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Business Iraq

  • *Chevron suspends drilling activity in Kurdistan. HOUSTON, Oct 19- Oil prices fell more than 1 percent on Thursday, breaking four days of gains, pressured by larger-than-expected product inventories in the United States and profit-taking after a recent run-up in markets. "The geopolitical risk that came rushing into the market is starting to come out," said John...

  • Iraq to restore Kirkuk oil production by Sunday. HOUSTON, Oct 19- Oil prices fell more than 1 percent on Thursday, pressured by larger-than-expected product inventories in the United States, and some profit-taking after a recent run-up in oil benchmarks. Ongoing tension in the Middle East has been supportive, however, as reduced flows from the Iraqi Kurdish...

  • LONDON, Oct 19- Chevron has temporarily suspended oil and gas drilling activity in Iraqi Kurdistan, the company said on Thursday, in the latest setback to the region following recent unrest. In September, Chevron drilled its first exploration well in Iraqi Kurdistan after a two-year break. "We remain in regular contact with the Kurdistan Regional Government.

  • LONDON, Oct 19- Chevron has temporarily suspended oil and gas drilling activity in Iraqi Kurdistan, the company said on Thursday, in the latest setback to the region following recent unrest. In September, Chevron drilled its first exploration well in Iraqi Kurdistan after a two-year break. "We remain in regular contact with the Kurdistan Regional Government.

  • *Iraq to restore Kirkuk oil production by Sunday. HOUSTON, Oct 19- Oil prices slipped on Thursday, pressured by larger-than-expected product inventories in the United States, and some profit-taking after a recent run-up in oil benchmarks. Ongoing tension in the Middle East has kept a bid under the market, however, as reduced flows from the Iraqi Kurdish pipeline...

  • *OPEC expected to extend supply cuts through next year. LONDON, Oct 19- Oil prices slipped on Thursday but held on to most recent gains, supported by OPEC- led supply cuts, tension in the Middle East and lower U.S. production. Brent crude fell by $1.13 a barrel to a low of $57.02 before recovering a little to $57.30 by 1345 GMT.

  • *OPEC expected to extend supply cuts through next year. LONDON, Oct 19- Oil prices slipped on Thursday but held onto most recent gains, supported by OPEC- led supply cuts, tension in the Middle East and lower U.S. production. Brent crude fell $1.02 a barrel to a low of $57.13 before recovering a little to $57.20 by 1230 GMT.

  • *OPEC expected to extend supply cuts through next year. LONDON, Oct 19- Oil prices slipped on Thursday but held onto most recent gains, supported by OPEC- led supply cuts, tension in the Middle East and lower U.S. production. "OPEC is expected to roll over output restrictions for another nine months, supplies are at risk in the Middle East and U.S. inventories are falling."

  • BAGHDAD, Oct 19- Iraq won't be able to restore Kirkuk's oil output to last week's levels before Sunday because of missing equipment at two fields, an oil ministry official told Reuters on Thursday.

  • *OPEC expected to extend supply cuts through next year. LONDON, Oct 19- Oil prices slipped on Thursday but held onto most recent gains, supported by OPEC- led supply cuts, tension in the Middle East and lower U.S. production. "OPEC is expected to roll over output restrictions for another nine months, supplies are at risk in the Middle East and U.S. inventories are falling."

  • *OPEC expected to extend supply cuts next year. LONDON, Oct 19- Oil prices steadied on Thursday, holding onto most recent gains, supported by OPEC- led supply cuts, tension in the Middle East and lower U.S. production. "OPEC is expected to roll over output restrictions for another nine months, supplies are at risk in the Middle East and U.S. inventories are falling."

  • *OPEC expected to extend supply cuts next year. SINGAPORE, Oct 19- Oil prices were stable on Thursday, supported by ongoing OPEC- led supply cuts, tensions in the Middle East and lower U.S. production due to hurricane-enforced closures. Analysts said there was also a risk to supply from political instability in areas ranging from the Middle East to South America.

  • *OPEC expected to extend supply cuts next year. SINGAPORE, Oct 19- Oil prices were stable on Thursday, supported by ongoing OPEC- led supply cuts, tensions in the Middle East and lower U.S. production due to hurricane-enforced closures. "The' Fragile Five' petrostates- Iran, Iraq, Libya, Nigeria and Venezuela- continue to see supply disruption potential, with northern...

  • *Kirkuk- Ceyhan pipeline oil flow falls to 225,000 bpd- source. *Iraq crisis, U.S.- Iran tensions raise supply concerns. Brent crude futures settled up 27 cents to $58.15 a barrel, off the three-week high of $58.54 a barrel hit earlier on worries about ongoing tensions around oil-rich Iraq and Iran.

  • *Kirkuk- Ceyhan pipeline oil flow falls to 225,000 bpd- source. *Iraq crisis, U.S.- Iran tensions raise supply concerns. The global benchmark hits its highest in three weeks earlier in the session at $58.54 a barrel because of ongoing tensions around oil-rich Iraq and Iran, which raised risk premiums.

  • *Exports from Ceyhan more than halve. LONDON/ BAGHDAD, Oct 18- Iraq's Kurdistan's oil exports more than halved on Wednesday in the first major supply disruption since the independence referendum last month as Iraqi military retook some of the biggest fields from Kurdistan's Peshmerga forces. Kurdish oil exports from the Mediterranean port of Ceyhan have...

  • LONDON, Oct 18- Russian state oil major Rosneft has agreed to invest $400 million in five oil blocks in Iraqi Kurdistan, increasing Moscow's exposure to the semi-autonomous region despite a major spike in tensions with the central government in Baghdad. The region plunged into a major crisis last month when Kurdistan held an independence referendum, which was...

  • *Kirkuk- Ceyhan pipeline oil flow falls to 225,000 bpd- source. *Iraq crisis, U.S.- Iran tensions raise supply concerns. Prices had been higher due to ongoing tensions around oil-rich Iraq and Iran, which raised risk premiums.

  • *Kirkuk- Ceyhan pipeline oil flow falls to 225,000 bpd- source. *Iraq crisis, U.S.- Iran tensions trigger crude risk premium. AMSTERDAM, Oct 18- Brent oil prices rose to a three-week high on Wednesday as weekly U.S. crude inventories are expected to have fallen steeply and geopolitical tensions around oil-rich Iraq and Iran raised risk premiums.

  • Iraqi government forces enter the Bai Hassan oil field, west of the multi-ethnic northern Iraqi city of Kirkuk, on October 17, 2017. Iraqi forces took control of the two largest oil fields in the disputed northern province of Kirkuk demolishing Kurdish hopes of creating a viable independent state.

    Crude flows from Iraq to Turkey fell by two-thirds after Iraqi forces seized Kurdish-held oil fields, Platts reported.