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Oil Market Ignores Iraqi Export Troubles "The price of oil slid toward $42 a barrel Tuesday despite confusion about the status of Iraqi exports, indicating that the market has become less worried about the global balance of supply and demand."  Yahoo
08-31-2004 |
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Yukos Deadline Arrives, No Action Seen "A deadline for the beleaguered oil giant Yukos to pay a $3.4 billion bill for back taxes came and went Tuesday with the company repeating that it could come up with only half the amount and indication from authorities that it has more time to pay, news agencies reported."  Yahoo
08-31-2004 |
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Crude Oil Drops as Threats to Supply From Iraq, Russia Diminish "Crude oil futures fell close to a one- month low on expectations a cease-fire in southern Iraq will reduce the sabotage of oil pipelines and supplies from Russia will increase."  Bloomberg
08-31-2004 |
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Oil price tumbles in London as funds bank profits "Oil prices fell heavily in London on selling by speculative funds, mirroring large losses seen in New York the day before as tensions eased in major producer Iraq, traders said."  Channelnewsasia
08-31-2004 |
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Crude Oil Little Changed After Falling on Halt to Iraq Fighting "Crude oil futures were little changed after falling to a one-month low yesterday as fighting in Iraq eased, reducing concern that supplies from the fifth-largest Middle East producer will be disrupted."  Bloomberg
08-31-2004 |
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YUKOS Can Pay Half Its $3.4 Bln Tax Bill "Russian oil company YUKOS said on Monday it would be able to cover only half of its $3.4 billion back tax bill by its deadline at the end of August but it would continue making payments in September."  Reuters
08-30-2004 |
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Oil Prices Drop in Spite of Iraq Attacks "Oil prices dropped sharply to about $42 a barrel on Monday, as last week's selloff continued despite sabotage of Iraqi oil infrastructure that curbed exports."  Yahoo
08-30-2004 |
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Insurgent attacks halt oil exports from Iraq's key southern fields "Insurgent attacks on pipelines have brought oil exports from southern Iraq to a complete halt, a senior oil official said Monday, part of a rebel campaign to undermine the nation's post-war reconstruction efforts."  Boston
08-30-2004 |
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Gas Price Drop Ends; No Spike Expected "Gas prices nudged upward about half a penny in the last two weeks after dropping more than 20 cents since May 21, but another price spike is not expected due to a decline in crude oil prices, an industry analyst said Sunday."  AP
08-30-2004 |
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Gas Price Up Near $1.88 a Gallon -Survey "The average U.S. retail price of gasoline rose slightly over the last two weeks to almost $1.88 a gallon -- the first increase reported since late May, according to the nationwide Lundberg survey of about 8,000 gas stations."  Reuters
08-30-2004 |
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Oil Has Biggest Weekly Drop in a Year as Supply Concern Wanes "Crude oil futures in New York plunged 7.6 percent this week, the biggest weekly decline in a year, on reduced concern that supplies from Iraq will be disrupted because of unrest."  Bloomberg
08-27-2004 |
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Oil Rebounds After Iraq Pipeline Attack "Oil prices rose on Friday as a sabotage attack on Iraqi oil infrastructure reignited concern about the reliability of crude exports from the country despite a peace deal to end an uprising in Najaf."  Reuters
08-27-2004 |
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Crude Oil Slide May Continue Next Week, Survey Finds "Crude oil's five-day plunge since failing to reach $50 a barrel has convinced more traders and analysts that the price will continue to fall, according to a Bloomberg News survey."  Bloomberg
08-27-2004 |
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Crude Oil Declines for Fifth Session on Easing Supply Concern "Crude oil futures declined for a fifth session, the longest period in 10 months, as a cease-fire in Najaf eased concern that shipments from Iraq will be disrupted."  Bloomberg
08-26-2004 |
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Iraq Oil Exports Cut in Half After Attack "A sabotage attack on a cluster of about 20 oil pipelines in southern Iraq has cut exports from the key oil producing region by half, a top oil official said Thursday. It was the latest insurgent attack to set back Iraq's oil sector, a key source of funding for reconstruction."  Yahoo
08-26-2004 |
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OPEC Wants to See Oil Prices Fall Faster "The Organization of Petroleum Exporting Countries wants oil prices that traded near $50 a barrel last week before retreating this week to fall faster, and will discuss whether to increase production at a meeting next month, the group's president said Thursday."  Yahoo
08-26-2004 |
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Yukos' Accounting Division Is Raided "Russian prosecutors' investigators raided the accounting division of Yukos, the country's largest oil producer, and seized boxes of bookkeeping records concerning activities for 2003 and 2004, the Interfax news agency reported."  Yahoo
08-26-2004 |
