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Iraq Aims At 60,000 Bpd Production At Newly Restarted Oil Field By Tsvetana Paraskova - Sep 28, 2018, 8:00 PM CDT   Iraq plans to have its newly restarted Qayara oil field in the north produce 60,000 bpd by the end of this year, targeting to gradually ramp up the current 30,000 bpd production, S&P Global Platts quoted the Iraqi oil ministry as saying. The Qayara oil field was shut-in for years until last year, due to the war with Islamic State....

U.S. Secretary Of State Criticizes Iran-Chinese Oil Ties By Tsvetana Paraskova - Sep 14, 2018, 10:00 PM CDT   U.S. Secretary of State Mike Pompeo slammed Iran’s Supreme Leader Ali Khamenei for staying silent on reports of China violating the human rights of Muslim minorities, accusing Iran of turning a blind eye because China is Iran’s number-one oil customer. “@khamenei_ir fancies himself the leader of the Islamic world, but his...

Oil Trades Flat After API Reports Major Crude Draw By Julianne Geiger - Aug 07, 2018, 4:15 PM CDT   The American Petroleum Institute (API) reported a crude oil inventory draw of 6 million barrels of United States crude oil inventories for the week ending Aug 4, compared to analyst expectations that this week would see a draw in crude oil inventories of 3.33 million barrels . Last week, the American Petroleum Institute (API) reported a build of 5.59...

Canada’s Biggest Producer Cuts Drilling As Heavy Oil Price Tumbles By Tsvetana Paraskova - Aug 03, 2018, 8:00 PM CDT   Canada Natural Resources, the largest producer, is allocating capital to lighter oil drilling and is curtailing heavy oil production as the price of Canadian heavy oil tumbled to a nearly five-year-low relative to the U.S. benchmark price. Due to the transportation bottlenecks, the discount at which Western Canadian Select (WCS)...

UPDATE 8-U.S. crude strengthens as dollar slips to four-day low Jessica Resnick-Ault Published 21 Hours Ago Reuters                ...