# OPEC+ output jumps by 2.04 million barrels per day in October to 41.2 million

> OPEC's October report showed Saudi oil production increasing by about 1.18 million barrels per day to 9.2 million, based on secondary-source data. OPEC+ output rose by around 2.04 million barrels per day to 41.2 million; OPEC left its global oil-demand growth forecasts unchanged.

- Date: 2026-11-11 · published 2026-11-11T15:18:33.750Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/93742-opec-output-jumps-by-2-04-million-barrels-per-day-in-october-to-41-2-million
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The increase in production expands supply and may limit crude prices, potentially easing energy and transport costs for agricultural markets.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-10-31 | [OPEC October oil output jumps on swift Saudi recovery: Reuters survey By Reuters](https://feedsoft.ai/events/56469-opec-october-oil-output-jumps-on-swift-saudi-recovery-reuters-survey-by-reuters.md) | +2.5% | +6.8% |
| BRENT | 2018-08-31 | [Saudi crude oil output in August rises to 10.424 million b/d: OPEC source](https://feedsoft.ai/events/63444-saudi-crude-oil-output-in-august-rises-to-10-424-million-b-d-opec-source.md) | -1.7% | +5.5% |
| 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% |
| BRENT | 2018-01-31 | [US oil production tops 10 million barrels a day for first time since 1970](https://feedsoft.ai/events/67157-us-oil-production-tops-10-million-barrels-a-day-for-first-time-since-1970.md) | -2.3% | -1.9% |
| BRENT | 2017-03-09 | [Oil falls to below $49 per barrel in selloff - UPI.com](https://feedsoft.ai/events/72161-oil-falls-to-below-49-per-barrel-in-selloff-upi-com.md) | -3.7% | +1.3% |
| WTI | 2019-10-31 | [OPEC October oil output jumps on swift Saudi recovery: Reuters survey By Reuters](https://feedsoft.ai/events/56469-opec-october-oil-output-jumps-on-swift-saudi-recovery-reuters-survey-by-reuters.md) | +2.4% | +5.8% |
| WTI | 2018-08-31 | [Saudi crude oil output in August rises to 10.424 million b/d: OPEC source](https://feedsoft.ai/events/63444-saudi-crude-oil-output-in-august-rises-to-10-424-million-b-d-opec-source.md) | -3.6% | +4.2% |
| 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% |

## Sources

- alarabiya.net: https://www.alarabiya.net/aswaq/oil-and-gas/2026/11/11/%D8%A7%D9%86%D8%AA%D8%A7%D8%AC-%D8%A7%D9%88%D8%A8%D9%83-%D9%8A%D9%82%D9%81%D8%B2-%D9%81%D9%8A-%D8%A7%D9%83%D8%AA%D9%88%D8%A8%D8%B1-%D8%A7%D9%84%D9%89-412-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%A8%D8%B1%D9%85%D9%8A%D9%84

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