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 - Quebrada Blanca open pit mine is nearing the end of its life, but the Phase 2 expansion will keep it producing for at least another 25 years. ...
Mining News Pro - The Supreme Court of Canada has agreed to hear an appeal by the government of Newfoundland and Labrador on the issue of the jurisdiction of Quebec ...
Mining News Pro - LONDON – Rio Tinto is among parties making a final offer for a minority stake in Teck Resources` Quebrada Blanca copper mine expansion in northern ...
Mining News Pro - The world’s second largest miner, Rio Tinto, (ASX, LON:RIO) is said to be preparing an offer for a minority stake in Teck Resources’ (TSX:TECK.A | ...
Mining News Pro - Resolution Copper, a joint venture between giants Rio Tinto and BHP Billiton, demolished a 94-year-old copper smelter stack that belonged to the ...
Mining News Pro - Rio Tinto has completed a wharf and land sale to joint venture group LNG Canada for $US576 million ($797 million).
Mining News Pro - Rio Tinto has completed the lease and sale of a wharf and land in Kitimat, British Columbia, to Royal Dutch Shell-led LNG Canada for $576-million.
Mining News Pro - Rio Tinto Exploration Canada (RTEC) has started drilling the Fort à la Corne kimberlites, in Saskatchewan, as it reinvestigates these kimberlites ...
Mining News Pro - BNP Paribas and HSBC Singapore have completed Singapore’s first fully digitised end-to-end letter of credit transaction between two different ...