OMV CFO: Weak Euro Balanced Out Weak Oil Price
The weak euro price against the dollar helped balance out the weaker price for crude in the second quarter, Austrian oil and gas company OMV AG's (OMV.VI) chief financial officer said Wednesday.
Rio Tinto Cautious Near Term As Price Fall Hits Earnings
Rio Tinto PLC (RIO) said commodity markets are likely to remain volatile near term after reporting a 22% drop in first-half earnings, but stuck by a US$16 billion spending program this year even as rival miners cut or postpone investments.
Rio Tinto Still Seeking Exit From Some Assets
Rio Tinto PLC (RIO) continues to look at ways to exit some of its aluminum assets and its diamonds business and has had interest from potential buyers in individual operations as well as collectively, the mining giant's chief financial officer said Wednesday.