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.
Mining News Pro - The funds come from the proceeds of Rio Tinto’s exit from coal, said Chief Executive Jean-Sébastien Jacques. (Image: Rio Tinto | YouTube.)
Mining News Pro - It is hardly a surprise that existing and future shareholders in the mining industry are predominantly concerned about returns on their ...
Mining News Pro - Australia - world`s largest iron ore exporter has recorded an increase of export shipments for the month of Aug`18.
Mining News Pro - The latest technology developed at Tata Steel Europe`s Ijmuiden site in the Netherlands promises to reduce carbon emissions like never before
Mining News Pro - HSBC warns that by raising the Brent price outlook by 2020, the lack of floating production capacity may increase the base price to $ 100 per ...
Mining News Pro - Rio Tinto is still looking to secure a domestic power source it needs for the mine under an agreement with the government.
Mining News Pro - Rio Tinto’s Amrun Chith export facility team, McConnell Dowell, Bechtel and Jacobs, have won a Queensland Civil Contractors Federation (CCF) Earth ...
Mining News Pro - Rio Tinto has received two awards at the 2018 Women in Resources National Awards (WIRNA) for gender diversity and anti-domestic violence ...
Mining News Pro - Brent`s price today rose 30 cents, up 0.4 percent to $ 77 and 113 cents.