Oil and Gas Coal and Consumable Fuels

  • Floodwaters topped a dike at Sutton Lake which led to breaches at the lake's south end, causing it to flow back into the river. Coal ash may have flowed into the Cape Fear River, raising fears of possible contamination.

  • ST. LOUIS— The St. Louis- based coal company Peabody Energy has agreed to purchase Shoal Creek metallurgical coal mine from Drummond Co. Inc. for $400 million. The Shoal Creek mine is on the Black Warrior River in central Alabama and serves Asian and European steel mills. The Shoal Creek mine was developed in 1994 and employs about 400 people.

  • LONDON, Sept 19- Shale gas developer Cuadrilla will start fracking at its Preston New Road site in northwest England in the next few weeks, it said on Wednesday as it announced government approval for a second well. But the British government, keen to cut its reliance on imports as North Sea supplies dry up, has tightened regulation of the industry and gave consent...

  • LONDON, Sept 19- Shale gas developer Cuadrilla will start fracking at its Preston New Road site in northwest England in the next few weeks, it said on Wednesday, as it announced government approval for a second well. The British Geological Survey estimates shale gas resources in northern England alone could amount to 1,300 trillion cubic feet of gas, 10 percent of...

  • Sept 18- Oil production in the biggest U.S. shale field will rise next month at the lowest level since late 2016 as transport limits erode gains, U.S. government data this week showed. Operators will pump an additional 31,000 barrels per day in October in the Permian Basin of West Texas and New Mexico, bringing its output to 3.46 million bpd, according to the Energy...

  • KERPEN, Germany— German police forcibly removed protesters from tree houses Thursday as they sought to free the way for parts of an ancient forest to be cleared next month for new coal strip mining. Hundreds of police and water cannon trucks were on hand for the operation that began in the morning in the 12,000- year-old forest near the town of Kerpen, southwest of...

  • The biggest problem is the lack of sufficient pipeline capacity to move oil from shale wells in western Texas and eastern New Mexico to refineries in the Midwest and export terminals on the Gulf Coast. The massive discount reflects the twin difficulties of moving the crude out of the Permian to the main inland trading hub at Cushing in Oklahoma or down to the...

  • PARIS, Sept 12- European spot electricity prices for day-ahead delivery rose on Wednesday, boosted by forecasts of a sharp fall in German wind power generation amid steady demand, while year-ahead contracts fell, tracking the slide in carbon and coal prices. Gains in France were capped by increased nuclear and wind availability, a trader said.

  • TRICASTIN, France, Sept 10- French nuclear group Orano on Monday inaugurated a 1.15 billion euro uranium conversion plant despite huge global overcapacity for nuclear reactor fuel. State-owned Orano's new plant in Tricastin, southern France, will account for a quarter of the world's 60,000- tonne annual uranium hexafluoride production capacity when it...

  • Uranium stood at $26 per pound on Aug. 31, up from the low so far this year of $20, hit in mid-April. Cameco said in July it would extend indefinitely a shutdown of its McArthur River and Key Lake mines in Saskatchewan province, having initially announced a suspension of operations in November last year. The spot price took off after Cameco's November announcement,...

  • U.S. Senate candidate Don Blankenship speaks to his supporters during the primary election in Charleston, West Virginia, May 8, 2018.

    Don Blankenship had called Senate Majority Leader Mitch McConnell "Cocaine Mitch" during a failed bid to win the Republican nomination for Senate in West Virginia.

  • *Set to be biggest coal float in Australia since 2012. MELBOURNE/ SYDNEY, Aug 28- U.S. private equity firm Energy and Minerals Group is planning an A $1 billion initial public offering of Connecticut- based Coronado Coal in Australia, two people with knowledge of the plan said on Tuesday. The IPO, which is expected to value the whole company at around A $3 billion, is...

  • US President Donald Trump salutes his supporters after speaking at a political rally at Charleston Civic Center in Charleston, West Virginia on August 21, 2018.

    Government data show the coal mining industry added about 2,000 jobs under President Donald Trump, but the change is so small that economists aren't confident employment levels actually budged.

  • Supporters of President Donald Trump attend a political rally at Charleston Civic Center in Charleston, West Virginia, on August 21, 2018. 

    The Trump administration is replacing Obama-era rules to reduce greenhouse gas emissions from power plants, giving states an opportunity to keep coal-fired facilities online.

  • BEIJING, Aug 22- Some Chinese coal traders handling U.S. imports have begun sourcing future supplies domestically, people with knowledge of the matter said, as they await delivery of the last U.S. cargoes to arrive before hefty tariffs kick in on Thursday in a deepening trade row between the world's top two economies. From Thursday, the United States will impose...

  • BEIJING, Aug 14- China's coal output fell 2 percent in July to its lowest in years as Beijing's crackdown on polluting industries crimped mining in the world's top consumer of the fuel, driving import demand as hot weather boosted thermal power generation. The country produced 281.5 million tonnes of coal in July, down 2 percent from the same month last year and...

  • China July crude steel output hit highest on record on monthly basis and coal production in the month was the lowest since September 2016, according to China's statistics bureau. *China July crude steel output +7.2 pct y/y at 81.24 mln tonnes, the highest on the statistics bureau's records. *China July coal output -2 pct y/y at 281.5 mln tonnes, lowest since Sept...

  • PUCALLPA, Peru, Aug 10- Peruvian President Martin Vizcarra told Reuters his government will likely pass laws within six months needed to tap a new lithium and uranium deposit, removing a major hurdle for Canadian miner Plateau Energy Metals' proposed $800 million mine. Plateau said last month it had found 2.5 million tonnes of high-grade lithium resources and...

  • An increase in airline ticket prices is 'inevitable': Analyst

    Paul Yong of DBS says the ongoing U.S.-China trade war could have a "substantial impact" on Cathay Pacific if the conflict escalates and sustains.

  • HOUSTON, Aug 8- U.S. shale producers that spent the last year promising to control capital spending and adhere to strict financial controls are finding the lure of higher oil prices irresistible. Derek Rollingson, portfolio manager of the ICON Energy Fund, which holds shares of more than a dozen U.S. shale producers, said increasing capital spending makes sense...