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Coal and Consumable Fuels

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  • CALGARY, Alberta, Oct 8- Canadian crude exports to the United States topped 3 million barrels per day last week for the first time, suggesting delays to new export pipelines such as TransCanada Corp's Keystone XL were failing to check oil sands development. Enbridge Inc has also run into regulatory delays on its cross-border Alberta Clipper pipeline expansion...

  • Midday Glance: Coal companies Wednesday, 8 Oct 2014 | 1:33 PM ET

    Arch Coal fell$. 11 or 6.5 percent, to $1.52. Consol Energy Inc. fell$. 94 or 2.7 percent, to $33.78. Peabody Energy fell$. 27 or 2.5 percent, to $10.68.

  • Early Glance: Coal companies Wednesday, 8 Oct 2014 | 10:52 AM ET

    Arch Coal fell$. 14 or 8.6 percent, to $1.48. Consol Energy Inc. fell$. 39 or 1.1 percent, to $34.33. Peabody Energy fell$. 07 or. 6 percent, to $10.88.

  • LONDON, Oct 7- The United States imported more than 7 million barrels per day of crude oil during the first seven months of the year, despite the shale boom, according to the U.S. Energy Information Administration. Some observers have expressed unease about lifting the ban on crude exports while the United States continues to rely on imports to meet such a high...

  • *Canada lobbied against previous labelling proposal. BRUSSELS/ CALGARY, Oct 7- A European Union plan to label Canadian tar sands oil as highly polluting as part of its fight against climate change has been abandoned after years of opposition from Canada, clearing the way for exports of tar sands crude to the European market. Canada sees Europe as a potential...

  • UPDATE 1-EU abandons 'dirty' label for tar sands oil Tuesday, 7 Oct 2014 | 7:24 AM ET

    *Canada lobbied against previous labelling proposal. BRUSSELS, Oct 7- A European Union plan to label tar sands oil as highly polluting in its fight against climate change has been abandoned after years of opposition led by major producer Canada. A proposal published by the European Commission on Tuesday removes an obstacle to Canada exporting tar sands crude...

  • *Canada lobbied fiercely against previous proposal. BRUSSELS, Oct 7- The European Commission on Tuesday proposed scrapping a mandatory requirement to label tar sands oil as highly polluting after years of industry opposition. The new proposal abandons one obstacle to Canada shipping crude from tar sands to Europe and is likely to draw strong criticism from...

  • POLL-Oil price forecasts cut, to stay subdued in 2015 Wednesday, 1 Oct 2014 | 10:12 AM ET

    *Brent seen averaging $103.30, WTI $96.10 in 2015. Brent has averaged near $110 a barrel since 2011 but has fallen sharply since June as U.S. shale oil supplies outstripped expectations and Iraqi and Libyan production has risen despite violence and political unrest in the two OPEC members.

  • *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.

  • 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.

  • 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.