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Saudi Arabia: Reducing petroleum production the way to stability in the market
Saudi Arabia-Regional, Economics, 1/15/2000
Official Saudi sources depicted yesterday the attempts to continue with reductions in petroleum production as the correct way to reach a stable balance in the petroleum market and achieve fair prices to satisfy the producer and the consumer.
The sources said that the international petroleum market had gradually reached stability since the beginning of last April.
They said the petroleum market had witnessed instability lately due to inaccurate predications concerning future of the production policy for OAPEC.
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