# OPEC October oil output jumps on swift Saudi recovery: Reuters survey By Reuters

> Reuters survey found OPEC October crude output rose 690,000 bpd to 29.59 million bpd as Saudi production recovered quickly from September attacks. Compliance with the supply pact rose to 140% in October, and analysts said Saudi Arabia would cut further if needed to keep prices stable.

- Date: 2019-10-31 · published 2019-10-31T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/56469-opec-october-oil-output-jumps-on-swift-saudi-recovery-reuters-survey-by-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher OPEC output eases supply tightness and weighs on crude, though analysts' readiness to cut further limits downside for energy costs.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2017-09-29 | [OPEC oil output rises by 50,000 bpd in September - Reuters survey](https://feedsoft.ai/events/68863-opec-oil-output-rises-by-50-000-bpd-in-september-reuters-survey.md) | -1.8% | +1.6% |
| BRENT | 2024-11-04 | [OPEC oil output rises in October as Libyan supply rebounds, survey finds \| Reuters](https://feedsoft.ai/events/27304-opec-oil-output-rises-in-october-as-libyan-supply-rebounds-survey-finds-reuters.md) | +0.8% | +0.2% |
| BRENT | 2018-10-01 | [OPEC oil output boost in September limited by Iran losses: Reuters survey](https://feedsoft.ai/events/62456-opec-oil-output-boost-in-september-limited-by-iran-losses-reuters-survey.md) | +2.3% | -6.3% |
| BRENT | 2024-02-29 | [OPEC oil output rises by 90,000 bpd in February, survey finds \| Reuters](https://feedsoft.ai/events/31565-opec-oil-output-rises-by-90-000-bpd-in-february-survey-finds-reuters.md) | +1.0% | +1.9% |
| BRENT | 2020-10-30 | [OPEC oil output rises by 210,000 bpd in October-survey \| Financial Post](https://feedsoft.ai/events/50549-opec-oil-output-rises-by-210-000-bpd-in-october-survey-financial-post.md) | +8.3% | +27.9% |
| WTI | 2017-09-29 | [OPEC oil output rises by 50,000 bpd in September - Reuters survey](https://feedsoft.ai/events/68863-opec-oil-output-rises-by-50-000-bpd-in-september-reuters-survey.md) | -1.6% | +1.7% |
| WTI | 2024-11-04 | [OPEC oil output rises in October as Libyan supply rebounds, survey finds \| Reuters](https://feedsoft.ai/events/27304-opec-oil-output-rises-in-october-as-libyan-supply-rebounds-survey-finds-reuters.md) | +1.3% | -2.1% |
| WTI | 2018-10-01 | [OPEC oil output boost in September limited by Iran losses: Reuters survey](https://feedsoft.ai/events/62456-opec-oil-output-boost-in-september-limited-by-iran-losses-reuters-survey.md) | +1.5% | -7.7% |

## Sources

- investing.com: https://www.investing.com/news/commodities-news/opec-october-oil-output-jumps-on-swift-saudi-recovery-reuters-survey-2008972

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.