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Saudi Arabia's crude oil exports fell to 3.43 million barrels per day in May, according to data released by the Joint Organizations Data Initiative.

The kingdom, the world's largest crude exporter, typically adjusts its production and export levels in line with OPEC+ agreements.

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The decline in Saudi exports aligns with the country's voluntary production cuts under the OPEC+ framework, aimed at stabilizing global oil prices. Global crude demand has faced downward pressure from economic slowdown concerns and rising interest rates. The 3.43 million bpd figure is among the lowest levels observed in recent months, reflecting Riyadh's commitment to output discipline. Market participants will watch upcoming export data for signs of any shift in strategy as the OPEC+ alliance meets next to review production targets.