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Coal and Consumable Fuels

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  • BISMARCK, North Dakota, June 24- Enterprise Products Partners LP proposed on Tuesday to build a 340,000 barrel per day pipeline to move shale oil from the Bakken formation, hoping to succeed where others have failed.

  • June 24- Coal miners and power companies are both suffering as railroads struggle to clear a backlog of coal stuck in the Powder River Basin in Wyoming and Montana after the harshest winter in over a decade.

  • Daniel Curran, University of Dayton president, explains the university's push for the environment and why it divested coal and fossil fuels from its $670 million investment pool.

  • RPT-COLUMN-Can we really do without coal? Kemp Monday, 23 Jun 2014 | 8:01 AM ET

    LONDON, June 23- Two-thirds of the world's already discovered reserves of oil, coal and natural gas must remain unburned if the rise in average global temperatures is to be limited to 2 degrees Celsius by 2050, according to the International Energy Agency.

  • COLUMN-Can we really do without coal? Kemp Sunday, 22 Jun 2014 | 10:01 PM ET

    LONDON, June 23- Two-thirds of the world's already discovered reserves of oil, coal and natural gas must remain unburned if the rise in average global temperatures is to be limited to 2 degrees Celsius by 2050, according to the International Energy Agency.

  • *Mechel may issue convertible bonds. *Mechel to use proceeds to pay off a part of its debt. STAVROPOL/ MOSCOW, Russia, June 19- Russia is considering a $5 billion bail-out of Mechel, the country's largest producer of steelmaking coal, a government official said on Thursday, a rescue deal that could reduce the stake of controlling shareholder businessman Igor Zyuzin.

  • STAVROPOL, Russia, June 19- The Russian government is in talks with state banks on providing 180 billion roubles as part of a restructuring package for indebted coal producer and steelmaker Mechel, Economy Minister Alexei Ulyukayev said on Thursday.

  • The company raised $350 million after the offering of $17.5 million common units, representing limited partner interests, were priced at $20 each. The company's shares opened at $20 on the New York Stock Exchange on Wednesday, but fell to $19.52. Barclays, Citigroup and Morgan Stanley were the lead underwriters for the offering.

  • *Falling coal prices hurting Indonesia's small producers. JAKARTA, June 18- Plunging thermal coal prices will force some small and low-margin producers in Indonesia out of business before year-end, an industry group said, cutting output capacity in the world's top exporter.

  • NEW DELHI, June 16- For a coal producer trying to navigate India's complex federal structure, size matters. That harsh lesson was learnt by S. Narsing Rao, the outgoing chairman and managing director of Coal India Ltd, the world's biggest coal miner. Even though it is India's second-biggest coal producer, it is small compared with Coal India.

  • June 11- As the U.S. Environmental Protection Agency rolls out tough new rules designed to slash power plant emissions, Consol Energy Inc is showcasing its transformation from a coal miner to a producer of cleaner-burning natural gas. "The more information we can get, the better," said Clarkson Capital Markets analyst Jeremy Sussman.

  • CALGARY, Alberta, June 6- Canada is enjoying an unexpected boom in production of ultra-light crude known as condensate, defying long-held predictions of dwindling supply.

  • BRUSSELS, June 5- European Union policymakers propose to scrap a mandatory requirement to label oil from tar sands as more polluting than other forms of crude following years of lobbying from top producer Canada, according to a draft document seen by Reuters.

  • June 5- Mining equipment maker Joy Global Inc reported a better-than-expected quarterly profit and said orders for maintenance services rose for the second straight quarter. Joy Global shares rose as much as 5.3 percent in early trading on Thursday.

  • June 5- Mining equipment maker Joy Global Inc reported a 59 percent drop in quarterly profit as miners cut spending on underground mining equipment in the face of weak coal prices. Joy Global, which gets about two-thirds of its revenue from coal miners, said pricing in the metallurgical coal markets in the first three months of 2014 was the weakest since 2009..

  • WASHINGTON, June 4- Kentucky may be well positioned to meet a carbon emission target for power plants set by federal regulators, even as U.S. Senate candidates there blast the plan, saying it will cripple the state's coal industry. The result: the Bluegrass State may be able to meet EPA targets between now and 2030..

  • Germany to set new rules for fracking Wednesday, 4 Jun 2014 | 10:36 AM ET

    BERLIN, June 4- Germany plans to draw up new rules in the coming weeks for the controversial method of fracking for gas, which will impose tight restrictions on the technique that has led to a shale gas boom in the United States. Germany's ruling parties had promised in their coalition agreement last year to set a legal framework for fracking.

  • COLUMN-U.S. EPA goes (relatively) easy on coal: Kemp Wednesday, 4 Jun 2014 | 8:10 AM ET

    LONDON, June 4- Despite the heated war of words between supporters of the coal industry and environmentalists, the Obama administration's Clean Power Plan is relatively generous to coal interests. Coal- fired generation has been declining owing to the abundance of cheap natural gas thanks to fracking.

  • --Clyde Russell is a Reuters columnist. NUSA DUA, Indonesia, June 4- "There is no skin left on my teeth to hang on with," was the lament of a coal trader, expressing a sentiment echoed time and again at the industry's largest gathering in Asia.

  • New EPA rules won't hurt consumer: Public Citizen Monday, 2 Jun 2014 | 4:53 PM ET
    Coal fired Morgantown Generating Station, in Newburg, Maryland, May 29, 2014.

    The EPA's new proposal to reduce carbon emissions won't negatively affect the consumer, Public Citizen's Tyson Slocum told CNBC.