# OPEC nears prewar output

> OPEC production increased by 930,000 barrels per day in October to 22.8 million, reaching about 88% of members’ February output. Saudi Arabia led the increase, while Iran’s output fell to its lowest level in Bloomberg data since 1989; the added supply helped push crude prices lower.

- Date: 2026-11-06 · published 2026-11-07T03:25:57.745Z
- Category: report · region OPEC · magnitude medium
- Page: https://feedsoft.ai/events/85484-opec-nears-prewar-output
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Rising output from OPEC members adds supply to the global oil market and can weigh on crude prices, partly offsetting losses from Iran and Nigeria.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-10-11 | [OPEC hikes oil output in September as Iran's production falls](https://feedsoft.ai/events/62459-opec-hikes-oil-output-in-september-as-iran-s-production-falls.md) | -4.2% | -14.8% |
| BRENT | 2021-02-01 | [OPEC’s Planned Output Increase Tempered by Troubled Producers - Bloomberg](https://feedsoft.ai/events/48554-opec-s-planned-output-increase-tempered-by-troubled-producers-bloomberg.md) | +6.9% | +18.8% |
| BRENT | 2018-08-13 | [OPEC’s Output Rose in July Despite Decline in Saudi Oil Production - WSJ](https://feedsoft.ai/events/63443-opec-s-output-rose-in-july-despite-decline-in-saudi-oil-production-wsj.md) | -1.3% | +6.0% |
| 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 | 2025-04-11 | [OPEC+ nudges up crude output amid mounting volatility, poor compliance](https://feedsoft.ai/events/25334-opec-nudges-up-crude-output-amid-mounting-volatility-poor-compliance.md) | +6.7% | -0.4% |
| WTI | 2018-10-11 | [OPEC hikes oil output in September as Iran's production falls](https://feedsoft.ai/events/62459-opec-hikes-oil-output-in-september-as-iran-s-production-falls.md) | -4.8% | -15.7% |
| WTI | 2021-02-01 | [OPEC’s Planned Output Increase Tempered by Troubled Producers - Bloomberg](https://feedsoft.ai/events/48554-opec-s-planned-output-increase-tempered-by-troubled-producers-bloomberg.md) | +8.9% | +16.1% |
| WTI | 2018-08-13 | [OPEC’s Output Rose in July Despite Decline in Saudi Oil Production - WSJ](https://feedsoft.ai/events/63443-opec-s-output-rose-in-july-despite-decline-in-saudi-oil-production-wsj.md) | -2.5% | -0.1% |

## Sources

- jarayid.com: https://jarayid.com/en/saudi-arabia/2031624/opec-nears-prewar-output

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