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Oil report Headlines

Iraq seeks OPEC deal that would preserve oil output

BAGHDAD, Oct 25 Iraq told a top OPEC official on Tuesday of its hope that the group could reach a deal to lift oil prices while preserving its own output level, a spokesman of the oil ministry said.

Refiner Valero's profit halves as margins fall

Oct 25 Valero Energy Corp, the largest independent U.S. refiner, reported a 55.5 percent plunge in quarterly profit as margins were squeezed by high gasoline inventories and costs jumped for meeting renewable fuel standards.

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