# OPEC Oil Supply Rebounds by 2.04 Million Barrels a Day: Will Korean Refiners Benefit? — Super Financial

> OPEC+ crude production rose by about 2.04 million barrels per day in October to 41.23 million, according to a November 11 monthly report cited by Reuters. The figure is about 96.5% of the February pre-war reference level of 42.72 million barrels per day. The article notes that barrels produced do not equal barrels supplied or delivered to refineries.

- Date: 2026-11-13 · published 2026-11-14T09:11:36.390Z
- Category: report · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/99277-opec-oil-supply-rebounds-by-2-04-million-barrels-a-day-will-korean-refiners
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Recovering crude supply eases the prewar shortfall and is bearish for crude prices. The timing of refinery intake and inventory effects will determine how much of that supply benefits South Korean refiners.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2026-11-09 | [OPEC crude production rose to 22.8 million barrels daily in October](https://feedsoft.ai/events/88869-opec-crude-production-rose-to-22-8-million-barrels-daily-in-october.md) | -4.1% | — |
| 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 | 2020-07-31 | [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% |
| 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 | 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) | -1.8% | -4.8% |
| WTI | 2026-11-09 | [OPEC crude production rose to 22.8 million barrels daily in October](https://feedsoft.ai/events/88869-opec-crude-production-rose-to-22-8-million-barrels-daily-in-october.md) | -4.1% | — |

## Sources

- superfinancial.net: https://superfinancial.net/en/markets/opec-momr-november-2026-opec-plus-output-demand-korea-2026/

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