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Mon, 20 Feb 2012 23:35:42 CDT   ameinfo.com

Saudi Arabia: The Saudi Arabian Monetary Agency (SAMA) has said that relative price stability or a slight decline in inflationary pressures is expected in the near-term, Reuters has reported. "There are two factors that may... lead to the expectation of a relative stability or a slight decline in the inflationary pressures in the coming period," SAMA said in its latest inflation report. "These include a decline in world food prices, and relative stability in the domestic market.


Mon, 20 Feb 2012 23:03:43 CDT   ameinfo.com

Oman oil ministry has said the Sultanate?s average daily oil production in 2011 rose 2.3% to 884,900 barrels per day (bpd), compared with the previous year, due to new discoveries, Reuters has reported. The country?s average daily gas production in 2011 also increased 4.4% to 95.1 million cubic metres from 2010, said the ministry?s undersecretary Nasser Al-Jashmi.


Mon, 20 Feb 2012 23:03:13 CDT   ameinfo.com

Iran is facing difficulties in finding new buyers for its crude oil, the Financial Times has reported. Tehran is offering to sell an extra 500,000 barrels per day of oil, which is nearly 23% of what it exported last year, to Chinese and Indian refiners, the daily said, citing two industry executives familiar with the talks. If the Islamic Republic cannot find customers for the oil by mid-March, it would be forced to put unsold barrels into floating storage in tankers or reduce output, the report said.



 
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