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Libyan Crude Exports Rose Sharply Last Week

A general view shows Libya's Sharara oilfield. (File photo: Reuters)
A general view shows Libya's Sharara oilfield. (File photo: Reuters)
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Libyan Crude Exports Rose Sharply Last Week

A general view shows Libya's Sharara oilfield. (File photo: Reuters)
A general view shows Libya's Sharara oilfield. (File photo: Reuters)

Libyan crude exports reached about 550,000 barrels per day last week, a three-fold increase on the previous week, according to data from analytics firm Kpler and a shipping agent, Reuters reported.

Tankers carrying crude including Flavin, Pacific Pearl, Ghibli, and Delta Atlantica set sail to European destinations from various Libyan ports in the week starting Sept. 9, the data show.

This comes as the OPEC producer remains in the throes of a political stand-off that has hampered its oil production.

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GASTAT: Inflation Rate in Saudi Arabia Reached 1.9% in December

The Saudi capital Riyadh. Reuters
The Saudi capital Riyadh. Reuters
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GASTAT: Inflation Rate in Saudi Arabia Reached 1.9% in December

The Saudi capital Riyadh. Reuters
The Saudi capital Riyadh. Reuters

The annual inflation rate in Saudi Arabia reached 1.9% in December 2024, according to the General Authority for Statistics (GASTAT).

The Kingdom has the lowest inflation rates among the G20 countries.

The Consumer Price Index (CPI) reflects changes in prices paid by consumers for a fixed basket of goods and services consisting of 490 items. This basket was selected based on the results of the household expenditure and income survey conducted in 2018. Prices are collected through on-site visits to sales points.

CPI statistics are published monthly.