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  <description>2004 news and features</description>
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    <title>Riyadh bombs up oil prices</title>
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    <pubDate>Thu, 30 Dec 2004 09:17:21 +0400</pubDate>
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        US oil futures jumped yesterday after two car bombs exploded in Riyadh but later fell back. Nymex crude for February closed USD1.87 higher at USD43.64 following the blasts in the Saudi capital. Traders said a major price hike was unlikely ahead of the holiday weekend.
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    <title>Oil price steady at USD42</title>
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    <pubDate>Wed, 29 Dec 2004 09:34:18 +0400</pubDate>
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        US light crude held steady at USD42 a barrel in light trading yesterday while Brent crude hovered around the USD40 a barrel mark. Traders think that oil prices will weaken going into 2005 due to excess supply and a mild winter, but geo-political developments remain a wild card.
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    <title>Adnoc trims extra Feb supply</title>
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    <pubDate>Tue, 28 Dec 2004 09:02:46 +0400</pubDate>
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        The UAE is set to refrain from offering extra crude oil in February, the first month without extra supplies in 10 months, reported Reuters from Singapore. Planned oilfield maintenance at Murban oilfield and the 1m bpd Opec output cuts explain the action.
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    <title>Egypt's first LNG for Spain</title>
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    <pubDate>Tue, 28 Dec 2004 09:00:20 +0400</pubDate>
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        Next week the first Egyptian LNG shipment for Spain will leave the new Damietta plant, 200km north of Cairo, reported AP. The 140,000 cubic metre shipment heralds a new era for energy exports, and belongs to Union Fenosa, the Spanish group that was part of the consortium behind the project.
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    <title>Oil prices down USD2</title>
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    <pubDate>Tue, 28 Dec 2004 08:20:24 +0400</pubDate>
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        US light crude futures for February delivery fell by USD2.28 yesterday to USD41.90 a barrel on the New York Mercantile Exchange. Traders were anticipating warmer weather and weekend snow storms in the Midwest that kept aircraft grounded and traffic quiet.
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