seasonal demand in developed economies and expectations of falling U.S. shale production reduced the impact of a large global supply overhang. Brent for July delivery was up $1.67 at $64.36 a barrel at 1139 GMT, having settled down 62 cents in the previous session. Demand for oil tends to...

  • NUSA DUA, Indonesia, June 9- Coal prices in Asia are already at levels that have forced some producers to curb supply and are unlikely to fall more than another $10, industry officials said on Tuesday. "There is space for prices to fall further but only marginally, because we are getting very, very close to production costs," said Edwin Tsang, head of marketing at...

  • CALGARY, Alberta, June 8- Canadian Natural Resources Ltd expects two oil sands projects in northern Alberta to return to normal rates of production this week, the company said on Monday, more than two weeks after output was first shut in by wildfires. Fellow Canadian oil company Cenovus Energy Inc also evacuated its 135,000 bpd Foster Creek project in northern...

  • This $20 million taxpayer ripoff just won't die Monday, 8 Jun 2015 | 7:54 AM ET
    Operating Engineer Michael Burden prepares to move a cut of coal hoppers for unloading at the Tennessee Valley Authority Paradise Fossil Plant in Paradise, Kentucky.

    There is some mystery to why a provision dating back to the 1960s that makes little economic sense remains embedded in the government's spending laws.

  • June 5- U.S. oil drillers boosted activity in four key basins this week, bringing the promise of additional oil to a market that faces OPEC's Friday decision to leave production caps unchanged. In the latest week, drillers added one oil rig in the Permian basin in West Texas and eastern New Mexico, the biggest and fastest growing U.S. shale oil basin.

  • LAUNCESTON, Australia, June 5- Indonesia appears to be doing more of the heavy lifting than Australia when it comes to cutting coal output and exports in the face of persistently weak prices. Coal production in Indonesia, the world's largest exporter of the fuel used in power stations, dropped 21 percent year-on-year in the first quarter to 97 million tonnes.

  • CALGARY, Alberta, June 4- Production at two of Canada's major oil sands operations remained suspended on Thursday as wildfires continue to rage in northern Alberta. Cenovus Energy Inc's 135,000 barrel per day Foster Creek oil sands project and Canadian Natural Resources Ltd's 80,000 bpd Primrose site have been shut for a week after staff were evacuated when a...

  • WASHINGTON, June 4- Coal giant Peabody Energy has been among the harshest critics of federal energy policies, joining a court challenge to the Obama administration's new clean air regulations and denouncing its promotion of renewable fuels. "Our team will examine all aspects of bonding and self-bonding," said Chris Holmes, a spokesman for the Office of Surface...

  • PARIS, June 4- In 2011 the International Energy Agency saw potential for a "golden age of gas". In Asia, gas comes largely in the form of pricey Liquefied Natural Gas and has to compete with locally-produced coal. On Thursday, the head of Italian utility Snam said demand would be flat until 2030. The IEA also weighed in with a cut to its five-year forecast to 2 percent a...

  • HARLAN COUNTY, KY, June 4- When Dan Mosley became head of Kentucky's Harlan County government this year, he promised- like those elected before him- to defend the state's beleaguered coal industry. Talk of an economic transition remains difficult in eastern Kentucky, where you can still spot bumper stickers that read "Mine Every Lump" and statues honor coal miners.

  • CALGARY, Alberta, June 3- Canadian Natural Resources Ltd said on Wednesday it is ramping up production at its 30,000 barrel per day Kirby South oil sands project in northern Alberta as the wildfire threat in the region eases. The company was forced to cut production to 12,000 bpd last week because of wildfire disruptions. Spokeswoman Julie Woo said only minor...

  • CALGARY, Alberta, June 2- The threat of wildfires to oil sands projects in northeastern Alberta eased on Tuesday as two companies forced to evacuate staff from the region began checking equipment abandoned for more than a week, though production has not yet resumed. Canadian Natural Resources Ltd said on Tuesday its staff are making safety checks at its...

  • DTEK CEO SAYS CONFIDENT MONTHLY COAL SUPPLY FROM REBEL-CONTROLLED UKRAINE CAN BE DOUBLED TO 600,000 TONNES.