SAUDI OIL OUTPUT SURGES 26% AS OPEC+ RAMPS UP PRODUCTIONSaudi Arabia boosted crude production by 2.19 million barrels pe | HanamiSAUDI OIL OUTPUT SURGES 26% AS OPEC+ RAMPS UP PRODUCTION
Saudi Arabia boosted crude production by 2.19 million barrels per day in October, despite the ongoing Iran war.
Output jumped from 8.37M bpd in September to 10.56M bpd, its highest level since February, according to OPEC figures cited by Reuters.
Meanwhile, OPEC+ production surged 2.04M bpd to 41.23M bpd, signaling a broader recovery in supply.
The sharp rebound in Middle East production could ease global oil supply pressures despite continued geopolitical tensions.
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