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Crude Oil Falls as Najaf Cease-Fire May Reduce Iraq Tensions "Crude oil futures fell for a fifth day, dropping below $40 a barrel in London for the first time in three weeks, as a cease-fire in Najaf, Iraq, eased concern that shipments from the Middle East's fifth-biggest exporter will be disrupted."  Bloomberg
08-26-2004 |
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Saboteurs Attack About 20 Iraq Pipelines "Saboteurs have attacked about 20 oil pipelines in southern Iraq, reducing exports from the key oil producing region by at least one third, a top oil official said Thursday. The cluster of pipelines was attacked late Wednesday in Berjasiya, 20 miles southwest of the southern city of Basra, an official with the state-run South Oil Co. said on condition of anonymity. The pipelines, which connect the Rumeila oilfields to Berjasiya, were still ablaze Thursday."  Yahoo
08-26-2004 |
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Kuwait: Speculators Driving Up Oil Prices "Kuwait's foreign minister said Wednesday that Middle East oil exporters are producing at maximum capacity to stabilize prices that are being driven up by speculators from outside the region."  AP
08-25-2004 |
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Oil Below $45 as Gasoline Prices Slide "Oil prices fell below $45 on Wednesday dragged down by heavy losses on U.S. gasoline as summer driving demand failed to meet expectations."  Reuters
08-25-2004 |
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Crude Oil Falls on Government Report of Steady Gasoline Supply "Crude oil futures fell for a fourth session after an Energy Department report showed that U.S. gasoline supplies were unchanged as petroleum product demand surged to a six-month high last week."  Bloomberg
08-25-2004 |
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Central bankers seek to dispel oil price concerns "The world's most influential central bankers -- including the Federal Reserve's Alan Greenspan and the ECB's Jean-Claude Trichet -- are seeking to ease concerns about the risks soaring oil prices represent to economic recovery."  Yahoo
08-25-2004 |
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Crude Oil Futures Rise as U.S. Inventories Expected to Decline "Crude oil futures rose for the first time in four days on expectations a government report later today will show a decline in U.S. gasoline and crude oil supplies. Gasoline stockpiles probably fell by 2.25 million barrels last week and crude inventories probably declined by 250,000 barrels, according to the median forecast in a Bloomberg survey of 14 analysts."  Bloomberg
08-25-2004 |
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Crude Oil Little Changed Near 2-Week Low as Iraqi Supplies Rise "Crude oil futures were little changed, close to a two-week low, as increased shipments from Iraq reduced concern about a global shortage. Iraqi oil began flowing from northern fields through a pipeline to Turkey, local shipping agents said yesterday. Oil from southern Iraq to Persian Gulf export terminals has doubled from a week ago."  Bloomberg
08-25-2004 |
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Oil Prices Fall to $45 as Iraq Oil Flows "Oil prices fell more than a dollar to $45 on Tuesday, in a third day of losses as a more optimistic Iraq export picture helped unwind some of the supply worries that have lifted the market to historic levels."  Reuters
08-24-2004 |
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Crude Oil Falls for Third Session as Iraqi Exports Increase "Crude oil futures fell for a third session, dropping as low as $45.35 a barrel, on speculation that increased Iraqi shipments will help meet global needs."  Bloomberg
08-24-2004 |
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Yukos Trims Oil Output Forecast As Tax Fight Thwarts Expansion "OAO Yukos said it is cutting its oil-output growth forecast for 2004 and would reduce its capital expenditures, in a sign that its conflict with the Kremlin was hurting the expansion of Russia's biggest oil exporter."  Putinru
08-24-2004 |
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Fed officials ease oil concerns "A recovery in the world's largest economy is likely to continue, despite oil prices surging to record levels, US Federal Reserve officials said. Speaking on US television on Monday night, Fed governor Ben Bernanke said that while higher oil costs may slow expansion, they would not derail it."  BBC
08-24-2004 |
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Oil Dips Below $46 as Iraq Flow Rises "Oil prices dipped below $46 on Tuesday in a third day of falls as a more optimistic Iraq export picture helped unwind some of the supply worries that have lifted the market to historic levels."  Reuters
08-24-2004 |
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Crude Oil Futures Fall a Third Day as Iraq Raises Oil Shipments "Crude oil futures fell for a third day as Iraq, the sixth-largest supplier to the U.S., increased shipments to tankers for the first time in two weeks."  Bloomberg
08-24-2004 |
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Oil price down as Iraq fears ease "The price of oil has fallen back from recent record highs as the threat to supplies from Iraq eased slightly. A resumption of pumping in northern Iraq, and a return of southern exports to normal levels following militia threats, to pipelines checked prices."  BBC
08-23-2004 |
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Yukos Shares Fall on Latest Report "Shares in the beleaguered Russian oil company Yukos fell Monday following a report that tax officials are preparing a separate $3 billion tax claim against its main subsidiary."  Yahoo
