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Oil and Gas Coal and Consumable Fuels

  • China stocks inched up as Beijing's ruling Communist Party moved to the final stages of a twice-a-decade congress. *LME COPPER: Three-month copper on the London Metal Exchange rose 1.3 percent to $7,094.50 a tonne by 1009 GMT, having earlier touched a one-week high of $7,123. *CHINA COPPER BULLS: A private coal mining investor in Shanxi province is the main actor...

  • BEIJING, Oct 24- China's September coal imports from Russia soared 83 percent from a year ago while arrivals from Australia rose 33.6 percent amid restocking demand from utilities in the northeast of the country ahead of winter. Shipments from Russia reached 2.35 million tonnes last month, just below the imports of 2.47 million tonnes in August, according to...

  • WASHINGTON, Oct 23- U.S. industries that rarely agree- gas drillers and renewable energy producers- urged a federal agency on Monday to dump a government directive to prop up ageing nuclear and coal plants, saying the electricity grid was already reliable. A group of 20 organizations including the Independent Petroleum Association of America and the Solar...

  • Masakazu Toyoda, chairman and CEO, the Institute of Energy Economics, Japan, says the country needs to change its energy mix to hit Paris climate accord targets, but it will be hard to do because of costs.

  • Are the Paris Accord goals achieveable with the US out?

    The Paris Accord carbon emission goals are "absolutely achievable" even after the U.S. pulled out as countries are showing strong commitment to the agreement, says Adnan Amin of International Renewable Energy Agency.

  • MORGANTOWN, W.Va.— The retired coal company executive from West Virginia chosen by Republican President Trump to oversee U.S. mining safety says his first priority is preventing people from getting hurt and that he replaced the managers of a mine plagued by safety violations in 2010 and 2011 where a miner died. David Zatezalo of Wheeling, who retired in 2014 as...

  • VERONA, Italy Oct 19- A global deal to cut oil output has not led to a breakthrough on high inventory levels, while an expected rise in U.S. shale oil output may destabilise the market in 2018, the head of Russia's Rosneft, Igor Sechin, said on Thursday. The Organization of the Petroleum Exporting Countries and other leading global oil producers led by Russia have...

  • Coal output +7.6 pct y/y at 298 mln T. BEIJING, Oct 19- China's coal production rose slightly in September from a month earlier, as miners increased operations to take advantage of rising prices after environmental and safety checks in August curbed output, data showed on Thursday. China produced 298 million tonnes of coal last month, up 2.4 percent from August and...

  • *SEC charges Rio Tinto and top executives with fraud. *Executives concealed problems with Mozambique assets- SEC. *Company raised money while misinforming the market- SEC.

  • LONDON, Oct 18- The U.S. shale industry will see another production surge in 2018 as producers have sharply ramped up bets against a fall in oil prices, major oil executives and bankers said in London on Wednesday. Patrick Pouyanne, the chief executive of Total, speaking at the Oil& Money conference in London, said he expected global oil demand to grow strongly again...

  • LONDON, Oct 18- The U.S. shale industry will see another wave of investment as producers are betting strongly against a fall in oil prices, the chief executive of Total said on Wednesday. Ian Taylor, chief executive of Vitol, the world's largest oil trader, echoed that view at the conference on Wednesday, saying he sees Brent crude falling to $45 a barrel in the next...

  • LONDON, Oct 18- The U.S. shale industry will see another wave of investment as producers are betting strongly against a fall in oil prices, the chief executive of Total, Patrick Pouyanne, said on Wednesday. Pouyanne, speaking at the Oil& Money conference in London, said he expected global oil demand to grow strongly again this year, by up to 1.6 million barrels per day.

  • CALGARY, Alberta, Oct 18- Canada's oil sands producers are stuck in a rut. Where industry groups in 2014 expected Canada's oil sands output to more than double to nearly 5 million barrels per day by 2030, that forecast has been knocked down to 3.7 million bpd. This follows a spell of consolidation that has seen foreign majors sell off more than $23 billion in...

  • Oct 18- The U.S. Securities and Exchange Commission has charged mining company Rio Tinto and two of its former top executives with inflating the value of coal assets in Mozambique and concealing critical information while tapping the market for billions of dollars. The FCA also said on Tuesday it had reached a settlement with Rio Tinto under which the company...

  • *SEC charges Rio Tinto and top executives with fraud. *Executives concealed problems with Mozambique assets- SEC. *Company raised money while misinforming the market- SEC.

  • SYDNEY, Oct 18- The U.S. Securities and Exchange Commission on Tuesday charged mining company Rio Tinto Plc and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique and concealed critical information while tapping the market for billions of dollars. 2007- India's Tata Steel signs a joint venture with...

  • Oct 18- In Canada's oil sands, the bigger a project, the lower its operating costs tend to be, making it easier for large oil sands producers like Cenovus Energy to turn a profit when oil is stuck around $50 a barrel. Bitumen selling price C $31.64 C $31.90 C $36.54. Royalties/ bbl C $0.56 C $0.68 C $0.85.

  • CALGARY, Alberta, Oct 18- Canada's oil sands producers are stuck in a rut. Where industry groups in 2014 expected Canada's oil sands output to more than double to nearly 5 million barrels per day by 2030, that forecast has been knocked down to 3.7 million bpd. This follows a spell of consolidation that has seen foreign majors sell off more than $23 billion in...

  • *SEC charges Rio Tinto and top executives with fraud. *Executives concealed problems with Mozambique assets- SEC. *Company raised money while misinformation in the market- SEC.

  • NEW YORK, Oct 17- The U.S. Securities and Exchange Commission on Tuesday charged mining company Rio Tinto Plc and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique acquired for $3.7 billion and sold a few years later for $50 million. In a lawsuit filed in U.S. federal court in Manhattan, the SEC said Rio Tinto,...