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Tuesday, December 12, 2006

Crude Oil Update - Emirates Oil Minister Says

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Emirates Oil Minister Mohammed al-Hamili reported saying that OPEC will examine the impact of the falling dollar at its meeting this week in Abuja.

Hamili said the "strong" fall in the dollar against other major currencies was affecting the revenues of oil producers.

OPEC will "examine this depreciation at its coming meetings ... if it continues," he said.

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