08-23-2004 |
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Oil Holds at $47 as Iraq Resumes Exports "Oil prices held just below the $47 mark on Monday as Iraq resumed exports from both its northern and southern outlets after lengthy disruption, despite fierce fighting in the holy city of Najaf."  Reuters
08-23-2004 |
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NYMEX Oil Ticks Higher on Iraq Fighting "NYMEX crude (CLV4) futures traded slightly higher on Sunday amid fresh violence in the holy Iraqi city of Najaf. In ACCESS trade on Sunday the October NYMEX crude contract, on its first day of trade as the front month, rose four cents to $46.76 a barrel. Before the September NYMEX contract expired on Friday, crude had hit a record high for the 15th time in 16 sessions, at $49.40 a barrel, amid the increased violence in Iraq. The contract later settled under $48.00, on profit-taking after a push to $50 a barrel fizzled."  Yahoo
08-23-2004 |
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Analysts Debate Effect of High Oil Prices " High oil prices, which have been a factor in virtually all U.S. recessions over the past three decades, are surging again this year. And the higher crude oil prices climb, the more risk energy costs pose to what, until recently, many expected to be a banner year for the U.S. economy."  AP
08-23-2004 |
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Bush Policy on Oil Reserves Limits Options to Lower Crude Price "President George W. Bush's policy of adding crude oil to U.S. stockpiles and his criticism of past decisions to draw on reserves to cut prices leaves him with one less option as oil nears $50 a barrel."  Bloomberg
08-23-2004 |
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Oil Falls from Highs After Missing $50 "Oil prices eased from new highs on Friday as dealers pocketed profits from a long record-breaking run after escalating violence in Iraq took U.S. crude close to $50 a barrel."  Reuters
08-20-2004 |
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Oil hits high atop $49, then slips on conflicting news "Crude-oil futures peaked at a record above $49 a barrel Friday, then slipped as traders eyed conflicting reports over developments in Najaf, Iraq, and assessed the possibility of more disruptions to the nation's oil production."  Yahoo
08-20-2004 |
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Not time to tap U.S. oil reserve--Treasury's Snow "U.S. Treasury Secretary John Snow said on Friday there had not yet been a large enough disruption to the supply of oil to warrant tapping U.S. emergency stockpiles."  Reuters
08-20-2004 |
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Oil at New High Over $49, Iraq Violence Escalates " Oil prices raced to fresh highs on Friday, carrying U.S. crude over $49 a barrel, driven by escalating violence in Iraq and unabated fuel demand growth from China and India."  Reuters
08-20-2004 |
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Second Explosion Rocks Texas Gas Facility "A second explosion in less than 24 hours rocked a burning underground gas storage facility early Friday, prompting authorities to expand an evacuation zone around the site."  AP
08-20-2004 |
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OPEC Chief: Concerned with Oil Price Rise "OPEC President Purnomo Yusgiantoro said on Friday he was concerned with the continuing rise in global oil prices, but the cartel had not yet seen a cost-driven increase in inflation."  Reuters
08-20-2004 |
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N.Y. Crude Oil Surges Above $48 as Iraqi Fighting Cuts Exports "Crude oil futures jumped to a record $48.70 a barrel in New York on concern that Iraqi exports may drop further because of clashes in southern Iraq between U.S. troops and fighters loyal to Shiite Muslim cleric Moqtada al- Sadr."  Bloomberg
08-19-2004 |
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Oil Prices Hit All-Time High of $47.96 "Crude oil prices rocketed to a record intraday high of $47.96 per barrel Thursday despite reassuring comments from Iraq that it would resume full oil exports from its southern terminals."  AP
08-19-2004 |
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Gas explosion lights up the sky over Houston "The sky over Houston is being lit up this morning by a giant gas fire. An explosion broke out at a gas storage facility in Liberty County, Texas at around 5 a.m. Homes within a one mile radius were evacuated."  Capital News 9
08-19-2004 |
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Oil Prices Near New Milestone of $48 "Crude oil prices rocketed higher again Thursday, approaching a new milestone of $48 a barrel despite reassuring comments from Iraq that it would resume full oil exports from its southern terminals."  Yahoo
08-19-2004 |
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Oil Sets Record as New Violence Flares in Iraq "Oil prices struck a fresh record on Thursday, spurred higher by renewed violence in Iraq and fresh evidence that strong demand growth in China and India has not been slowed yet by higher energy costs."  Reuters
08-19-2004 |
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Crude Oil Rises to Record in New York on Stockpile Fall, Iraq "Crude oil futures rose to a record for a sixth straight day in New York after U.S. crude inventories fell, gasoline demand rose to the highest level this year and fighting in Iraq raised concern about its ability to sustain exports."  Bloomberg
08-19-2004 |
