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On June 8, data reports show that in the first quarter of the year, the value of Saudi Arabia’s oil exports fell 21.9%, an approximate loss of $11 billion. Oil revenue fell nearly 24% to $34 billion, creating a $9 million budget deficit for Saudi Arabia. 

Saudi Arabian Oil Exports Falls To $11 Billion

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On June 8, data reports show that in the first quarter of the year, the value of Saudi Arabia’s oil exports fell 21.9%, an approximate loss of $11 billion. Oil revenue fell nearly 24% to $34 billion, creating a $9 million budget deficit for Saudi Arabia. 

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