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Coal and Consumable Fuels

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  • LONDON, Jan 15- The collapse in oil prices is starting to slow growth in U.S. output, OPEC said on Thursday, although the slowdown will not prevent an increasing global surplus in 2015 and demand for the exporter group's oil falling to its lowest in a decade. Oil prices have fallen almost 60 percent since June, partly because OPEC in November decided against cutting...

  • LONDON, Jan 15- The collapse in oil prices is starting to slow growth in U.S. output, OPEC said on Thursday, although the slowdown will not prevent demand for the exporter group's oil falling in 2015 to its lowest in a decade. Oil prices have fallen almost 60 percent since June, partly because OPEC in November decided against cutting output to retain market share...

  • LONDON, Jan 14- Decline curves are fundamental to understanding the outlook for U.S. shale oil production over the next two years. Each well has its own unique production profile and there can be enormous variation between wells in adjacent spacing units let alone in different counties, plays and states. The U.S. Energy Information Administration's National...

  • LONDON, Jan 13- Crude oil prices hit their lowest in almost six years on Tuesday in a market readying for further falls, as a big OPEC producer stood by the group's decision not to cut output to tackle a supply glut. Oil prices have fallen 60 percent from their June 2014 peaks, driven down by rising production, particularly U.S. shale oil, and weaker-than-expected...

  • Jan 12- Canadian Natural Resources Ltd, the country's largest independent oil producer, said on Monday it would defer the first phase of its 40,000- barrel-per-day Kirby North thermal project in northern Alberta until crude prices stabilize. CNRL, which has operations in Western Canada, Britain's North Sea and offshore West Africa, now plans to spend C $6.2...

  • The biggest energy dog bet of all, or value trap? Monday, 12 Jan 2015 | 7:00 AM ET

    Are coal stocks the ultimate energy value play, or should bottom-fishing stock pickers stay far away?

  • HOUSTON, Jan 9- New oil and gas well permits issued across the United States rose slightly in December and surged 72 percent in Colorado and Wyoming after falling sharply in November on tumbling crude prices. New permits plunged nearly 40 percent in November compared to October, signaling a potential slowdown in the shale oil and gas boom that brought the United...

  • CALGARY, Alberta, Jan 9- Royal Dutch Shell will cut from 5 to 10 percent of the about 3,000 jobs at its Albian Sands mining project in northern Alberta, a company spokesman said on Friday, but refrained from connecting the move to plunging oil prices. Albian Sands is the mining portion of Shell's Athabasca Oil Sands project near Fort McMurray, Alberta, which also...

  • By Jane Xie SINGAPORE, Jan 9- For the first time since 2009, a contract to buy crude oil or any sort of refined product costs less if it's for immediate delivery than for future shipment, giving traders more reason to buy now than later. The entire oil complex slipped into contango on Wednesday as a deluge of cargoes triggered by the rise of U.S. shale oil and refinery...

  • OPEC decided against limiting production at its last meeting on Nov 27, despite misgivings from non-Gulf members, after Saudi Oil Minister Ali al-Naimi said the group needed to defend market share against U.S. shale oil and other competing sources. OPEC has forecast an increasing surplus in 2015, citing rising supplies outside the group and lackluster...

  • *U.S. shale oil, OPEC production remain high. LONDON, Jan 7- Brent crude oil recovered slightly after falling below $50 a barrel on Wednesday for the first time since May 2009, as traders took stock after a sharp slide since the start of the year. Brent fell in the previous four sessions as stockpiles of oil mount with no signs of a cut in production from OPEC.

  • *U.S. shale oil, OPEC production remain high. LONDON, Jan 7- Brent crude oil recovered slightly after falling below $50 a barrel for the first time since May 2009 on Wednesday, as traders re-assessed their books after a sharp slide since the start of the year on a growing supply glut and weak global demand. Prices have lost around 55 percent since their peak above $115...

  • *U.S. shale oil, OPEC production remain high. LONDON, Jan 7- Brent crude oil fell below $50 a barrel for the first time since May 2009 on Wednesday, hammered by a growing supply glut and weak global demand. Benchmark Brent crude futures were down 85 cents at $50.25 by 0916 GMT, having fallen as low as $49.66, a level last seen in May 2009.

  • *U.S. shale oil, OPEC production remain high. The pace of global business growth eased to its weakest rate in over a year at the end of 2014 as rates of expansion slowed in both the manufacturing and service industries, according to JPMorgan's Global All-Industry Output Index, produced with Markit. Benchmark Brent crude futures fell to $50.47 a barrel, their lowest...

  • *U.S. shale oil, OPEC production remain high. *Asia and Europe struggle with low growth. The low prices are a result of high output clashing with sluggish demand, especially in Europe, which is still struggling with its debt crisis, and in Asia, where China's growth is slowing and Japan is battling recession.

  • VANCOUVER, Jan 6- British Columbia has banned the transport of oil on pipelines built specifically for proposed liquefied natural gas terminals, in an effort to quell fears that those lines could eventually be converted to carry oil sands crude to coastal markets. As part of its Energy East project, TransCanada Corp plans to convert hundreds of miles of...

  • SYDNEY, Jan 5- Glencore Plc on Monday said it was restarting coal mining operations in Australia, following a three-week suspension aimed at combating a global supply glut made worse by protectionist trade measures introduced in China. World thermal coal trade is estimated to have declined by 4.5 per cent to 1.023 billion tonnes in 2014, driven largely by...

  • U.S. crude had a brief, strong rally early in the day that might have been short-covering, said John Kilduff, a partner in Again Capital LLC, before its gain was cut. Brent has fallen to its lowest in more than five years as top exporter Saudi Arabia and other large Gulf producers continue to pump oil, while U.S. shale oil output grows quickly, despite pleas from other...

  • LONDON, Dec 31- Asia Resource Minerals said on Wednesday that a Singapore tribunal has ruled that former executive Rosan Roeslani has to repay the company $173 million, plus interest and legal costs, lifting its shares by more than 300 percent. The coal producer, formerly known as Bumi, launched the arbitration in Singapore a year ago to enforce a previous...

  • WASHINGTON, Dec 30- The Obama administration on Tuesday bowed to months of growing pressure over a 40- year-old ban on exports of most domestic crude, taking two steps expected to unleash a wave of ultra-light shale oil onto global markets. The Bureau of Industry and Security, or BIS, which regulates export controls, said it had granted permission to "some"...