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Oil charges to new high above $47 a barrel "The price of oil charged to a new high above $47 a barrel Wednesday amid nagging concerns about instability in Iraq, the uncertain fate of Russian petroleum giant Yukos and the world's limited supply cushion."  AP
08-18-2004 |
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N.Y. Oil Rises to a Record as U.S. Refiners Boost Operations "Crude oil prices rose to a record $47.45 a barrel in New York after the Energy Department said U.S. refineries increased production and gasoline demand rose to the highest level this year."  Bloomberg
08-18-2004 |
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Crude Reaches Record Before Expected Drop in U.S. Oil Inventory "Crude oil prices rose to a record in New York before a government report that's expected to show a third straight weekly drop in U.S. crude oil inventories."  Bloomberg
08-18-2004 |
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Oil Heads Toward $47 "Record high oil prices kept Asian stock markets in check on Wednesday as investors fretted over the impact of high energy costs on corporate earnings, but an upbeat outlook from Applied Materials lifted some tech issues."  Reuters
08-18-2004 |
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Oil prices rise amid Iraq, Yukos worries "World oil prices resumed their upward march on market concerns over a large drop in exports from Iraq and the ongoing financial crisis at Russian oil giant Yukos, analysts said."  Channelnewsasia
08-17-2004 |
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Oil Rises as Economic Growth Expected to Boost Consumption "Crude oil futures rose as strengthening U.S. economic figures boosted concern that production capacity may not be adequate to meet growing global demand. U.S. industrial production and home construction gained last month, the government said. Global oil use will rise to a record 82.2 million barrels a day this year, the International Energy Agency said earlier this month. Prices have surged 44 percent in New York this year on concern that demand won't be met because of supply disruptions in exporting countries."  Bloomberg
08-17-2004 |
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Oil Up on Rosy U.S. Economic Data "Oil prices rose close to a record high on Tuesday on U.S. economic data showing that inflationary pressure was held in check in July and ahead of weekly inventory due out on Wednesday and forecast to show a draw in crude stocks."  Reuters
08-17-2004 |
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Yukos Can Ship Oil Amid Tax Dispute, Russia Rail Says "Russia's state-owned railway, the shipper of a fourth of OAO Yukos Oil Co.'s crude oil, said it will guarantee exports, the clearest sign yet President Vladimir Putin wants to ensure supplies to world markets."  Bloomberg
08-17-2004 |
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Oil giant Yukos loses tax appeal "Russian oil company Yukos has lost an appeal for more time to pay a $3.4bn (1.85bn) tax bill. The company asked the Moscow Arbitration Court to suspend an order forcing it to pay the back taxes for 2000 by the end of August. Bailiffs are already taking money from Yukos accounts, raising fears that the company may have to stop pumping oil."  BBC
08-17-2004 |
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Oil prices ease on Venezuela optimism "Oil prices have eased as fears of supply disruptions recede following a convincing referendum victory in Venezuela for President Hugo Chavez. Worries about U.S. crude inventories, a continued disruption in Iraqi supplies and strong world fuel demand underpinned prices that remain $9 a barrel, 25 percent, higher than at the end of June."  Reuters
08-17-2004 |
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Oil giant Yukos in plea for time "Russian oil company Yukos is to ask a Moscow court on Tuesday for more time to pay its tax bill."  BBC
08-17-2004 |
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NYMEX Crude Oil Below $46 "NYMEX crude oil futures were down slightly at just under $46 a barrel on Tuesday but traders said prices were likely to resume their rise later in the week if U.S. inventories fall as expected."  Reuters
08-17-2004 |
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Oil Prices Fall, but Worries Still Exist "Oil prices fell Monday after the president of Venezuela survived a recall referendum, though fears of potential supply interruptions in other parts of the world kept futures above $46 a barrel."  Forbes
08-16-2004 |
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Militia Set Fire to Iraq Oil Well in New Tactic "Shi'ite militia have set fire to an oil well in southern Iraq, Baghdad said Monday, adopting a new tactic in the uprising against U.S. forces and the new Iraqi government."  Reuters
08-16-2004 |
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Oil Slips from Record High of $46.30 "Fresh disruption to Iraq's oil exports and warnings that YUKOS' financial crisis could ultimately cut into oil shipments bolstered prices, which have set new records in all but one of the last 12 trading sessions. U.S. light crude oil for September was down 28 cents at $46.30 a barrel, off an early peak of $46.91 a barrel which was the highest since the New York Mercantile Exchange launched oil futures 21 years ago."  Reuters
08-16-2004 |
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Crude Oil Declines From Record After Chavez Wins Recall Vote "Crude oil futures fell from records after Venezuelan President Hugo Chavez won a referendum that might have removed him from office, lessening the chances oil shipments will be disrupted, traders said."  Bloomberg
