Oil and Gas Coal and Consumable Fuels

  • Many of the rigs cut were in the Permian Basin in Texas and New Mexico, the country's biggest shale oil formation, were the rig count dropped by seven this week to 481, the lowest since August. Oil prices tanked in the fourth quarter of 2018, with U.S. crude futures dropping from a near four-year high of $76.90 a barrel in early October to an 18- month low of $42.36 in...

  • Coal has long been a major resource for North Korea, and Kim's call for self sufficiency in the face of international pressure is a recurring theme. A "highly noticeable" increase in electricity in 2018 compared to the year before has increased power availability for many homes and boosted the operations of factories and trains, said Kang Mi-jin, a defector who...

  • Coal has long been a major resource for North Korea, and Kim's call for self sufficiency in the face of international pressure is a recurring theme. A "highly noticeable" increase in electricity in 2018 compared to the year before has increased power availability for many homes and boosted the operations of factories and trains, said Kang Mi-jin, a defector who...

  • LAUNCESTON, Australia, Jan 3- The slump in China's Purchasing Managers' Index is likely to prove an unwelcome New Year's gift to the world's major exporters of bulk commodities such as iron ore and coal. The manufacturing gauge compiled by Beijing's National Bureau of Statistics dropped to 49.4 in December, dropping below the 50- level that demarcates growth...

  • More than half the total U.S. oil rigs are in the Permian Basin, the country's biggest shale oil formation. Drillers added 2 rigs in the Niobrara shale in Colorado and Wyoming, bringing the total there up to 30, the most since Sept. 2017, and three rigs in Williston in North Dakota and Montana, bringing the total up to 56.. Crude futures were trading around $49 a barrel...

  • The International Energy Agency forecasts global coal demand will remain essentially stable over the next five years, inching up by just over 1 percent between 2017 and 2023.

  • Dec 17- Oil production from seven major U.S. shale basins is expected to surpass 8 million barrels per day by the end of the year, the U.S. Energy Information Administration said in a monthly report on Monday. The United States has surpassed Russia and Saudi Arabia as the world's biggest oil producer, with overall crude production climbing to a weekly record of 11.7...

  • KATOWICE, Poland, Dec 15- Climate change talks billed as the most important U.N. conference since the 2015 Paris global warming deal are in their last week in Katowice, capital of Poland's coal mining district. Below is a look at the mood round the event, in a sprawl of temporary passageways and rooms next to the Spodek, a flying-saucer-shaped venue on the site of the...

  • LONDON, Dec 14- British shale gas company Cuadrilla has paused fracking at its Preston New Road site in Lancashire, northwest England, for the fourth time since October following a minor seismic event, it said on Friday. The company has had to repeatedly stop operations at the site since they began two months ago under Britain's traffic light regulation system,...

  • KATOWICE, Poland, Dec 14- Climate change talks billed as the most important U.N. conference since the 2015 Paris global warming deal are in their last week in Katowice, capital of Poland's coal mining district. Below is a look at the mood round the event, in a sprawl of temporary passageways and rooms next to the Spodek, a flying-saucer-shaped venue on the site of the...

  • KATOWICE, Poland, Dec 13- Climate change talks billed as the most important U.N. conference since the 2015 Paris global warming deal are in their last week in Katowice, capital of Poland's coal mining district. "The text should be getting cleaned up and we should see where the landing ground is for the different pieces of the package, but we are not there right now," said...

  • KATOWICE, Poland, Dec 11- Talks billed as the most important U.N. conference since the Paris 2015 deal on climate change are in their crucial final week in Katowice, capital of Poland's Silesian coal mining district. Below is a flavour of the mood around the event, held in a sprawl of temporary passageways and meeting rooms next to the "Spodek", a flying-saucer-shaped...

  • KATOWICE, Poland, Dec 10- Talks billed as the most important U.N. conference since the Paris 2015 deal on climate change began the crucial final week in the Polish city of Katowice, capital of the country's Silesian coal mining district. Protesters from youth and indigenous community groups interrupted opening remarks by Wells Griffith, the man President...

  • KATOWICE, Poland, Dec 10- Talks billed as the most important U.N. conference since the Paris 2015 deal on climate change began the crucial final week in the Polish city of Katowice, capital of the country's Silesian coal mining district. Saudi Arabia issued a statement saying it recognised the efforts of the United Nations' Intergovernmental Panel on Climate...

  • KATOWICE, Poland, Dec 10- Talks billed as the most important U.N. conference since the Paris 2015 deal on climate change enters the crucial final week in the Polish city of Katowice, the capital of the country's Silesian coal mining district. The aim of the gathering is to meet an end-of-year deadline for agreeing a rule book on how to enforce action to limit further...

  • Piles of coal sit in front of Pacificorp's 1440 megawatt coal fired power plant on October 9, 2017 in Castle Dale, Utah.

    The Environment Protection Agency on Thursday announced plans to ease rules for new coal plants, marking the Trump administration's latest effort to roll back Obama-era regulations.

  • Yancoal CEO says the company is 'bulletproof'

    Reinhold Schmidt of Yancoal Australia explains why he says the company is "bulletproof" and can handle "anything" the market throws at it.

  • The French protests story is 'not over': Professor

    Fariborz Moshirian of UNSW Business School says the protests over France's fuel tax hike show that people don't like losing their standard of living in order to protect the environment.

  • To capitalize on the subsidy, A.J. Gallagher arranged investor partnerships to produce vast quantities of refined coal, as the fuel is known in the industry, for utilities across the nation, splitting the benefit of the lucrative government incentive now worth more than $7 per ton. Our return on investment is staggering, CFO Douglas Howell told analysts in the...

  • KINSHASA, Nov 29- The authorities in Democratic Republic of Congo will audit the supply chain for Glencore's Kamoto project next week to determine where small amounts of uranium detected in its cobalt come from, the mines minister said on Thursday. Glencore subsidiary Katanga Mining said on Nov. 6 it had halted cobalt exports from Kamoto in southeastern Congo...