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    • Oil on boil: Blame Libya, not Japan quake, says FACTS

      Crude oil prices would cool down only once Middle East and North Africa (MENA) tension subsides, said Praveen Kumar senior consultant and head of South Asia oil & gas team at FACTS Global Energy. "Until then it may remain buoyant," he added.

    • Libya says may give oil deals to friendly nations

      Libya is considering offering oil block contracts directly to China, India and other nations it sees as friends in its month-long conflict with rebels, Libya's top oil official said on Saturday.

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