08-16-2004 |
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Venezuela Faces Questions on Oil Co. Fate "If President Hugo Chavez loses a bitterly contested weekend recall referendum on his rule, one of the biggest challenges for the opposition would be to stabilize labor relations within Venezuela's government-run oil company."  Petroleumworld
08-16-2004 |
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Shippers: Venezuela Oil Unfazed by Poll "Oil exports by Venezuela have not been disturbed by the referendum on the rule of President Hugo Chavez, shipping sources said late Sunday. "Everything is running smoothly," said one shipping source, who spoke on condition of anonymity."  Yahoo
08-16-2004 |
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NYMEX Crude Hits Record at $46.85 "NYMEX crude oil futures jumped to a record $46.85 a barrel on Monday on concerns about supply disruption from oil exporter Venezuela, which is voting in a referendum on whether to recall President Hugo Chavez."  Reuters
08-16-2004 |
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Gasoline Prices Slip to $1.87 a Gallon "The average retail cost of gasoline in the United States fell over the past three weeks, but a 12-week trend of lower pump prices is expected to turn around soon, according to an industry survey."  Yahoo
08-15-2004 |
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Non-OPEC Nations Should Up Output-Purnomo "Non-OPEC oil exporters should consider increasing output to cool record crude prices, OPEC President Purnomo Yusgiantoro said on Sunday. The Organization of the Petroleum Exporting Countries is already pumping at a 25-year high of 30 million bpd, casting aside the restraint of official quotas."  Reuters
08-15-2004 |
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Iraq Halts Oil Exports from Main Southern Pipeline "Authorities have halted oil export flows from the main pipeline in southern Iraq after intelligence showed a rebel militia could strike infrastructure, an oil official said on Saturday."  Yahoo
08-14-2004 |
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Yukos Shares Rebound on Key Asset Hopes "Yukos stock rebounded strongly Friday on hopes the company's key asset would be sold at a fair market price, enabling it to pay off a crippling tax bill."  AP
08-13-2004 |
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Oil Roars to Record, Over $46 a Barrel "Fears of an oil shock deepened on Friday as crude set new highs, underpinned by fresh evidence of strong Chinese demand and worries about sabotage in Iraq."  Reuters
08-13-2004 |
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Oil at New High After U.S. Refinery Blast "Oil prices set new highs on Friday, underpinned by fresh evidence of strong Chinese demand, worries about sabotage in Iraq and fears of unrest in Venezuela ahead of a weekend referendum on the rule of President Hugo Chavez."  Reuters
08-13-2004 |
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Oil Holds Above $45 on Iraq, Venezuela "Oil hovered near record peaks on Friday, underpinned by worries of fresh sabotage on Iraq's oil industry and possible unrest in Venezuela where President Hugo Chavez this weekend faces a referendum on his rule."  Yahoo
08-13-2004 |
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Crude Oil Trades Near Record on Supply Disruption Concern "Crude oil futures traded near record levels on concern that supplies from Iraq, Russia or Venezuela may be disrupted, reducing inventories in consuming nations amid surging global demand for fuel."  Bloomberg
08-13-2004 |
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U.S. Renews Concerns Over Yukos Case "The United States on Thursday renewed its concerns about Russia's handling of the case against top oil producer Yukos and its embattled owners as world oil prices hit new highs amid deep uncertainties in the market due to Iraq and Venezuela."  Turkish Press
08-12-2004 |
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Oil Hits New High as Iraq Fighting Rages "Oil prices hit fresh record highs on Thursday as U.S.-led forces sought to crush a rebellion in the holy Iraqi city of Najaf, a move which Shi'ite Iraqi militia have warned could trigger fresh attacks on oil infrastructure. U.S. light crude rose 70 cents to $45.50 a barrel, the highest price in 21 years of trade on the New York Mercantile Exchange. London's Brent crude futures rose 70 cents to hit a new peak of $42.27."  Reuters
08-12-2004 |
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Oil at new high on Iraqi violence "The price of a barrel of Brent crude oil has reached yet another record high in London due to continuing concern at the ongoing unrest in Iraq."  BBC
08-12-2004 |
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Oil futures end higher as traders assess output risks "Crude-oil futures climbed Wednesday to close near $45 a barrel again as production risks in Iraq, Venezuela, and Russia offset news that Saudi Arabia has more than 1 million barrels a day of spare output capacity."  CBS
08-11-2004 |
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U.S. Marines Ready Najaf Assault, Oil Threatened "U.S. Marines Wednesday said they were preparing a final assault on militia in the Iraqi Shi'ite holy city of Najaf, but a militia leader warned they would retaliate by bombing vital oil pipelines in the south."  Reuters
08-11-2004 |
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Saudi Arabia to open up oil taps "Saudi Arabia is ready to pump as many as 1.3 million extra barrels a day (b/d) of oil to cool runaway prices, the country's oil minister has said."  BBC
