Report
OPEC+ output reaches 97% of pre-Iran war rate in October, Reuters calculates
Saudi Arabia led October's output increase despite continued shipping disruption through the Strait of Hormuz, Reuters reports.
TLDR
OPEC's monthly report put OPEC+ production at 41.23 million barrels a day in October, up about 2.04 million from September. Reuters calculated that was 97% of February's pre-Iran war rate. Saudi Arabia told OPEC it produced 10.563 million barrels a day, while Reuters reported continued war-related shipping disruption through the Strait of Hormuz.
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