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Oil Ends Up as Nigeria Worries Persist "Crude oil climbed back over $50 a barrel on Thursday, with worries over the security of Nigerian supplies supporting prices despite a surprise increase in U.S. crude inventories. U.S. light crude traded as high as $50.10 a barrel, less than 40 cents off Tuesday's all-time record of $50.47, before easing to settle at $49.65, up 13 cents on the day."  Yahoo
09-30-2004 |
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G7 to call for better info on oil supplies-source "The world's richest nations believe international oil resources are scarcer than was once thought and will call for greater transparency on the question at this weekend's gathering in Washington, a G7 source said."  Reuters
09-30-2004 |
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Yukos' Shipments to China Are Suspended "Embattled oil giant Yukos' shipments to China have been suspended until at least Oct. 20, company and government officials confirmed Thursday. But Russian Railways chief Gennady Fadeyev did not explain why oil deliveries would resume on that date. A Yukos spokesman also said he could neither confirm nor deny that supplies would resume at the end of October."  Yahoo
09-30-2004 |
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Crude Oil Declines for a Second Day After U.S. Stockpiles Gain "U.S. stockpiles rose by 3.4 million barrels, the U.S. Energy Department said yesterday. Twelve of 13 analysts surveyed by Bloomberg had expected a decline. Traders also are monitoring talks between the Nigerian government and a rebel leader who had threatened to disrupt oil supplies. Royal Dutch/Shell Group this week slowed Nigerian output because of the threat of violence."  Bloomberg
09-30-2004 |
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Heating Costs for Natural Gas to Jump "As if $2 a gallon gasoline hasn't been bad enough, people now should be bracing for sharply higher heating bills this winter whether they use oil or natural gas to warm their homes."  Yahoo
09-30-2004 |
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Oil Nears $50 as Nigeria Worries Persist "High-flying oil climbed back toward $50 a barrel on Thursday, with worries over the security of Nigerian supply supporting prices despite a surprise build in U.S. crude inventories."  Reuters
09-30-2004 |
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Oil Prices Slip as Supply Threats Ease "Oil prices slid toward $49 a barrel on Thursday after U.S. crude stocks rose unexpectedly and rebels in Nigeria's oil-rich delta region agreed to a cease-fire with the government, reducing an imminent threat to supplies."  Reuters
09-30-2004 |
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Oil Falls After U.S. Supplies Rise, Nigeria Tension Said Easing
"Crude oil fell for the first session in two weeks after the Energy Department reported an unexpected increase in U.S. stockpiles last week after Hurricane Ivan and concern eased that Nigerian rebels would attack oil facilities." 
 Bloomberg
09-29-2004 |
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Oil Falls from $50 as Crude Stocks Swell "Oil prices dropped from record highs above $50 a barrel on Wednesday as weekly U.S. inventory data showed a surprise increase in crude stocks, easing fears over stretched international supplies."  Reuters
09-29-2004 |
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Oil Prices Stay Close to $50 a Barrel "Oil prices held close to $50 a barrel on Wednesday ahead of weekly U.S. inventory data that is expected to show a decline in crude stocks after Hurricane Ivan hit Gulf of Mexico production."  Reuters
09-29-2004 |
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Oil prices ease back from highs "US oil prices eased slightly on Tuesday, having earlier hit fresh 21-year highs of more than $50 a barrel. Prices leapt to $50.47 a barrel in overnight trading as concern grew about disruption to supplies, but settled at $49.90, up 26 cents, in New York trade."  BBC
09-29-2004 |
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Motorists Could Face $2/gal Gasoline Soon "U.S. drivers could again face $2 a gallon gasoline now that crude oil has topped a record $50 a barrel, government experts said on Tuesday. U.S. crude oil futures hit an all-time high of $50.47 per barrel this week as rebel threats against Nigerian oilfields threatened supplies already pinched by hurricane-related drilling shutdowns in the Gulf of Mexico."  Reuters
09-29-2004 |
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Crude Oil Trades Near Record on Concern U.S. Supplies May Fall
"Crude oil for November delivery traded at $50 a barrel in after-hours trading on the New York Mercantile Exchange at 11:35 a.m. Singapore time, 10 cents higher than yesterday's record closing price of $49.90. Yesterday, the contract reached $50.47, the highest intraday price since futures began trading in 1983. Prices have risen 15 percent in the past 10 days partly because of concern Nigerian output may be disrupted by rebel attacks." 
