Sabotage failed to dent Iraqi oil exports but domestic markets hit
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BAGHDAD  - Sabotage has failed to hurt Iraq&#39;s oil exports, Iraqi Oil Minister Thamer Abbas Ghadbane said, though he acknowledged that attacks had hurt oil distribution to domestic markets.
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The price of oil slid toward $42 a barrel yesterday despite confusion about the status of Iraqi exports, indicating the market has become less worried about the global balance of supply and demand.
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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.
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Iraq is struggling to cope with the fiercest attack yet on its northern oil export network, while flows to southern export terminals have been steady after recovering from sabotage, officials say.
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Crude futures climbed above $48 a barrel Thursday as market fears of sabotage against the Iraqi oil infrastructure outweighed assurances from Baghdad that exports would increase in coming days.
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Iraq continued to export oil at one  million barrels per day on Friday after an attack on the South  Oil Company headquarters took sabotage operations to a new  level, an official at the state-owned entity said.
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By Andrew Mitchell LONDON  - High-flying oil prices eased for a second session 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.
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Oil prices rebounded on Tuesday as  fresh violence rocked Iraq ahead of elections later this month  and as Saudi Arabia, OPEC's top producer, said it is making  good on a pledge to cut output.
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World oil prices have fallen strongly for the second day running as worries over supply disruptions eased, with traders claiming overnight pipeline attacks in Iraq were unlikely to affect the country&#39;s crude exports.
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WASHINGTON -- Crude futures plowed to a new high near $49 a barrel yesterday as the threat of sabotage to Iraqi oil infrastructure loomed larger than promises from Baghdad to boost exports in coming days.
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Oil prices stopped a five-day slide on Friday on renewed supply concerns after fresh Iraqi pipeline attacks outweighed an end to a three-week uprising in the city of Najaf.
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Eight oil pipelines feeding two oilfields in southern Iraq have been sabotaged in a bomb attack, Dubai-based al-Arabiya TV channel reported on Thursday.
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BAGHDAD Iraq&#39;s southern oil exports are expected to remain reduced over the next five days as engineers work on repairing sabotaged pipelines linking oil fields to export storage tanks, an oil official said Monday.
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ARIS, Aug. 20  Oil prices hit a new record today after the Iraqi insurgency increased its pressure on the country&#39;s oil infrastructure and traders feared growing unrest might interrupt crude exports.
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Iraqi oil officials said yesterday that insurgents blew up a cluster of pipelines in southern Iraq, though they said they did not expect oil exports to be significantly reduced.
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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 leading oil official said yesterday.
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US oil prices rose on Monday as Iraq&#39;s oil exports continued at more than 30 percent below normal after sabotage attacks on pipelines.