CommoditiesMedium•12 November 2026•
1 min read
OPEC+ Oil Output Rises 2.04M bpd in October Led by Saudi Arabia
Key Facts
1OPEC+ oil production increased by 2.04 million barrels per day in October to an average of 41.23 million barrels per day.
2Saudi Arabia led the recovery with production rising by 1.18 million barrels per day to 9.19 million barrels per day.
3Iraq and Kuwait saw production increases of 496,000 and 232,000 barrels per day, respectively.
OPEC+ oil production increased by 2.04 million barrels per day in October to reach an average of 41.23 million barrels per day. ET EnergyWorld reported that Saudi Arabia led the recovery with a production rise of 1.18 million barrels per day, bringing its total output to 9.19 million barrels per day.
Additional increases were recorded by Iraq and Kuwait, which saw production rise by 496,000 and 232,000 barrels per day, respectively, according to ET EnergyWorld. This expansion in supply occurs amid global energy market volatility driven by regional tensions, while crude prices face downward pressure as major producers restore output levels.