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Oil and Gas Coal and Consumable Fuels

  • *New South Wales clears mine for partial restart. MELBOURNE, Aug 17- Government regulators in an Australian state on Tuesday cleared South32 to partially restart its Appin coal mine after workers were evacuated in June following a gas-leak scare. "We've worked closely with the mine operator and we're now comfortable that the mine has put systems and controls in...

  • Aug 16- U.S. shale oil companies are pulling back on the amount of sand they use to hydraulically fracture new wells, responding to rising prices of the material that are driving up costs. Investors worry a slowdown in sand use, combined with new mining capacity coming online, could lead to a glut of the material and bring down prices. The price of frack sand is...

  • BEIJING, Aug 15- The International Monetary Fund on Tuesday urged China to set more ambitious targets for its coal and steel industries to cut excess production capacity and bring more efficient plant on line as Beijing bids to steps up economic reforms. China, the world's top steel and coal producer, has vowed to launch a campaign to cut excess capacity in...

  • RWE now expects full-year profits to be at the upper end of its outlook range.

  • Coal price only a temporary effect

    RWE CFO Markus Krebber weighs in on second quarter earnings and paying dividends to shareholders.

  • India had been projected to become a carbon-belching behemoth, fueled by thermal power plants demanding ever more coal for decades to come. India is the world's third-largest carbon emitter and relies on coal-fired power plants to produce most of its energy. "India's future coal demand could actually be near flat," said Tim Buckley, the Asia energy finance...

  • WASHINGTON— The Interior Department on Monday scrapped an Obama-era rule on coal royalties that mining companies had criticized as burdensome and costly. The final repeal notice was published Monday in the Federal Register and takes effect Sept. 6. The valuation rule, crafted under the administration of Democratic President Barack Obama, was aimed at...

  • North Korea threatens 'thousands-fold' revenge against the US

    North Korea said it will launch "thousands-fold" revenge against the U.S., after the UN imposed new sanctions on Pyongyang for its nuclear and missile programs.

  • HOUSTON, Aug 3- With slumping crude oil prices stuck below where they started this year, U.S. shale oil producers have cut more than $1.2 billion from their 2017 spending budgets, even as they pledge to pump more oil. "We essentially can do more with less," said Lee Tillman, chief executive of Marathon Oil Corp, which on Wednesday shaved its 2017 spending plan by between...

  • We need a diverse set of fuel sources to power the economy: PNM Resources' Pat Vincent-Collawn

    Patricia Vincent-Collawn, Edison Electric Institute chair and PNM Resources chairman & CEO, discusses the U.S. electric and energy industries and how investing in electric infrastructure will help the country.

  • We're seeing a strong demand out of China: Xcoal CEO Ernie Thrasher

    Ernie Thrasher, Xcoal CEO, discusses the United States' new coal deal with Ukraine and how President Trump's energy plan is driving the coal comeback.

  • Republican presidential candidate Donald Trump wears a coal miner's protective hat while addressing his supporters during a rally at the Charleston Civic Center on May 5, 2016 in Charleston, WV.

    The Trump administration, often accused of dysfunction, has dismantled Obama-era energy and environment policies with remarkable focus.

  • BEIJING, Aug 2- China's energy regulator on Monday said it was raising its targets for curbing coal-fired power capacity over the next few years, as the world's No.2 economy continues its drive against pollution. According to a transcript of an NEA meeting on the issue on China Coal News, an official industrial website run by China's work safety regulator, most of...

  • WASHINGTON, July 31- A Pennsylvania- based coal company said on Monday it signed its first contract with Ukraine to sell coal that is burned to produce electricity in a deal sped along by the U.S. and Ukrainian governments. Ukraine has sought alternative coal suppliers ahead of the upcoming winter as it struggles to get the fuel from pro- Russia separatist-held...

  • SINGAPORE, July 27- Noble Group is slimming down drastically to its core Asian coal-trading business, but that may not be enough to revive its fortunes due to a staff exodus, shrunken balance sheet and debts of more than $3 billion, analysts and industry sources say. Once Asia's largest commodities trading house, Singapore- listed Noble is a shadow of what it was...

  • SINGAPORE, July 27- Noble Group is slimming down drastically to its core Asian coal-trading business, but that may not be enough to revive its fortunes due to a staff exodus, shrunken balance sheet and debts of more than $3 billion, analysts and industry sources say. Once Asia's largest commodities trading house, Singapore- listed Noble is a shadow of what it was...

  • July 27- Canada's Cameco Corp, the world's second-largest uranium producer, said on Thursday it had settled a U.S. tax dispute for a fraction of the original claim, which may bode well for the company's multi-billion-dollar battle with the Canada Revenue Agency. Cameco will pay the U.S. Internal Revenue Service $122,000 for its 2009 through 2012 taxation years,...

  • TORONTO, July 27- Canada's main stock index gained on Thursday as major gold miner Barrick Gold Corp and a string of other companies reported better-than-expected earnings and oil producer Cenovus Energy Inc turned a profit. Barrick, the world's largest gold miner by production, rose 4.5 percent to C $21.08, as investors cheered the news it had produced more...

  • NEW YORK/ HOUSTON, July 27- U.S. refineries are producing more fuel than ever as they seek to meet rising demand- from overseas, rather than the drivers on nearby roadways. Last year, the U.S. became the world's top net exporter of fuel, an outgrowth of booming domestic production since the shale oil revolution started in 2010. That's a fundamental shift from the...

  • SINGAPORE, July 27- Noble Group is slimming down drastically to its core Asian coal-trading business, but that may not be enough to revive its fortunes due to a staff exodus, shrunken balance sheet and debts of more than $3 billion, analysts and industry sources say. Once Asia's largest commodities trading house, Singapore- listed Noble is a shadow of what it was...