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AME Info, Abu Dhabi, United Arab Emirates, Oil and Gas Briefs Column.

Byline: Peter J. Cooper

Dec. 10--VENEZUELA HALVES OIL PRODUCTION: A nationwide strike in Venezuela has halved its oil exports, reported Reuters. This leaves output at 1.3 million bpd against 3.1 million bpd produced in November. Venezuela supplies 13 per cent of US crude oil imports.

SAUDI WARNS OF AN OIL PRICE SLUMP: Saudi Arabian officials are concerned that the world risks an oil price slump unless Opec members cutback production, reported Bloomberg. Oil minister Ali Al Naimi is expected to seek better compliance with Opec quotas at the group's next meeti

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