According to Mining News Pro - Oil prices fell on Thursday as concerns over the emerging market conditions shadowed the oil market. This is while the timing of further tariffs against US $ 200 billion in Chinese goods is also approaching.However, sanctions against the US government against Iran have prevented further price cuts, as it says the oil export cuts in the country will prevent a further split between demand.According to the report, the price of barrels of US crude today fell by 12 cents, down 0.2 percent to $ 68 and $ 60 cents. Brent crude prices fell by 5 cents today to $ 77 and 22 cents.While the weakening of emerging markets is shadowed by the outlook for global economic growth, stock prices in Asian exchanges have fallen today for the sixth consecutive session.Meanwhile, the US government is expected to raise additional tariffs of more than $ 200 billion in Chinese goods."The outlook for OPEC`s supply of allies, as well as the weakening demand of China and other emerging markets, has shadowed the rise in oil prices," Energy Market analyst Fouad Razzagzadeh said.US Petroleum Institute figures show US crude oil reserves fell last week due to rising consumption. The report said US crude oil reserves fell 1.17 million barrels to 404.5 million barrels in the week ending August 31.
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Mining News Pro - Rio Tinto’s BC Works aluminum smelter and Kemano power operations have been certified by the Aluminium Stewardship Initiative (ASI). This is the ...
Mining News Pro - The outlook for Rio Tinto, the world’s second largest miner by market capitalisation, is positive over the coming years, according to a new report ...
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Mining News Pro - Rio Tinto has announced the signing of the Power Source Framework Agreement (PSFA) between its Oyu Tolgoi mine and the Government of Mongolia.
Mining News Pro - Rio Tinto says it has successfully deployed AutoHaul™, establishing the world’s largest robot and first automated heavy-haul, long distance rail ...
Mining News Pro - Rio Tinto has successfully deployed AutoHaul, establishing the world’s largest robot and first automated heavy-haul, long distance rail network.
Mining News Pro - Rio Tinto has commenced the first geophysical airborne electromagnetic (AEM) survey at the Citadel project in Western Australia in its farm-in with ...
Mining News Pro - Rio Tinto will be the first mining company to supply responsibly-sourced aluminium that supports ethical standards for the production of coffee ...