*Iraq says will bolster crude output. NEW YORK, June 18- Oil prices ended slightly higher on Tuesday in sluggish trading as the market awaited the Federal Reserve's policy statement on O/RWednesday that is expected to show whether it will reduce its monetary stimulus.» Read More
NEW YORK, June 17- Brent crude oil futures touched a 10- week high close to $107 a barrel on Monday as tensions in the Middle East rose, but prices finished slightly lower on the day after a late sell-off in U.S. gasoline futures. Brent's premium over U.S. crude ended at $7.70, on the narrow end of the $7.50 to $10 range in which it has traded since early May.
*Iran drops to seventh on list of India's oil suppliers. *India replaces Iran shipments with oil from Venezuela, Iraq, Oman. NEW DELHI, June 17- India cut its Iranian oil imports by more than 40 percent in the first five months of the year, replacing the crude with shipments from Venezuela, Iraq and Oman, and pushing Iran down four places to seventh among its suppliers.
LONDON, June 17- Even without a relaxation of the ban on U.S. crude oil exports, the ripples of the shale revolution have already reached Asia. More than half of Saudi Arabia's crude exports head to refineries in China and the rest of Asia.
June 14- Oil production in North Dakota, home to much of the Bakken shale formation, will surge during the summer months and could exceed the state's forecast of 850,000 barrels per day by the end of the year, state regulators said on Friday.
WASHINGTON, June 13- The U.S. Justice Department filed a joint lawsuit with Arkansas on Thursday against oil producer Exxon Mobil Corp over the pipeline spill in March of thousands of barrels of heavy Canadian crude oil in a suburban neighborhood. Arkansas is seeking civil penalties for alleged violations of state waste and pollution laws.
TOKYO, June 13- U.S. oil prices edged down on Thursday, reversing gains from the previous day, after an unexpected build-up in U.S. inventories and as the International Energy Agency said demand would remain sluggish. *NYMEX crude futures for July delivery were down 31 cents at $95.57 a barrel by 0013 GMT, after settling 50 cents higher at $95.88 on Wednesday.
NEW YORK, June 12- Crude oil prices ended modestly higher on Wednesday, but gains were capped by lower oil demand growth estimates and ample supplies. Spot Brent crude oil futures settled 53 cents higher at $103.49 after trading as high as $104.10. August Brent crude oil futures ended the day at $103.56, up 59 cents.
*OPEC to keep pumping more oil than output target. NEW YORK/ LONDON, June 12- Crude oil prices were marginally higher on Wednesday, supported by worry over global supply disruptions but capped by an unexpected jump in oil inventories in the United States and a cut in estimates for oil demand growth.
NEW YORK-- The nation's crude oil supplies increased last week, the government said Wednesday. Crude supplies rose by 2.5 million barrels, or 0.6 percent, to 393.8 million barrels, which is 2.4 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.
NEW YORK-- The Energy Department is expected to report on Wednesday that the nation's crude oil supplies were unchanged in the week ended June 7, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.
The world is heading for a glut of refined products as new Asian and Middle East refineries increase oil processing in a move likely to force less advanced competitors in developed countries to close, the West's energy agency said on Wednesday.
LONDON, June 12- The world is heading for a glut of refined products as new Asian and Middle East refineries increase oil processing in a move likely to force less advanced competitors in developed countries to close, the West's energy agency said on Wednesday.
NEW YORK, June 11- Brent crude oil prices retraced earlier steep losses on Tuesday as investors worried that central banks, following Japan's example, could begin to rein in their loose monetary policies.
CALGARY, Alberta, June 11- Enbridge Inc, Canada's No. 1 pipeline company, said on Tuesday it closed three major oil pipelines after a small spill near a refinery in Sarnia, Ontario. Graham White, a spokesman for the company, said in an email the 491,000 barrel per day Line 5, the 609,000 bpd Line 6 A and the 231,000 bpd Line 6 A were shut after the spill was discovered.
NEW YORK/ LONDON June 11- Phillips 66 said on Tuesday it is to sell Ireland's only refinery, another blow to Europe's ailing oil refining industry. Coryton refinery in the UK, owned by the bankrupt Petroplus group, closed last year after administrators failed to find a buyer for it.
June 11- Phillips 66 is selling its assets in Ireland, including the country's only refinery, the 71,000 barrels per day Whitegate facility in Cork, the U.S. refiner said on Tuesday. Other assets on sale include an oil and refined products storage terminal in Bantry Bay and its wholesale marketing business, the company said.
Despite oil flows returning more rapidly than expected immediately after that, Libya has struggled to maintain steady output levels as protests and technical problems have cut deeply into production rates over the past year.
--Clyde Russell is a Reuters market analyst. LAUNCESTON, Australia, June 11- The weakness in China's crude imports and apparent oil consumption is starting to look at odds with other economic indicators. While it would be hard to find analysts who believe China's economy is roaring ahead, it is by no means falling apart.
Brent crude oil settled 61 cents lower at $103.95 per barrel, after climbing to $104.76 earlier and trading as low as $103.66. U.S. oil ended the day 26 cents lower at $95.77 per barrel, after trading between $95.19 and $96.25. "The first half of this year's demand has been disappointing," said Vikas Dwivedi, energy strategist with Macquarie Group in Houston, Texas. "
Drivers in the Midwest have been hit with a big gas pump shock, reports CNBC's Sue Herera.