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Iran's crude exports to its biggest customer, Asia, fell by a quarter in 2012 and shipments this year are expected to drop by at least 12 percent under U.S. sanctions pressure, but ample alternative supplies will keep refiners flush with oil.
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LONDON, Feb 1- Brent crude oil rose above $116 on Friday to reach a four-month high after a suicide bombing attack on the U.S. embassy in Ankara increased the focus on tension across the region. Brent futures for March rose $1.18 to a high of $116.73 a barrel, its highest since mid-September, before easing back to around $116.25 by 1500 GMT.
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JOHANNESBURG, Feb 1- An external committee appointed by African mobile phone group MTN to investigate claims by rival Turkcell of corrupt dealings in Iran has dismissed the allegations as "a fabric of lies, distortions and inventions".
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*Middle East tension stokes supply worries. LONDON, Feb 1- Brent crude oil rose towards $116 on Friday, heading for a sixth consecutive week of gains on rising economic optimism and tension across the Middle East, the world's biggest oil region.
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*China official PMI slightly lower than expected. SINGAPORE, Feb 1- Brent crude climbed towards $116 a barrel on Friday, its highest level in more than three months, as escalating tension in the Middle East stoked supply worries. Brent had risen 23 cents to $115.78 a barrel by 0737 GMT, after an earlier high of $115.91 marking its highest since mid-October.
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*China official PMI slightly lower than expected. SINGAPORE, Feb 1- Brent crude hovered on Friday above $115 a barrel, its highest level in more than three months, as escalating tension in the Middle East stoked supply worries. Brent had risen 27 cents to $115.82 a barrel by 0552 GMT, after an earlier high of $115.91 marking its highest since mid-October.
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BAMAKO/ TIMBUKTU, Mali- Human rights groups said on Friday a French-led offensive against Islamists in Mali had led to civilian deaths in airstrikes and ethnic reprisals by Malian troops, a day before President Francois Hollande was due to visit the country.
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*China official PMI slightly lower than expected. SINGAPORE, Feb 1- Brent crude hit its highest in more than three months on Friday and held above $115 a barrel as escalating tension in the Middle East stoked supply worries. But disappointing economic data from China, the world's second largest oil consumer, capped gains.
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SEOUL, Feb 1- U.S. crude oil futures steadied on Friday, giving up early gains, after China's official factory activity gauge missed market expectations.
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Iran's crude exports to its biggest customer, Asia, fell by a quarter in 2012 and shipments this year are expected to drop by at least 12 percent under U.S. sanctions pressure, but ample alternative supplies will keep refiners flush with oil.
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NEW YORK, Jan 31- Brent crude oil futures rose to three-month highs on Thursday, widening its premium over U.S. crude, concerns about rising crude stockpiles in the U.S. Traders cited concerns about stockpiles at the Cushing, Oklahoma delivery point for the U.S. contract, which have pushed to record highs.
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SINGAPORE/ TOKYO, Feb 1- Iran's crude exports to its biggest customer, Asia, fell by a quarter in 2012 and shipments this year are expected to drop by at least 12 percent under U.S. sanctions pressure, but ample alternative supplies will keep refiners flush with oil. From Asia, Iran lost $14 billion worth of oil exports for the year, according to Reuters calculations.
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WASHINGTON, Jan 31- The United States would violate global trade rules and damage its credibility if it decides to subsidize steel, chemical and other manufacturers by restricting exports of liquefied natural gas after years of pressing other countries like China to drop restrictions on natural resource exports, experts said.
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Jan 31- Schlumberger Ltd, the world's largest oilfield services company, said on Thursday it would wind down operations in Iran this year after booking $208 million in net income there in 2012..
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*Syria says Israel bombed military research centre. The foreign ministry summoned the head of the U.N. force in the Israeli-occupied Golan Heights to deliver the protest a day after Israel hit what Syria said was a military research centre and diplomats said was a weapons convoy heading for Lebanon.
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NEW YORK, Jan 31- Brent crude oil prices edged higher on Thursday, briefly touching a three-month high, as traders weighed mixed economic data from the United States and Europe. The international benchmark rose to $115.25 a barrel, the highest level since mid-October, before retreating as U.S. crude and gasoline futures sank.
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LONDON, Jan 31- OPEC crude oil output has fallen in January to its lowest in more than a year as Iranian exports dipped from December's unexpectedly high rate and top exporter Saudi Arabia cut output further, a Reuters survey found on Thursday.
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"I wouldn't read too much into it," said Carsten Fritsch, an oil analyst at Commerzbank in Frankfurt, adding he expected oil prices to make further gains this week. Brent slipped 23 cents to $114.67 a barrel by 1452 GMT, after earlier hitting $115.25, the highest since Oct. 16.
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*Hezbollah, Russia, Iran denounce attack. *Syria says Israel bombed military research centre. Damascus could take "a surprise decision to respond to the aggression of the Israeli warplanes", Syrian ambassador to Lebanon Ali Abdul-Karim Ali said a day after Israel struck against Syria.
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LONDON, Jan 31- North Sea Forties oil exports to South Korea, a specialised trade that has supported crude prices, may drop in coming weeks due to maintenance at refineries, potentially weakening a source of support for Brent oil prices.
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"I wouldn't read too much into it," said Carsten Fritsch, an oil analyst at Commerzbank in Frankfurt, adding he expected oil prices to make further gains this week. And we have these ongoing supply risks in the Middle East and North Africa, with more and more countries coming into the spotlight, like Algeria and Egypt. "