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Coal and Consumable Fuels

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  • *OPEC maintains stable output to counter U.S. shale oil boom. SINGAPORE, Dec 1- U.S. crude fell more than $2 to a five-year low in Asian trade on Monday, while Brent futures touched a fresh four-year low, extending a steep sell-off after OPEC decided not to cut production last week, keeping markets well supplied. U.S. crude tumbled to near $64, dragging Brent down below...

  • U.S. crude hits five-year low on market rout Sunday, 30 Nov 2014 | 7:24 PM ET

    *OPEC maintains stable output to counter U.S. shale oil boom. SINGAPORE, Dec 1- U.S. crude fell more than $2 to a five-year low in Asian trade on Monday, while Brent futures touched a fresh four-year low, extending a steep sell-off after OPEC decided not to cut production last week, keeping markets well supplied. U.S. crude tumbled to near $64, dragging Brent down below...

  • Areva's options narrow in shadow of debt refinancing Friday, 28 Nov 2014 | 9:24 AM ET

    PARIS, Nov 28- With big bond repayments due in 2016-17 and its credit rating cut to junk last week, France's loss-making nuclear group Areva has a narrow and shrinking window to turn around its business and refinance its pile of debt. With billions of capital destroyed by writedowns on a Finland reactor project and an African uranium mine and its revenue crimped...

  • SINGAPORE, Nov 28- Nathan Tinkler, the former mining magnate who lost his fortune because of a slump in coal prices, expects global mining companies such as BHP Billiton and Rio Tinto to put their coal assets up for sale. The former electrician who became Australia's youngest billionaire by betting on unloved coal assets in pre-boom 2006 only to see his empire...

  • *Saudi's Naimi says OPEC made "great decision". *Venezuela, Algeria wanted OPEC to reduce output. This outcome set the stage for a battle for market share between OPEC and non- OPEC countries, as a boom in U.S. shale oil production and weaker economic growth in China and Europe have already sent crude prices down by about a third since June.

  • *Saudi's Naimi says OPEC made "great decision". *Venezuela, Algeria wanted OPEC to reduce output. The outcome effectively means a battle for market share between OPEC and non- OPEC countries as a boom in U.S. shale oil production and weaker economic growth in China and Europe have already sent crude prices down about a third since June.

  • Venezuela says shale oil is a disaster Thursday, 27 Nov 2014 | 4:34 AM ET

    VIENNA, Nov 27- Shale oil is a disaster for climate change, Venezuelan Foreign Minister Rafael Ramirez said on Thursday as OPEC prepares to decide on oil output policy. "The U.S. is producing in a very, very bad manner. Oil ministers from the Organization of the Petroleum Exporting Countries meet on Thursday in Vienna, with Venezuela trying to rally support for...

  • MUMBAI, Nov 27- Anticipating data out on Friday will show weakening economic growth, India's finance ministry will argue for an interest rate cut, but bankers and company executives say the key to recovery lies in how fast Prime Minister Narendra Modi acts on reforms. The Lanco Infratech unit's biggest problem is a shortage of coal supplied by an inefficient...

  • Lack of coal may bring Ukraine to its knees this winter Wednesday, 26 Nov 2014 | 8:48 AM ET

    LONDON/ BRUSSELS, Nov 26- A shortage of coal, rather than gas, is likely to plunge Ukraine into freezing darkness this winter as conflict in its east seals off supplies that used to make it self sufficient. "We have no energy reserves now, everything works on maximum and every technical problem can lead to sharp power cuts," said Andrey Favorov, managing director of...

  • US energy is growing—and so is US 'power' Tuesday, 25 Nov 2014 | 1:00 PM ET
    A floor hand for Raven Drilling, works on an oil rig drilling into the Bakken shale formation outside Watford City, North Dakota.

    Over the next 25 years, the U.S. will become a global energy powerhouse. That shift will reshape geopolitical power.

  • "A guy can invest in the Alberta oil sands or a Bakken shale-type company and they are going to make a little bit of money, but they are not going to hit that grand-slam home run we are looking for in elephant country," said Mark Sommer, spokesman at Simba Energy. But Ebola, Islamic State and the Ukraine conflict have made an already tough market tougher for these...

  • HOUSTON, Nov 21- Energy companies have long touted to Wall Street investors the number of acres they lease or own as a measure of how many oil and gas shale wells they can potentially drill. Several smaller operators in the Permian Basin of Texas, including RSP Permian Inc, Laredo Petroleum Inc and Callon Petroleum Co, are telling investors there is more than meets...

  • *Focus on north of England and Scotland. LONDON, Nov 20- Swiss chemicals group Ineos announced on Thursday plans to invest $1 billion in shale gas exploration in Britain, hoping to emulate the U.S. shale boom in one of few European countries to endorse controversial fracking technology. The $1 billion investment, which is subject to Ineos winning UK shale gas...

  • LAUNCESTON, Australia, Nov 20- China's energy targets for 2020, if assumed to be credible and achievable, give a clear indication of likely winners and losers. However, all the indications from China's leaders have been that the world's largest polluter is serious about tackling air quality and curbs on coal form a major part of this effort.

  • NEW YORK, Nov 19- Goldman Sachs will wind down its small uranium trading business after failing to find a buyer and may sell its Colombian coal mine subsidiary, two of its most controversial commodity divisions, according to a Senate report released on Wednesday. It included a lengthy summary of Goldman's activities in the niche uranium market, which began when...

  • NEW YORK, Nov 19- Goldman Sachs will wind down its small uranium trading business after failing to find a buyer and may sell its Colombian coal mine subsidiary, two of its most controversial commodity divisions, according to a new Senate report released on Wednesday. It included a lengthy summary of Goldman's activities in the niche uranium market, which began...

  • Energy in 25 years: Who's producing, who's buying Tuesday, 18 Nov 2014 | 12:30 PM ET
    A cement factory releasing heavy smoke in Binzhou, China.

    The world will see huge shifts on both the usage and supply sides of the energy equation, according to BP's annual global energy forecast.

  • China protectionism threatens commodity imports Thursday, 13 Nov 2014 | 6:20 PM ET

    Businesses are complaining about Beijing's use of non-tariff barriers from customs clearance to quality restrictions to curb raw material imports.

  • Canadian crude imports likely to keep falling -NEB Thursday, 13 Nov 2014 | 4:44 PM ET

    Canada has the world's third-largest crude reserves behind Saudi Arabia and Venezuela, most of which are located in the oil sands in northern Alberta. The closure of Shell Canada's Montreal East refinery in Quebec, and Imperial Oil Ltd's refinery in Dartmouth, Nova Scotia, has also reduced demand for imported crude. NEB data showed that the U.S. shale boom has...

  • SHANGHAI, Nov 14- As China lobbies world leaders to back its free trade plan at an Asia-Pacific summit this week, businesses are complaining about Beijing's use of non-tariff barriers from customs clearance to quality restrictions to curb raw material imports. After months of lobbying by the China National Coal Association to limit imports, Beijing also...