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Oil and Gas Coal and Consumable Fuels

  • *Torrential rain in China forces hydro stations to cut output. Dam restrictions in China following excessive rains are also reducing hydropower capacity there, including at the world's biggest power station, forcing utilities to ramp up output at coal-fired utilities. Deutsche Bank said in a note that the climb in coal prices came on the back of factors...

  • HARARE, June 30- Zimbabwe coal producer Hwange Colliery expects to return to profit in the second half, for the first time since the country dumped its currency for the U.S. dollar in 2009, as it triples output, its chairman said. Hwange, in which the government is the biggest shareholder with a 37 percent stake, is Zimbabwe's second-largest coal producer and...

  • President Trump puts energy in the spotlight as key industry members gather in Washington

    CNBC's Eamon Javers highlights President Trump's remarks during D.C.'s Energy Week.

  • President Donald Trump delivers remarks during an 'Unleashing American Energy' event at the Department of Energy in Washington, U.S., June 29, 2017.

    President Donald Trump on Thursday announced a number of energy initiatives, including a review of U.S. nuclear energy policy.

  • Trump jabbed at media, Mexican wall in energy remarks

    CNBC's Eamon Javers reacts to President Trump's energy remarks about bringing back coal jobs, a pipeline into Mexico, and Deputy Sarah Huckabee Sanders defense on Trump's tweet.

  • Withdrawal from Paris agreement doesn't make sense: Former Sec. of Interior Ken Salazar

    Ken Salazar, former U.S. Secretary of the Interior and former Colorado senator, discusses Energy Week in Washington, D.C. and President Trump's policy on fossil fuels.

  • 'Coal will stay for the next 2 or 3 decades'

    Demand for renewable energy is increasing, but it will prove difficult to remove coal from the energy mix, says Deepak Kannan of S&P Global Platts.

  • We'd love to see coal generate electricity: Lance Fritz

    Lance Fritz, Union Pacific CEO, responds to remarks from Energy Secretary Rick Perry about having a debate on climate change and using coal for energy production.

  • June 27- U.S. shale oil producers plan to keep drilling new wells despite this month's crude price drop but expect to revisit spending should pricing remain below $45 a barrel for several months. Pioneer, one of the biggest operators in the Permian Basin, the largest U.S. oilfield, is confident that OPEC leader Saudi Arabia will not let oil prices remain near...

  • SYDNEY/ LONDON, June 26- Rio Tinto on Monday confirmed Yancoal Australia as the preferred buyer for its Australian Coal& Allied unit after the China- backed company added an eleventh-hour sweetener to top a rival bid from Glencore. Rio's mines in Australia's Hunter Valley region are attractive to both Glencore and China because the quality of their coal means it...

  • SYDNEY/ LONDON, June 26- Rio Tinto on Monday confirmed Yancoal Australia as the preferred buyer for its Australian Coal& Allied unit after the China- backed company added an eleventh-hour sweetener to top a rival bid from Glencore. Yancoal, increased its offer to $2.69 billion from $2.45 billion, adding $240 million in unconditional guaranteed royalty payments...

  • U.S. shale oil output is up around 10 percent since last year, and, together with increases from the likes of Brazil, threatens to scupper the efforts of the Organization of the Petroleum Exporting Countries and its partners to force a drawdown in global oil inventories via production cuts. Brent crude futures were up 48 cents at $46.02 per barrel by 0836 GMT.

  • HOUSTON, June 21- Crude oil's bear market is highlighting the haves and have nots among U.S. shale producers, with the stronger promising to keep pumping even as prospects dim for some of their financially strapped peers. Crude prices have dropped more than 20 percent since late February, in part because of rising U.S. shale production that is offsetting OPEC's...

  • HOUSTON, June 21- Crude oil's bear market is highlighting the haves and have nots among U.S. shale producers, with the stronger promising to keep pumping even as prospects dim for some of their financially strapped peers. Crude prices have dropped more than 20 percent since late February, in part because of rising U.S. shale production that is offsetting OPEC's...

  • *Projects include Gulf of Mexico, Argentine shale gas. Instead, chief executive Patrick Pouyanne told Reuters he can find an edge over rivals by going after cheaper reserves elsewhere, including from shale in Argentina and deepwater wells in the Gulf of Mexico, as well as through new gas technology. "Shale oil is too expensive," said Pouyanne, who has clinched...

  • NEW YORK, June 21- Mylan N.V. is best known for producing EpiPen emergency allergy treatments and generic drugs. These refined coal credits were approved by Congress in 2004 in order to incentivize companies to fund production of cleaner coal. Mylan is one of only a few public companies, and the only publicly-traded pharmaceutical maker, that uses these tax...

  • SYDNEY/ LONDON, June 20- Rio Tinto selected Yancoal on Tuesday to buy its Coal& Allied division in Australia for $2.45 billion, surprising commodities trading giant Glencore, which had put in a higher bid. Glencore offered $2.55 billion cash this month for Rio's coal mines in the Hunter Valley region of New South Wales, beating a previous offer from Yancoal, which is...

  • SYDNEY/ LONDON, June 20- Rio Tinto selected Yancoal on Tuesday to buy its Coal& Allied division in Australia for $2.45 billion, surprising commodities trading giant Glencore which had put in a higher bid. Earlier this month, Glencore offered $2.55 billion cash for Rio's coal mines in the Hunter Valley region of New South Wales, beating a previous offer from Yancoal,...

  • CALGARY, Alberta/ HOUSTON, June 19- In the boreal forests and on the remote prairies of Alberta, a handful of firms are running pilot projects they hope will end a two-decade drought in innovation and stem the exodus of top global energy firms from Canada's oil sands. Canada's oil sands sector has become one of the biggest victims of the global oil price crash that...

  • Incoming Energy Secretary Rick Perry (R) gives a double thumbs up during the Inaugural Parade for U.S. President Donald J. Trump January 20, 2017 in Washington, DC.

    Rick Perry, U.S. secretary of Energy, talks about the renaissance in America's energy industry, and investing in research and development.