Saudi oil output rises near pre-war levels as OPEC+ production climbs
Saudi Arabia has raised crude oil production to its highest level in months, according to an OPEC report released on Wednesday. The increase comes despite continued shipping disruptions linked to the Iran war, which earlier this year shook global energy markets. The report said Saudi output in October reached 10.563 million barrels per day, while total OPEC+ production also rose sharply.The monthly report said Saudi production was up by more than two million barrels per day from September. It also put OPEC+ output at 41.23 million barrels per day in October, an increase of about 2.04 million barrels per day... [Continue Reading]
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