 Bloomberg
09-29-2004 |
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N.Y. Oil Exceeds $50 as Nigerian Fighting, Storms Lower Supply "Crude oil for November delivery was up 24 cents, or 0.5 percent, at $49.88 a barrel at the 2:30 p.m. close of floor trading on the New York Mercantile Exchange. Prices reached $50.47, the highest since futures began trading in 1983. Oil futures were up 77 percent from a year earlier."  Bloomberg
09-28-2004 |
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Oil Is Steady After Reaching Record $50.47 on Supply Concern
"Oil futures were little changed after touching a record $50.47 a barrel on concern Nigerian rebels will follow through on threats to cut shipments from the fifth-largest supplier to the U.S." 
 Bloomberg
09-28-2004 |
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U.S. stock futures hold gains, oil off overnight peak "Crude oil futures broke through the $50 mark overnight, but came off peaks above that level after Saudi Arabia said it's planning to raise oil production to 11 million barrels a day from 9.5 million. The increase will become effective within weeks, the Associated Press reported, citing an Oil Ministry official."  CBS
09-28-2004 |
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Crude Breaks $50 on Nigerian Supply Fears "U.S. crude oil futures broke through $50 to a new record on Tuesday, on worries over supply disruptions from Nigeria and other major producers."  Reuters
09-28-2004 |
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N.Y. Crude Oil Soars to Record $49.75 on Nigerian Supply Threat "Crude oil surged to a record $49.75 a barrel in New York amid concern rebel attacks in Nigeria will reduce production and U.S. refiners will struggle to replenish supplies disrupted by Hurricane Ivan."  Bloomberg
09-27-2004 |
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Yukos unit evaluated for sale to pay bill "Assets of Russia's beleaguered Yukos oil company should be sold for at least $15 billion, a senior official said Monday, as the company's main production unit is evaluated for sale against a crushing back-tax bill."  AP
09-27-2004 |
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Crude Oil Jumps to Record $49.47 on Threat to Nigerian Supply "Crude oil rose to a record $49.47 a barrel in New York, on concern rebels may target output in Nigeria as U.S. refiners struggle to meet their needs after Hurricane Ivan cut Gulf of Mexico supplies."  Bloomberg
09-27-2004 |
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Gas prices jump as Ivan disrupts supply "Gas prices jumped more than 5 cents a gallon in the past two weeks, largely because of supply problems related to Hurricane Ivan, an industry analyst said Sunday."  AP
09-27-2004 |
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Crude Oil Rises on Slower-Than-Expected Recovery of U.S. Output "Crude oil futures rose for an eighth day in New York on concern U.S. inventories may decline for a ninth week as production in the Gulf of Mexico takes longer than expected to recover from Hurricane Ivan."  Bloomberg
09-27-2004 |
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Crude Oil Rises to Highest-Ever Close as Ivan Lowers Supplies "Crude oil rose to the highest-ever closing price on concern that the damage caused by Hurricane Ivan will cause stockpiles to be insufficient when refineries boost production of heating oil."  Bloomberg
09-24-2004 |
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Oil price surge takes a breather "Oil prices have eased following the US Government's offer to lend crude oil to refiners from its emergency stock pile, the Strategic Petroleum Reserve."  BBC
09-24-2004 |
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Putin: Russia won't nationalize Yukos oil "Russia does not intend to nationalize the Yukos oil company, but state-owned organizations will be able to bid if its assets are put up for auction, President Vladimir Putin said Friday."  AP
09-24-2004 |
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Oil Holds Above $48 Despite SPR Loans "Oil's advance wavered a little on Friday as the U.S. government prepared to lend out some strategic crude stocks, but traders said the amounts were small and that supply worries remained."  Reuters
09-24-2004 |