08-11-2004 |
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U.S. stocks bounce as crude plunges below $44 "Crude plunged below $44 a barrel after the Saudis said they were ready to raise output by 1.3 million barrels per day "immediately" to help meet world demand and curb soaring prices, according to AFP. September crude was last down $1.02, or 2.3 percent, to $43.50 a barrel on the New York Mercantile Exchange."  CBS
08-11-2004 |
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Yukos's Main Oil Unit `Dangerously Short' of Cash "OAO Yukos Oil Co.'s Yuganskneftegaz unit, which is at the center of a $3.4 billion tax dispute with the Russian government, is ``dangerously short'' of money and may have to cut output after Russia froze bank accounts at the parent company, said the unit's chief executive, Sergey Koudryashov."  Bloomberg
08-11-2004 |
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IEA Boosts Oil Demand Forecast, Says High Prices Hurt "The International Energy Agency, the oil adviser to 26 industrialized nations, raised its projections for oil demand this year and next and said record prices are hurting the world economy. 'Current oil prices are a concern and are causing economic damage,' the Paris-based agency said in a monthly report. 'The market is tight, production and infrastructure capacity is less than desired and uncertainties continue to weigh on the market.' Crude oil in New York has risen 37 percent this year."  Bloomberg
08-11-2004 |
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Oil heading to $US50 "Oil prices today topped $US45 yesterday before being dragged back down to $US44.25 by profit taking and experts warned that $US50 barrels are likely."  National Business Review
08-11-2004 |
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Oil Eases After Hitting $45 a Barrel "World oil prices eased from fresh record highs on Tuesday after Iraq resumed exports following a sabotage attack on the main export pipeline from its southern oilfields. U.S. light crude touched $45.04 a barrel, a record in the 21-year history of crude futures trade on the New York Mercantile Exchange, before the news of restored Iraqi supplies sent prices down 44 cents on the day to $44.40 a barrel."  Yahoo
08-10-2004 |
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Crude Prices Reach Record High "Crude oil prices soared to new highs Tuesday, stopping just short of $45 per barrel, after Iraq said it had stopped pumping oil from its key southern oil fields because it feared militant attacks on key pipelines."  AP
08-10-2004 |
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Yukos plunges amid rumours of Russia insider trading "Yukos stock crashed in early trading on news that it no longer has rights to shares in its main oil subsidiary amid growing speculation of insider trading. There is also deep concern about how the turmoil surrounding the company, the biggest Russian oil producer, is affecting world oil prices."  Channelnewsasia
08-10-2004 |
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Venezuela gives oil reassurances "The Venezuelan government says it will guarantee oil exports and prevent violence regardless of who wins next Sunday's vote on President Hugo Chavez."  BBC
08-10-2004 |
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Bailiffs Renew Seizure of Yukos Assets "The embattled oil company Yukos suffered a double blow Monday as bailiffs renewed their seizure of assets of its key production unit and a court rejected its appeal against the arrest of another subsidiary."  AP
08-09-2004 |
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Oil Hits Record as Iraq Cuts Output "Oil prices hit fresh record highs on Monday after a Shi'ite Muslim uprising forced Iraq to shut down its southern oil production, reinforcing concern over tight international supplies."  Yahoo
08-09-2004 |
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Yukos will ship after transporter fee deadline "Russia's railways expect to keep Yukos oil moving toward ports after Tuesday, when the firm's deadline to pay transport fees expires. This is a rare break for the oil company as it fights a potentially ruinous tax charge."  CNN
08-09-2004 |
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Yukos Shares Soar After Court Decision "Yukos shares soared on Russian exchanges Monday after last week's ruling that its biggest production unit had been illegally seized by bailiffs. But concerns about the oil giant's future persisted after a series of contradictory statements last week took the price of its stock on a rollercoaster ride that shows no signs of ending soon."  AP
08-09-2004 |
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Oil Back Near Highs After Brief Respite "Oil prices rose back toward record highs on Monday as fears persisted over tight international supply, despite easing concerns over the immediate threat to exports from Russian oil giant YUKOS."  Reuters
08-09-2004 |
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Dubai in Yukos pay-off bid "A CONSORTIUM of Dubai-based investors has emerged as the mystery backer of a $US10 billion ($14.2 billion) offer to save Yukos, the troubled Russian oil giant."  NEWS
08-08-2004 |
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Oil futures end the week under $44 a barrel "Crude futures fell Friday to close below $44 a barrel in New York, a few cents above last week's level, as records every day for a week prompted investors to reassess their outlook on supply and demand."  Yahoo
