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Saudi Arabia reported pumping 10.5 million bpd in October, a level reached only once since 2022, while Iraq and Kuwait also raised output. The UAE is now free of OPEC quotas.
Gulf shipments stayed healthy despite repeated tanker attacks near the Strait of Hormuz.
Higher Gulf output keeps global crude well supplied, which eases prices and reduces inflation pressure on feed and transport costs.
economictimes.indiatimes.comBloombergNov 14, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
