Iraqi oil exports slow for repairs to pipelines
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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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Iraq's oil exports are still flowing at one million barrels per day through southern terminals despite an attack on the South Oil Company headquarters on Thursday, an oil official at the company said.
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The price of oil has fallen as fears about interruptions to supplies being pumped out of Iraq eased slightly.
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Iraq&#039;s sabotage-prone northern pipeline has been shut down for maintenance, halting crude oil exports from Kirkuk oil fields to Turkey&#039;s Ceyhan port, the oil minister said Sunday.
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London - Oil prices fell Wednesday as Iraq resumed pumping crude through a key northern pipeline, though supply concerns remained amid a fresh hurricane threat, analysts said.
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US oil prices rose slightly on Monday as Iraq&#39;s oil exports continued at more than 30 percent below normal after sabotage attacks on pipelines.
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Oil prices slipped below $69 a barrel yesterday after a report that a strike in Nigeria hasn't affected oil exports from Africa's largest crude producer alleviated the market's supply concerns.
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For more than two years the attacks came like clockwork. As soon as the military secured and workers repaired the pipelines from Iraq&#039;s northern oil fields, just when the valves were about to open, insurgents would strike. But roughly three weeks ago they suddenly stopped, letting crude oil flow freely from Iraq&#039;s vast reserves near Kirkuk.
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Oil prices slipped Thursday but the decline was tempered by concerns about U.S. refinery capacity and worries that supply disruptions could result if Turkey attacks Kurdish rebels in northern Iraq.
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Oil prices eased again on Tuesday with  the re-opening of two Iraqi pipelines, but most financial  markets traded in narrow ranges after sharp reactions in  previous sessions.
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Oil futures dropped by nearly $1 per barrel Monday despite pipeline sabotage in Iraq that has delayed exports from a southern port - reinforcing the view among traders that prices had risen too fast earlier this summer.
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BASRA, Iraq Aug. 26, 2004 - 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.
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Oil prices dipped below $46 on Tuesday, making a third day of falls as a more optimistic Iraq export picture unwound some of the supply worries that have lifted the market to historic levels.
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Insurgents attacked eight oil pipelines in southern Iraq late Wednesday, temporarily slowing production on Thursday, according to an official with the state-owned oil distribution company.
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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 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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World oil prices fell again on Tuesday as Iraq restored oil exports and hedge funds continued the rush to take profits from record highs.