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Coal and Consumable Fuels

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  • LONDON, Dec 10- Global demand for OPEC crude in 2015 will be less than expected and far below its current output, the group said on Wednesday, pointing to a hefty supply surplus without OPEC output cuts or a slowdown in the U.S. shale boom. The report follows OPEC's decision last month not to prop up prices by cutting output. Top exporter Saudi Arabia urged fellow...

  • LONDON, Dec 10- Global demand for oil from OPEC next year will be less than expected because of weaker growth in consumption and the U.S. shale boom, the group said on Wednesday, pointing to an increasing supply surplus in 2015.. In a monthly report, the Organization of the Petroleum Exporting Countries forecast demand for the group's oil will drop to 28.92 million...

  • NEW YORK, Dec 8- Oil production from the United States' biggest shale plays is poised to keep expanding at the same breakneck pace into early next year, according to new U.S. projections released on Monday that highlighted a slow response to tumbling prices. Oil production from the three main plays- the Bakken, Eagle Ford and Permian Basin- is set to rise by some...

  • KIEV, Dec 8- Ukraine's government has allowed state energy company Ukrinterenergo to import electricity from Russia to cover current power shortages caused by a lack of coal, the Ukrainian energy ministry said. Ukraine and Russia have joint electricity systems and there are no technical obstacles to such imports, but analysts say importing electricity is...

  • *Energy squeeze since June after Russia gas cut off. Without Russian natural gas imports since June and hit by separatist violence that has disrupted its own coal mining, Ukraine has been forced to introduce mass electricity cuts. To help keep coal-fired power plants operating it turned to South Africa for one million tonnes of coal and received three...

  • *Energy squeeze since June after Russia gas cut off. Without Russian natural gas imports since June and hit by separatist violence that has disrupted its own coal mining, Ukraine has been forced to introduce mass electricity cuts. To help keep coal-fired power plants operating it turned to South Africa for one million tonnes of coal and received three...

  • WILLISTON, N.D./ HOUSTON, Dec 5- U.S. energy firms are swiftly shifting drilling rigs away from less productive areas and hunkering down in sweet spots of North Dakota and Texas shale oil fields as they try to lift output and cut costs in response to the toughest crude market in years. Rig deployments or applications for new well permits fell by half in recent months...

  • Will oil’s drop hurt renewable energy? Thursday, 4 Dec 2014 | 10:43 PM ET
    School students near the Solar Energy compound at Moushuni in West Bengal, India

    Suddenly cheap oil may spur economic re-calculations across the board, but analysts are sticking with a still-sunny outlook for renewable energy.

  • Nuclear failure was the last thing Ukraine needed Thursday, 4 Dec 2014 | 3:12 PM ET
    French public nuclear safety institute IRSN said on December 3, 2014 it had not detected any unusual radioactivity in Ukraine and that the incident at a nuclear power plant in Zaporizhzhya posed no danger for populations or the environment.

    An accident at a nuclear facility in Ukraine underscored the country's lack of energy security, said experts and stakeholders.

  • SHANGHAI, Dec 4- Chinese coal miners are raising spot prices in a domestic market struggling to recover from seven-year lows, desperate for an edge in annual negotiations to supply power plants, key buyers in the world's biggest consumer of coal, industry sources say. Discussions on annual contracts for 2015 are being closely watched abroad as any sustained...

  • Brent nudges up above $70 ahead of U.S. data Wednesday, 3 Dec 2014 | 9:42 PM ET

    SINGAPORE, Dec 4- Brent crude rose above $70 a barrel on Thursday, making small gains along with U.S. futures, as a fall in crude stockpiles in the United States supported prices. Analysts expect prices to head lower despite recent steep falls as U.S. shale oil production growth stays strong while OPEC has decided not to cut supply, preferring to protect market share.

  • SINGAPORE, Dec 2- U.S. crude futures slipped below $69 a barrel on Tuesday after a rebound from five-year lows on signs that shale oil producers are starting to slow down output. *U.S. crude futures for January delivery slipped 12 cents to $68.88 a barrel by 0013 GMT. *Libya is still testing pipelines to restart the southwestern El Feel oilfield, a spokesman for...

  • CALGARY, Alberta, Dec 1- While North America has been gripped by controversy over the Keystone XL pipeline that would ship crude to the United States from the Canadian oil sands, a small Canadian company has been quietly digging in the oil sands of Utah with a secret weapon it thinks may end the environmental argument: citrus. The Calgary- based firm is developing...

  • A 'momentous' first: Ex-coal CEO hit with charges Monday, 1 Dec 2014 | 12:22 PM ET
    Larry Wingo, a local, walks past the Upper Big Branch Miners Memorial, a tribute to those who died in an explosion exacerbated by illegally high levels of coal dust, in Whitesville, W.Va., Nov. 28, 2014.

    West Virginia residents see new era after indictment of former Massey Energy CEO Donald Blankenship, the New York Times reports.

  • *Brent rises above $71 after falling below $68; U.S. crude above $68. U.S. crude was up $1.35, or 2 percent, at $67.50, after a five-day bottom hit at $63.72. "There's a sense that the market got a little bit ahead of itself, and we're seeing some producer buying come in and it's driving the market back up," said Phil Flynn, analyst at the Price Futures Group in Chicago.

  • NEW YORK, Dec 1- U.S. oil producers have been racing full-speed ahead to drill new shale wells in recent years, even in the face of lower oil prices. The Organization of Petroleum Exporting Countries last week agreed to maintain its production quota of 30 million-barrels-per-day, despite a 30 percent drop in oil prices since June, triggering an additional 10...

  • UPDATE 6-Oil hits five-year low Monday, 1 Dec 2014 | 9:01 AM ET

    *Oil loses more than 10 pct since Thursday's OPEC meeting. *OPEC maintains stable output to counter U.S. shale oil boom. LONDON, Dec 1- Brent crude oil fell on Monday to a five-year low below $68 before recovering most of the losses as investors looked for a price floor after last week's OPEC decision not to cut production.

  • UPDATE 5-Oil hits five-year low, floor unsure Monday, 1 Dec 2014 | 6:37 AM ET

    *Oil loses more than 10 pct since Thursday's OPEC meeting. *OPEC maintains stable output to counter U.S. shale oil boom. LONDON, Dec 1- Brent crude oil fell on Monday to a five-year low below $68 on Monday before recovering some of the losses as investors looked for a price floor after last week's OPEC decision not to cut production.

  • Oil loses more than 10 pct since Thursday's OPEC meeting. *OPEC maintains stable output to counter U.S. shale oil boom. LONDON, Dec 1- Brent crude oil fell more than $2 a barrel to a five-year low below $68 on Monday as investors looked for a price floor after last week's OPEC decision not to cut production.

  • NEW YORK, Dec 1- U.S. oil producers have been racing full-speed ahead to drill new shale wells in recent years, even in the face of lower oil prices. The Organization of Petroleum Exporting Countries last week agreed to maintain its production quota of 30 million-barrels-per-day, despite a 30 percent drop in oil prices since June, triggering an additional 10...