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Saudi oil exports may dip 12%
2007-10-04 - AME Info | Saudi Arabia | Latest News - Saudi oil exports for 2007 may drop up to 12% from last year's record to $165bn as the world's largest oil exporter restricts production as part of Opec quotas, reported Reuters citing figures from Riyadh-based SABB bank. Average production may fall as much as 6% to 8.65 million barrels per day, while the average price of Saudi crude could be $59 per barrel, near last year's record of $60.50.  

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