EL7.AI
CommoditiesMedium•15 November 2026•
1 min read

Saudi Oil Data Gap of 1.37 Million BPD Emerges Ahead of OPEC+ Meeting

Key Facts

1Saudi Arabia reported producing 10.563 million bpd in October, while OPEC secondary sources estimated output at 9.194 million bpd.
2The gap between official self-reported output and independent estimates stands at 1.369 million barrels per day.
3DeGolyer and MacNaughton is conducting an independent audit of Saudi maximum capacity, due for the OPEC+ meeting on November 29.

Saudi Arabia reported producing 10.563 million barrels per day in October, Reuters reported. A significant gap of 1.369 million bpd has emerged between these official figures and estimates from OPEC secondary sources, which placed the kingdom's output at approximately 9.194 million bpd.

DeGolyer and MacNaughton is currently conducting an independent audit of Saudi Arabia's maximum production capacity, with the findings expected to be presented on November 29. This discrepancy highlights uncertainties regarding actual supply levels and quota compliance.

The 42nd OPEC and non-OPEC Ministerial Meeting is scheduled for November 29, 2026. The group is expected to review the independent audit results to decide on future output levels, alongside the 69th meeting of the Joint Ministerial Monitoring Committee on the same date.