OPEC production rises 7.8% to 27.16 million barrels per day but remains below pre-war levels

OPEP's oil production increased by 7.8% in October, reaching 27.16 million barrels per day, but remains 5% below pre-war levels. The rise reflects a gradual recovery in the Gulf region, despite ongoing security disruptions. Saudi Arabia led the increase with a production of 9.2 mbd, while Iran's output fell significantly. The overall OPEC+ supply reached 41.23 mbd, nearing February's figures.