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OPEC crude production rose by 930,000 barrels per day in October to 22.8 million barrels per day, about 88% of the group’s February output, according to a Bloomberg survey. Saudi Arabia accounted for most of the increase, while production fell in Nigeria and Iran; the article says recovering OPEC supply helped pull oil prices down from the previous month’s highs.
Higher OPEC output adds supply to a market already adjusting to conflict-related disruptions, putting downward pressure on crude prices. Continued recovery in Gulf flows could reinforce that pressure if demand does not keep pace.
asharqbusiness.comNov 6, 2026Not enough comparable past events yet for a historical read.
Not 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.