08-06-2004 |
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Oil Eyes $45, Nerves Jangled by YUKOS "Oil prices hit record highs Friday, climbing close to $45 after a renewed threat to Russian oil major YUKOS added to the strain on world supplies. U.S. light crude struck $44.77 a barrel, the highest level in the 21-year history of crude futures on the New York Mercantile Exchange, before easing back to $44.38, down 3 cents from Thursday's settlement."  Reuters
08-06-2004 |
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Yukos Says Court Rules Against Seizure of Oil Unit "OAO Yukos Oil Co., Russia's largest oil exporter, said a Moscow court ruled against the state's plan to seize shares of its largest oil-producing unit, lifting for now one threat of bankruptcy."  Bloomberg
08-06-2004 |
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Opec production at '25-year high' "Oil cartel Opec is pumping a record 30 million barrels a day, and could boost that by another 1-1.5 million barrels if needed, its president has said."  BBC
08-06-2004 |
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YUKOS Has No Money in Accounts -- Source "Russian oil major YUKOS has no money in its bank accounts after bailiffs seized $900 million on Thursday to cover its back-tax bill, a financial source said on Friday."  Reuters
08-06-2004 |
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Oil at New Highs on YUKOS, Refinery Fire "Oil prices hit fresh records on Friday, climbing close to $45, after a renewed threat to Russian oil major and a big refinery fire in the United States added to the strain on world supplies. U.S. light crude struck $44.77 a barrel, 36 cents up from Tuesday's settlement and the highest in the 21-year history of crude futures on the New York Mercantile Exchange."  Yahoo
08-06-2004 |
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U.S. oil hits record after BP refinery fire "U.S. oil prices raced higher to a fresh record on Friday after a fire at a big U.S. refinery underlined the vulnerability of supplies at a time when global demand is accelerating at the fastest pace in more than 20 years."  Netscape News
08-06-2004 |
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Oil Soars to New Highs on YUKOS "World oil prices soared to new record highs on Thursday after the Russian government barred oil major YUKOS from accessing its bank accounts, threatening its ability to continue exports."  Reuters
08-05-2004 |
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Oil Rises to Record as Yukos Asset Freeze Boosts Supply Concern "Crude oil futures in New York surged to a record for a fifth session on concern spare production capacity isn't available to substitute for a possible disruption of shipments from OAO Yukos Oil Co., Russia's biggest exporter."  Bloomberg
08-05-2004 |
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Oil Pushes Higher as Russia Targets YUKOS "World oil prices rebounded on Thursday from a heavy fall the previous session on news Russia's Justice Ministry had revoked permission for oil major YUKOS to use its bank accounts to finance daily operations and pay transport fees to ensure oil exports."  Yahoo
08-05-2004 |
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Oil Rises "U.S. blue-chip stocks had posted slim gains on Wednesday as oil futures fell to $42.83 a barrel on the New York Mercantile Exchange amid easing concerns about an imminent disruption to already stretched global supplies. U.S. crude had shot to $44.34 earlier on Wednesday, the highest in 21 years. By Thursday morning, however, oil futures were trading at $43.20 a barrel in electronic trading."  Reuters
08-05-2004 |
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Oil slips as supply fears recede "Oil prices have pulled back from 21-year highs as fears over threats to supplies eased thanks to good news from Opec and debt-ridden producer Yukos."  BBC
08-05-2004 |
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Nymex Gasoline Plunges After U.S. Supplies Reach 17-Month High "The nation's gasoline inventories rose 2.4 million barrels last week to 210.1 million barrels, the highest since February 2003, the U.S. Energy Department said. Analysts expected a decline of 500,000 barrels, based on the median estimate in a Bloomberg survey."  Bloomberg
08-04-2004 |
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Saudi Arabia Opens Fields Before Plan, Lifts Capacity "Saudi Arabia, the world's largest oil producer, has started pumping at two new fields three months ahead of schedule and may delay the shutdown of older wells to ease concern of a lack of capacity to supply oil."  Bloomberg
08-04-2004 |
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Oil Slip from Record Highs "Oil prices slipped from record highs on Wednesday after U.S. government data showed growing oil product stockpiles. U.S. crude (CLc1) was down 30 cents at $43.85 a barrel, after striking $44.30, the highest since oil futures were launched on the New York Mercantile Exchange in 1983."  Yahoo
08-04-2004 |
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Oil prices rise to new record high levels on capacity "Oil prices climbed to new record high levels, driven by unbridled global consumption and a warning from OPEC producers that they cannot pump any more oil, traders said. New York's reference contract, light sweet crude for delivery in September, rose 15 cents to a new historic peak of 44.30 dollars per barrel in electronic deals."  Yahoo
08-04-2004 |
