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Saudi Arabia alarmed, in private, at Iran's sanctions relief

RIYADH, Jan 18 (Reuters) - Saudi officials have said little in public, but they fear the end of sanctions on Iran could boost what they see as its subversive activities in the Middle East while also enriching a diverse economy that the oil-dependent kingdom views as a major competitor for regional influence.

UPDATE 1-Gabon recalls Paris ambassador after election comments

* Gabon's opposition disputed Ali Bongo's 2009 election (Adds French foreign ministry)

UPDATE 1-OPEC sees oil market rebalancing in 2016, but Iran to counter non-OPEC decline

* Iran's plan to boost output to counter non-OPEC decline (Adds details, quotes from report)

UPDATE 1-Azerbaijan considers tighter currency controls to staunch losses

BAKU, Jan 18 (Reuters) - Azerbaijan's president, Ilham Aliyev, has ordered measures to support the economy and the ailing manat currency, including a possible tightening of currency controls, help for banks, and a sell-off of state assets, state television reported on Monday.

UPDATE 2-Suncor to buy Canadian Oil Sands in sweetened deal

Jan 18 (Reuters) - Canadian oil and gas producer Suncor Energy Inc said on Monday it had reached an agreement to buy Canadian Oil Sands Ltd after raising its all-stock offer, valuing the deal at about C$4.24 billion ($2.93 billion) excluding debt.

Gabon says recalls ambassador to France after election comments

LIBREVILLE, Jan 18 (Reuters) - Gabon has recalled its ambassador to Paris after the French prime minister appeared to question the legitimacy of President Ali Bongo's election in 2009, the central African country's interior minister said.

UPDATE 1-Iran issues order to boost oil production by 500,000 bpd -Shana

DUBAI, Jan 18 (Reuters) - Iran has issued an order to increase crude oil production by 500,000 barrels a day, the deputy oil minister was quoted as saying on Monday, implementing its policy to boost production as soon as sanctions were lifted.

UPDATE 1-Shell ditches major Abu Dhabi gas field project

LONDON, Jan 18 (Reuters) - Royal Dutch Shell said on Monday it had decided to exit the multi-billion dollar plan to jointly develop the Bab sour gas field in Abu Dhabi, citing the downturn in the oil market.

Iran issues order to boost oil production by 500,000 bpd -Shana

DUBAI, Jan 18 (Reuters) - Iran has issued an order to increase crude oil production by 500,000 barrels a day, the deputy oil minister was quoted as saying on Monday, implementing its policy to boost production as soon as sanctions were lifted.

RPT-COLUMN-LNG looks poised to follow crude oil's plunge: Russell

LAUNCESTON, Australia, Jan 18 (Reuters) - - In contrast to the carnage in crude oil markets, liquefied natural gas (LNG) prices in Asia have enjoyed relative stability for the past three months, but it's unlikely the calm will persist much longer.

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