OPEC oil production rises 7.8% in October compared to September

In October, OPEC's oil production increased by 7.8% to 27.16 million barrels per day, up by 1.96 million barrels from September. Despite this rise, production remains 5% below pre-war levels. The report indicates a gradual recovery in oil supply from Gulf petro-states, which had significantly dropped in March due to the conflict, although shipping routes in the Strait of Hormuz and Bab el Mandeb remain disrupted.