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oil7 400RIYADH: Saudi Arabia would like oil prices to fall and will take steps to moderate them, Saudi Oil Minister Ali Al-Naimi said on Tuesday.

 

"We hope the price will moderate and we will work towards moderating the price," Naimi told reporters when asked whether he would like to see oil prices fall to $100.

 

He said Saudi Arabia would pump as much oil as needed by its customers.

 

Brent crude oil was trading around $112 a barrel on Tuesday.

 

Copyright Reuters, 2012


 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln