# Survey Shows OPEC Output Neared Pre-War Levels

> A Bloomberg survey estimated OPEC crude production rose by 930,000 barrels per day in October to 22.8 million barrels per day, led by a 970,000-barrel-per-day increase in Saudi output. Increased Gulf supply helped cool oil prices, although production in Iran was squeezed by a US naval blockade.

- Date: 2026-11-07 · published 2026-11-07T15:14:38.685Z
- Category: report · region OPEC / Persian Gulf · magnitude medium
- Page: https://feedsoft.ai/events/86201-survey-shows-opec-output-neared-pre-war-levels
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

More crude supply arriving while consumption remains weak can ease competition for feedstock and reduce energy costs, putting downward pressure on oil prices.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| WTI | 2020-07-31 | [OPEC oil output rises by 970,000 bpd in July - survey \| Financial Post](https://feedsoft.ai/events/52008-opec-oil-output-rises-by-970-000-bpd-in-july-survey-financial-post.md) | +5.2% | +7.7% |
| 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 | 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) | +7.3% | +26.5% |
| WTI | 2018-08-31 | [OPEC August oil output hits 2018 high despite Iran losses: Reuters survey \| Reuters](https://feedsoft.ai/events/63440-opec-august-oil-output-hits-2018-high-despite-iran-losses-reuters-survey-reuters.md) | -3.6% | +4.2% |
| 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 | 2020-07-31 | [OPEC oil output rises by 970,000 bpd in July - survey \| Financial Post](https://feedsoft.ai/events/52008-opec-oil-output-rises-by-970-000-bpd-in-july-survey-financial-post.md) | +4.9% | +4.7% |
| 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% |

## Sources

- rigzone.com: https://www.rigzone.com/news/survey_shows_opec_output_neared_prewar_levels-07-nov-2026-185030-article/

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