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Crude Oil May Rise Next Week on Low U.S. Supplies "Crude oil in New York may rise to $50 a barrel next week as U.S. refineries increase purchases to refill inventories that are close to a 29-year low, according to a Bloomberg News survey of traders and analysts."  Bloomberg
09-24-2004 |
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Oil Prices Climb Despite Gov't Statement "Oil prices climbed toward $49 per barrel Thursday even as the Bush administration considered lending crude from the nation's emergency stockpile to refiners experiencing supply disruptions caused by Hurricane Ivan."  Forbes
09-23-2004 |
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U.S. Considers Loaning Oil From Petroleum Reserve "The Bush Administration is considering a request from refiners to borrow oil from the Strategic Petroleum Reserve because of supply disruptions caused by Hurricane Ivan, White House spokesman Scott McClellan said."  Bloomberg
09-23-2004 |
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Crude Falls on Speculation U.S. May Loan Refiners Strategic Oil "Crude oil fell from a record high in London on speculation the U.S. may use oil from its emergency stockpiles to keep refineries running after Hurricane Ivan curtailed supplies from the Gulf of Mexico."  Bloomberg
09-23-2004 |
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Oil at $48 as U.S. Mulls Tapping Stocks "High-flying oil prices paused in their ascent on Thursday as the U.S. government considered whether to loan out crude from its strategic petroleum reserve after Hurricane Ivan sliced into supplies."  Reuters
09-23-2004 |
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Crude Oil Futures Pare Gains as Supply Disruption Concern Wanes
"Crude oil futures fell, snapping an 11 percent gain in the past week, as concern eased that disruptions at Russia's biggest oil exporter and hurricane damage in the Gulf of Mexico region will further cut supply." 
 Bloomberg
09-23-2004 |
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Oil Tops $48 a Barrel on Supply Worries "Crude futures prices surged above $48 per barrel Wednesday as oil production and shipping disruptions caused by Hurricane Ivan caused domestic supplies to shrink more than expected."  Yahoo
09-22-2004 |
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Oil Holds Firm After Big Fuel Stocks Draw "Oil prices held firm, close to $47 a barrel on Wednesday after U.S. data showed the disruption caused by Hurricane Ivan had eaten into fuel stocks. Heating oil futures brushed record levels as concerns grew that stocks of heating fuels in Japan, the United States and Europe could prove inadequate for the northern hemisphere winter."  Yahoo
09-22-2004 |
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Oil Holds Near $47 "Oil prices hovered below $47 a barrel on Wednesday, awaiting U.S. data that was expected to show a big drop in fuel stocks after Hurricane Ivan disrupted operations."  Reuters
09-22-2004 |
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Crude Oil Little Changed After Gains on Russian Export Concerns "Crude oil was little changed in New York after rising to a one-month high yesterday on concern Russian exports will be disrupted after utilities cut some power supplies to OAO Yukos Oil Co., the country's top producer."  Bloomberg
09-22-2004 |
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Oil Hits $47 as Supply Worries Linger "Oil prices hit a one month-high of $47 a barrel on Tuesday as China showed no let-up in its strong import growth and traders worried that U.S. petroleum inventories had drawn down heavily due to Hurricane Ivan."  Yahoo
09-21-2004 |
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Oil Rallies for 4th Session on Concern About Russian Supplies "Crude oil rose to a one-month high of $47.18 a barrel on concern Russian exports will be disrupted after utilities cut some power supplies to OAO Yukos Oil Co., the country's top producer."  Bloomberg
09-21-2004 |
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Oil prices to remain high on Chinese demand, terrorism: analysts "China's enormous appetite for fuel to power its industries and the ongoing violence in Iraq will continue to drive oil prices higher, industry analysts said at a regional conference here."  Channelnewsasia
09-21-2004 |
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Oil Above $46 as Supply Worries Linger "Oil prices held firm on Tuesday as China showed no let-up in its strong import growth and U.S. Gulf producers reported damage to offshore rigs from Hurricane Ivan."  Reuters
