# Global oil supply up 2.3M barrels per day in October

> The IEA's October Oil Market Report says global oil supply rose by 2.3 million barrels per day in October to 105.36 mb/d, led by Gulf exports. OPEC+ output rose 2.39 mb/d, driven by Saudi Arabia and Iraq, while non-OPEC+ supply fell by 90,000 b/d. The agency expects supply to recover further in 2027 but flags Middle East risks.

- Date: 2026-11-13 · published 2026-11-13T12:14:08.305Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/97729-global-oil-supply-up-2-3m-barrels-per-day-in-october
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A faster-than-expected supply recovery eases crude tightness, which lowers energy and diesel costs for feed producers and feeds through to fertiliser and freight prices. The risks the IEA flags could reverse that easing.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| 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 | 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 | 2020-01-16 | [IEA sees well-supplied oil market despite slower shale growth \| S&P Global](https://feedsoft.ai/events/54972-iea-sees-well-supplied-oil-market-despite-slower-shale-growth-s-and-p-global.md) | -1.5% | -12.5% |
| BRENT | 2025-11-28 | [Swelling supply to keep oil prices under strain in 2026 \| Reuters](https://feedsoft.ai/events/22099-swelling-supply-to-keep-oil-prices-under-strain-in-2026-reuters.md) | +0.1% | -2.4% |
| WTI | 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) | -2.9% | +2.3% |
| 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 | 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

- aa.com.tr: https://www.aa.com.tr/en/energy/oil/global-oil-supply-up-23m-barrels-per-day-in-october/60982

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