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OPEC+ crude production rose about 5% in October to roughly 41.23 million barrels per day, led by Saudi Arabia. Saudi output rose to about 10.88 million barrels per day from 8.37 million in September.
Gulf producers are using alternative routes to keep exports flowing around the Strait of Hormuz.
Higher output from Saudi Arabia adds supply to a market still recovering from the Hormuz disruption, which pressures crude prices lower. Gulf export rerouting also indicates that supply recovery depends on logistics workarounds.
worldports.orgMalik JohnsonNov 13, 2026After 131 past bearish report events, Crude Oil (Brent) moved a median -1.3% over 5 sessions (44% higher; middle half -4.0% to +2.4%), and +0.4% over 20.
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.