09-21-2004 |
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YUKOS Woes Drive Oil Above $46 a Barrel "Oil prices hit $46 on Monday after Russian oil giant YUKOS said it would cut some oil shipments to China, the first toll on exports from the company's financial turmoil."  Reuters
09-20-2004 |
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Oil prices rise on worries over Yukos, impact of Hurricane Ivan "Oil prices climbed following a report that Russia's embattled oil giant Yukos had partly suspended deliveries to China and concerns about the impact of hurricanes on US supplies. The price of Brent North Sea crude oil for delivery in November rose 25 cents to 42.70 dollars per barrel in early deals Monday, the highest level since August 23."  Channelnewsasia
09-20-2004 |
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Investment needed to keep oil flowing, analysts suggest "The spike in oil prices in recent months is stoking heated arguments between market players, who blame each other for the lack of production capacities that has been exposed by strong global demand."  eTaiwanNews
09-20-2004 |
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Yukos said to halt some exports to China "Russia's Yukos oil company is suspending oil exports to the Chinese National Petroleum Corp. because it cannot afford to pay transport expenses, a news agency reported Sunday."  AP
09-20-2004 |
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Yukos Oil Co. Still Close to Bankruptcy "Russia's Yukos oil company has paid $2.2 billion of its $3.4 billion tax bill for 2000, Yukos' top finance official said Friday, as he renewed warnings that the embattled company was close to bankruptcy."  Forbes
09-17-2004 |
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Oil Surges on Storm, Supply Concerns "World oil prices surged nearly $2 on Friday on worries the stormy season in the Gulf of Mexico would continue to hamper energy production and imports, delaying vital stock building ahead of the coming winter months."  Yahoo
09-17-2004 |
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Crude Oil Gains as Storm Jeanne May Disrupt U.S. Gulf Output "Crude oil futures rose for a second day on concern tropical storm Jeanne may become a hurricane and reach the Gulf of Mexico, forcing platform evacuations and production cuts for a second time this month."  Bloomberg
09-17-2004 |
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Oil Prices Firm as Storms Threaten Supply "World oil prices rose on Friday, boosted by production stoppages due to a severe hurricane in the Gulf of Mexico and worries that another storm might further delay imports into the United States."  Reuters
09-17-2004 |
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Hurricane Ivan Uproots Oil Rigs "Hurricane Ivan, which left a swath of death and destruction across the Caribbean, wrought havoc on oil drilling operations in the Gulf of Mexico before rampaging across the Florida and Alabama coast on Thursday."  Reuters
09-16-2004 |
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Oil Prices Rise Though Storm Fears Vanish "Oil prices rose Thursday despite reports that refineries along the Gulf Coast, as well as production platforms in the Gulf of Mexico, that had been shut down were slowly being restaffed, as Hurricane Ivan proved to be less disruptive than feared."  Yahoo
09-16-2004 |
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Oil Falls as Crews Return to Louisiana Platforms After Ivan "New York crude oil futures fell for a second day as crews return to production platforms in the Gulf of Mexico off Louisiana after Hurricane Ivan moved east of the state. Prices have declined $1.29, or 2.9 percent, in two days. Platforms, refineries and ports are opening today. More than three-quarters of U.S. oil output from the Gulf of Mexico, or 6.5 percent of the nation's daily consumption, was cut because of platform evacuations in advance of the storm."  Bloomberg
09-16-2004 |
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Crude Rises as Hurricane Ivan May Damage Refineries, Cut Supply
"Crude oil futures climbed for a third day in four as Hurricane Ivan slammed the U.S. Gulf Coast in Alabama, raising concern that damage to refineries in the region will shut down processing capacity for weeks." 