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U.S. Oil Prices Reach a New Record High "U.S. oil prices notched up a fresh record high above $44 a barrel on Wednesday, fanning growing concern that consistently high prices are denting global economic growth. Analysts warned on Wednesday that rising oil prices may hurt growth in India, Asia's fourth-largest economy, which imports 70 percent of its energy requirements."  Yahoo
08-04-2004 |
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U.S. Oil Up to Fresh Record Above $44/bbl "U.S. oil prices struck a fresh record high above $44 a barrel on Wednesday, on continuing concerns that any hiccup in the tightly stretched supply chain could lead to a major disruption to global crude flows. U.S. light crude struck $44.25 a barrel, 10 cents up from Tuesday's settlement and the highest since oil futures were launched on the New York Mercantile Exchange in 1983."  Reuters
08-04-2004 |
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World Bank Accepts New Oil, Gas Lending Controls "The World Bank yesterday agreed to new rules meant to prevent revenue from oil and gas projects going to corrupt regimes but rejected a call for it to pull out of those projects altogether."  Washingtonpost
08-04-2004 |
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Oil Rises to Record on Concern About OPEC Capacity "Crude oil futures rose to a record on concern that the Organization of Petroleum Exporting Countries is unable to boost production to meet increasing demand."  Bloomberg
08-03-2004 |
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OPEC Output Nears Capacity as Production Reaches 25-Year High "OPEC's crude oil output jumped to a 25- year high last month, raising concern that producers have little cushion left to cope with supply disruptions and check a rally that pushed prices to a record."  Bloomberg
08-03-2004 |
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Iraqi Oil Line Hit by Explosion "Militants in Iraq have attacked a key oil pipeline between the northern Iraqi city of Kirkuk and the port of Ceyhan in Turkey. It is not clear how much oil exports have been affected as a result of the bomb attack."  BBC
08-03-2004 |
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Oil Futures Prices Surpass $44 a Barrel "Oil futures prices surpassed $44 a barrel Tuesday amid conflicting signals about OPEC's production capacity, continued fears of a disruption to Russian supplies and a heightened terror alert in the United States."  AP
08-03-2004 |
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Crude Oil Rises to Record on Concern OPEC Can't Meet Demand "Crude oil futures rose to a record in New York after OPEC President Purnomo Yusgiantoro said the group may not be able to increase production fast enough to lower prices, which have surged 39 percent in the past year."  Bloomberg
08-03-2004 |
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N.Y. Oil Falls From Record as Concern of Yukos Disruption Wanes "Crude oil for September delivery was down 42 cents, or 1 percent, at $43.38 a barrel at 10:55 a.m. on the New York Mercantile Exchange. Oil reached $43.92 a barrel, the highest price since futures began trading in New York in 1983. Prices were 34 percent higher than a year earlier."  Bloomberg
08-02-2004 |
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Oil Eases But Near Record "U.S. light crude hit a peak at $43.92 a barrel on fears about global supplies, the highest level since oil futures were launched on the New York Mercantile Exchange in 1983, before easing to $43.62."  Reuters
08-02-2004 |
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Why oil prices may stay sky high "Analysts say the fact that Yukos could jolt the global oil market underscores how several factors are making the market vulnerable to shocks, and are likely to conspire to keep prices high for the next 12 to 18 months."  CSMonitor.com
08-02-2004 |
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U.S. Oil Hits Record, Nears $44 a Barrel "U.S. oil prices struck a new 21-year peak on Monday, climbing close to $44 a barrel after the United States raised its security alert to high for a possible al Qaeda attack on a top financial institution."  Reuters
08-02-2004 |
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Oil prices to stay high, warns BP chairman
"Oil prices are set to stay high, bringing further misery for motorists, the chairman of BP warned yesterday. Lord Browne, the head of Europe's largest oil company, said prices are likely to remain high in the short term because of concerns across the world over supply." 
 Independent.UK
08-01-2004 |
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Oil Rises on U.S. Terror Alert "Crude oil rose to a record amid concern terrorists may also target oil facilities to disrupt the November U.S. presidential elections and tensions may escalate in the Middle East, which produces about a third of the world's oil."  Bloomberg
08-01-2004 |
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U.S. Crude Prices Strike New Record High "U.S. light crude futures struck a new 21-year high on Monday at $43.88 a barrel on concerns over supply disruptions and after the United States raised its security alert to high for a possible al Qaeda attack on a top financial institutions."  Yahoo
08-01-2004 |
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Crude Oil Rises to a Record in N.Y. on Raised U.S. Terror Alert "Crude oil rose to a record after the U.S. raised the terror alert level for financial institutions in Washington, New York City and northern New Jersey on concern about attacks to disrupt the presidential election in November."  Bloomberg
08-01-2004 |
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