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Oil and Gas Coal and Consumable Fuels

  • BEIJING, June 21- At least three U.S. coal shipments on their way to China may end up casualties of the escalating trade dispute after Beijing said it would impose steep tariffs that may kick in before the ships reach their destinations. Although 545 items on the list face higher tariffs starting July 6, Beijing did not specify when coal and the other remaining...

  • June 21- China's fracking support industry has grown rapidly over the past decade and now makes everything from fracking trucks and pumps to proppants, while local service providers are learning to match global rivals like Schlumberger and Baker Hughes. China's shale gas reserves are buried deeper, more scattered and in more mountainous terrain than in the...

  • LONDON, June 19- Iran's oil minister said on Tuesday that U.S. President Donald Trump sought high oil prices to support shale production in the United States, despite his public attack on OPEC over the high price of oil. Trump prefers high oil prices to support shale production in America, but he attacks OPEC, especially after U.S. withdrawal from the JCPOA, to avoid...

  • WASHINGTON— The Environmental Protection Agency on Monday approved the first state permit program for disposal of toxic ash from coal plants, a switch from federal oversight that the coal industry had sought. This spring, groundwater testing ordered by the EPA had found heightened levels of pollutants at plants in numerous states, from Virginia to Alaska,...

  • This company could benefit from US-China trade tensions

    Gary Cochrane of Bounty Mining explains why his company is "pretty happy" about reports that China could impose tariffs on U.S. coal exports.

  • Speaking at a press conference at the close of the G20 meeting of energy ministers in Bariloche, Argentina, Germany's director of energy policy Thorsten Herdan said G20 member countries "have to get out of coal" to reduce greenhouse gas emissions and fight climate change. The meeting marked the latest disagreement between the United States and other major...

  • BEIJING, June 15- China's State Council issued guidelines on Friday for previously announced measures easing restrictions on foreign investment in sectors including agriculture, coal mining, vehicles and aircraft. The rules detail steps announced by the State Council during a briefing last week as part of China's effort to further open its economy and...

  • NEW YORK, June 13- Many top U.S. shale oil producers are missing out on the rally in oil prices to more than $70 a barrel- because they sold their oil through futures contracts at about $55 last year when that looked like a good deal. Those hedged bets will hold down revenues and further frustrate Wall Street investors, who have been disappointed by slow returns from...

  • BURTON, Texas, June 14- Among vineyards and cow pastures in east Texas last month, roughnecks started to drill in an oilfield that is 25 years past its production peak. Houston- based oil producer Wildhorse Resource Development. In the limestone and clay Austin Chalk formation, which stretches across south Texas into central Louisiana, Wildhorse is among a...

  • NEW YORK, June 13- Many top U.S. shale oil producers are missing out on the rally in oil prices to more than $70 a barrel- because they sold their oil through futures contracts at about $55 last year when that looked like a good deal. Those hedged bets will hold down revenues and further frustrate Wall Street investors, who have been disappointed by slow returns from...

  • *Asia spot LNG prices at 2018 high. SINGAPORE, June 13- Thermal coal and gas prices have coursed into a bull run, propelled by particularly strong demand across Asia, where electricity consumption is surging thanks to healthy economic growth just as seasonal needs rise with the start of summer. Spot thermal coal cargo prices for export from Australia's Newcastle...

  • WASHINGTON, June 12- The U.S. Interior Department has been unable to adequately explain why it cancelled a $1 million study on the public health impacts of mountaintop removal coal mining, the agency's inspector general office said in a report released on Tuesday. When the Interior Department was asked by the inspector general to detail the reasons for its...

  • SINGAPORE/ MELBOURNE, June 8- Australian thermal coal prices have risen to their highest level since 2012 as hot weather across North Asia spurs buying ahead of the peak summer demand season. Spot prices for thermal coal cargoes for export from Australia's Newcastle terminal last closed at $115.25 per tonne, the highest level since February 2012.

  • June 6- The U.S. Interior Department may use executive powers to prevent a large coal-fired power plant from shutting down next year in Arizona, the latest attempt by the Trump administration to throw a lifeline to at-risk coal and nuclear plants. The head of Interior's Bureau of Reclamation said on Friday that a 1968 law gives Interior Secretary Ryan Zinke...

  • *Hot weather in China, Japan and Korea pushes up demand. SINGAPORE, June 7- Australian thermal coal prices have hit their highest level since late 2016 as the market heats up on strong demand across North Asia and China in particular. Spot prices for delivery from Australia's Newcastle terminal last closed at $114 per tonne, just down from Monday's $114.50, the...

  • *GRAPHIC: China, India coal imports vs price: https://reut.rs/2M4dGak. LAUNCESTON, Australia, June 7- Coal prices in Asia are being driven to multi-year highs by a rare combination of simultaneous demand growth in the region's top four importers. Depending on the price used, thermal coal is either close to a two-year high or near the strongest in six years as China,...

  • June 6- The U.S. Interior Department may use executive powers to prevent a large coal-fired power plant from shutting down next year in Arizona, the latest attempt by the Trump administration to throw a lifeline to at-risk coal and nuclear plants. The head of Interior's Bureau of Land Reclamation said on Friday that a 1968 law gives Interior Secretary Ryan Zinke...

  • JOHANNESBURG, June 6- South African miner Seriti Resources wants to move into exporting coal and would be interested in buying the assets and quotas of the Gupta family's Optimum Coal, its CEO said. Optimum Coal sought protection from creditors on Feb. 20 with seven other companies owned by the Guptas, who are accused of corrupt ties to former South African...

  • A coal miner identified only as Mike makes remarks prior to U.S. President Donald Trump signing H.J. Res. 38, disapproving the rule submitted by the US Department of the Interior known as the Stream Protection Rule in the Roosevelt Room of the White House on February 16, 2017 in Washington, DC.

    President Donald Trump issued an order to keep failing coal and nuclear power plants open. Many conservative and libertarian groups say it's bad policy.

  • WASHINGTON, June 4- A federal fund to help U.S. coal miners disabled by black lung disease will require a multibillion-dollar taxpayer bailout if Congress does not extend or increase the tax on coal production that funds it, according to a government report on Monday. Coal companies are currently required to pay a $1.10 per ton tax on underground coal production...