 Bloomberg
09-16-2004 |
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US crude oil inventories hit seven month low "US crude oil inventories decreased last week to their lowest levels in nearly seven months, the Department of Energy said Wednesday. In the week ending September 10, crude oil stocks in the Unites States fell by 7.1 million barrels to 278.6 million barrels. The decline was much sharper than the drop of 1.5 million barrels some economists were expecting."  Xinhuanet
09-15-2004 |
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Oil Prices Surge As Hurricane Ivan Nears "The loss of more than half the daily oil production in the Gulf of Mexico, and a significant amount of refining capacity, as a result of Hurricane Ivan should not cause U.S. motorists much long-term pain at the pump -- so long as Ivan does not cause the industry any lasting infrastructure damage."  Yahoo
09-15-2004 |
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Russia warns BP, YUKOS it can revoke oil licences "Russia warned on Wednesday that production licences of foreign and domestic oil companies can be torn up at will if the nation's fabulous natural wealth is not exploited on Moscow's terms."  Reuters
09-15-2004 |
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OPEC to Increase Oil Production "OPEC members were expected to increase the cartel's production during a meeting Wednesday by 1 million barrels a day to meet the global demand for oil. But analysts contended that any decision by the group would likely have little effect on high oil prices."  Washingtonpost
09-15-2004 |
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Hurricane Pushes U.S. Oil Toward $45 "Oil prices rose on Wednesday as Hurricane Ivan -- one of the fiercest storms on record -- churned toward the southeastern United States, while the dollar struggled with worrying economic data."  Reuters
09-15-2004 |
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Crude Prices Up Amid Production Shutdowns "Hurricane Ivan held its grip on oil markets Tuesday, as shutdowns of production platforms in the Gulf of Mexico and fears of storm damage drove crude and gasoline prices higher."  Yahoo
09-14-2004 |
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Saboteurs blow up pipeline junction in northern Iraq "Iraq Saboteurs blew up a junction where multiple oil pipelines cross the Tigris River in northern Iraq on Tuesday, setting off a chain reaction in power generation systems that left the entire country without power, officials said."  Boston
09-14-2004 |
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Saudi Resist OPEC Quota Increase "OPEC is keeping its foot to the pedal on production in a bid to drag down oil prices but may be reluctant to rubber-stamp extra supplies by lifting official output limits, Saudi Arabia said on Tuesday."  Reuters
09-14-2004 |
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Crude Rises as Hurricane Ivan Forces BP, Shell to Cut Output "Crude oil futures rose for a second day as Hurricane Ivan forced BP Plc to curtail production and Royal Dutch/Shell Group to deepen cuts in the U.S. Gulf of Mexico, slashing more than a fourth of the region's output."  Bloomberg
09-14-2004 |
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No shortage on oil market: Qatari minister "Qatari Oil Minister Abdulah Bin Hamad al-Attiyah said there will be neither a shortage of oil nor a crisis in the market, adding that OPEC was producing almost at its maximum capacity."  Yahoo
09-13-2004 |
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Crude Up as Ivan Threatens Oil Facilities "World oil prices climbed on Monday as companies operating in the U.S. Gulf of Mexico braced for output disruptions from powerful Hurricane Ivan. U.S. light crude rose 73 cents to $43.55 a barrel and London Brent crude added 59 cents to $40.79."  Reuters
09-13-2004 |
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U.S. gas prices resume their decline "Gas prices fell about 2 cents in the past two weeks, reflecting recent drops in the price of crude oil and plentiful supply, an industry analyst said Sunday."  AP
09-13-2004 |
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Crude Oil Rises as Hurricane Ivan May Disrupt Output, Shipments "Crude oil futures rose on concern Ivan, the strongest hurricane so far this year, may disrupt shipments in the Gulf of Mexico, source of a quarter of U.S. oil and gas output."  Bloomberg
09-13-2004 |
