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OIL SLUMP

Saudi Arabia seen giving smaller oil discounts to Asia

Tuesday, January 6, 2015 - 05:50

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Opec kept its quota at 30 million barrels day, a target first set in January 2012. The group is next scheduled to meet on June 5.

Singapore

SAUDI Arabia will probably offer smaller discounts to ship crude to Asia amid speculation that demand will increase after benchmark prices dropped almost 50 per cent last year.

The world's biggest oil exporter will announce February official selling prices to buyers in

sentifi.com

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