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Oil Plunges 4 Percent After Failing to Breach Last Week's High "Technical traders, who use price and volume charts to discern trends, helped trigger the decline when futures were unable to breach $45.37, the Sept. 2 intraday high. Hurricane Ivan, which helped lift prices yesterday, is forecast to reach Florida Monday and avoid most oil platforms in the Gulf of Mexico, which provide a quarter of U.S. oil output."  Bloomberg
09-12-2004 |
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Crude Oil Rises on Report That U.S. Supplies Dropped Last Week "Crude oil in New York rose for the first session in four after the Energy Department reported that U.S. supplies declined more than expected last week. Stockpiles fell 1.4 million barrels, or 0.5 percent, to 285.7 million. Inventories were expected to drop by 1 million barrels, according to the median of forecasts by 14 analysts in a Bloomberg survey."  Bloomberg
09-09-2004 |
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Oil Steady; Eye on Supplies, Hurricane "Oil prices were little changed on Thursday as downside pressure from swelling international supplies was balanced by concern that Hurricane Ivan could hit offshore energy production in the Gulf of Mexico after tearing through the Caribbean."  Reuters
09-09-2004 |
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IEA Says $40 Oil May Not Last as Inventories Rise "The International Energy Agency, the oil adviser to 26 industrialized nations, said prices might fall below $40 a barrel because consumers are ``well supplied'' with crude and inventories are rising."  Bloomberg
09-09-2004 |
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Oil prices slip in jittery trading "Oil prices slipped Wednesday after an early rally in jittery trading due to hurricane speculation and light volume. "The driving force on the market today, if there is any, is the track of the storm Ivan," said Phil Flynn, senior market analyst at Alaron Trading Corp. in Chicago."  AP
09-08-2004 |
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Oil Up as Hurricane Shuts Some Refineries "Oil prices rose on Wednesday as Hurricane Ivan forced oil refinery closures in the Caribbean, threatening to restrict supplies to the United States. U.S. light crude rose 22 cents to $43.53 a barrel, down around $6 from August's all-time peak of $49.40. London's Brent crude rose 23 cents to $40.99 a barrel."  Reuters
09-08-2004 |
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OPEC may lift oil price range "After hovering above $22 for months, cartel looks to adjust range to $28 to reflect soaring prices. OPEC may set a new target range for oil prices next week and would like to see crude down from current lofty levels closer to $30 a barrel, the head of the producers' cartel said Wednesday."  CNN
09-08-2004 |
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Crude Oil Futures Fall on Rising OPEC Oil Production, Capacity "Crude oil futures fell to their lowest in a week on speculation that world oil supply can meet demand after oil-producing nations boosted production last month, when prices were at record levels."  Bloomberg
09-08-2004 |
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Oil Prices Fall as Supply Fears Ease "U.S. oil prices eased on Tuesday as the head of the OPEC cartel said markets were well-supplied with crude and traders continued to take profits from this year's 40 percent rally."  Reuters
09-07-2004 |
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Oil Extends Falls, Supply Fears Lessen "Oil prices eased further on Tuesday, as the head of the OPEC cartel said markets were well-supplied with crude and traders continued to take profits from this year's 40 percent rally."  Reuters
09-07-2004 |
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Crude Falls in New York After Storm Misses U.S. Gulf Platforms "Crude oil futures in New York had their biggest drop in a week after Hurricane Frances missed the main U.S. oil and natural gas-producing region in the Gulf of Mexico."  Bloomberg
09-07-2004 |
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Official: No Oil Shortage Globally Asked whether the oil price is hurting global economic growth, Purnomo said a $45-$50 price range is "still OK."  Reuters
09-07-2004 |
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Oil Eases as Saudi Offers Big Discounts "Oil prices eased on Monday as top world exporter Saudi Arabia slashed prices for its westbound crude sales in an effort to shift the large volumes it is offering to cool world markets."  Reuters
09-07-2004 |
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Elusive truth about oil figures "Shell, as is well known, shed 23% of its reserves almost overnight. Around 4.48 billion barrels.
... Shell is not alone. El Paso of Houston Texas revised its reserves down by an amazing 43% on 31 December 2003. Forest Corps, which had announced a new field of 49 million barrels, Redoubt Shoal in Alaska, revised it down to just eight million a year later. ... So, the five big Middle Eastern countries do hold around half the world's remaining oil, of that we can be pretty sure. But how much there really is of it, how much everyone else has and how long it is going to last, may be anybody's guess." 
 Aljazeera
09-06-2004 |
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Tax Ministry Increases Claim Against Yukos "The Tax Ministry raised its tax bill for 2001 against the floundering Yukos oil giant by some $700 million, bringing total back tax claims against Russia's biggest oil producer to $7.4 billion, the company said Friday."  Yahoo
09-03-2004 |
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Oil Firm as Dealers Digest Iraq Sabotage "World oil prices held firm on Friday after pipeline sabotage in northern Iraq kept up supply fears that have revived a powerful price rally. U.S. light crude gained nine cents to $44.15 a barrel, after settling six cents higher a day earlier. London Brent futures gained 12 cents to $41.69 per barrel."  Reuters
09-03-2004 |
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AP: Chevron Gave Big to Schwarzenegger "Gov. Arnold Schwarzenegger's ambitious plan to reorganize almost every aspect of state government was influenced significantly by oil and gas giant ChevronTexaco Corp., which managed to shape such key recommendations as the removal of restrictions on oil refineries."  Yahoo
09-03-2004 |
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Oil Up on Russia, Iraq Supply Concerns "World oil prices were higher on Thursday after Russian oil giant YUKOS said a Moscow court's decision to effectively freeze its bank accounts threatened its ability to continue production."  Reuters
09-02-2004 |
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Oil Prices Surge to $45 on Russia Concerns "Oil prices bolted to $45 a barrel Thursday after the Russian oil giant Yukos said it cannot pay wages and that its output could suffer due to a court ruling that froze some of its assets."  Yahoo
09-02-2004 |
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Yukos faces oil production halt "Yukos, the Russian oil giant, could be forced to halt production because of a new court order, the company has said."  BBC
09-02-2004 |
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Crude Rises on Renewed Concern About Output From Russia's Yukos "Crude oil futures posted their biggest two-day gain in two months after Russia's largest oil exporter, OAO Yukos Oil Co., said a court decision freezing the bank accounts at its subsidiaries could halt production."  Bloomberg
09-02-2004 |
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Oil Hits $44 as U.S. Crude Stocks Slide "Oil prices soared to $44 a barrel on Wednesday, ending an eight-day streak of losses as a U.S. government report showed crude oil stocks falling to the lowest level in five months."  Reuters
09-01-2004 |
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Oil Surges After U.S. Reports Supplies Fell More Than Expected "Crude-oil futures surged almost $2 a barrel after the Energy Department reported that U.S. oil supplies declined more than expected. Oil stockpiles fell 4.2 million barrels to 287.1 million last week, the lowest since the week ended March 12. Supplies were expected to drop 400,000 barrels, according to the median of forecasts by 13 analysts in a Bloomberg survey."  Bloomberg
09-01-2004 |
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Follow the trends in oil, gold and currencies "We've watched oil prices quadruple over the past five years and now that levels have recently approached $50, the market's taking notice. While record oil prices are currently taking a breather, they could be headed to $60 -- and possibly higher. Why?"  CBS
09-01-2004 |
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Southern Iraq Oil Exports at Full Capacity "Iraq's southern oil terminals are fully operational, with exports running at between 1.7 million and 1.9 million barrels a day, port agents and Iraqi oil officials said Wednesday."  Yahoo
09-01-2004 |
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Oil Rebounds After an Eight-Day Slide "Oil prices rose on Wednesday, stemming an eight-session slide that has dragged prices down 14 percent from record highs as news emerged of a fresh pipeline fire in Iraq."  Reuters
09-01-2004 |
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