EconomyOPEC+ countries raise oil output by 1.94 million bpd in October
OPEC said countries participating in the OPEC+ production-cut agreement increased output by 1.94 million barrels per day in October. Excluding exempt countries and the UAE, which left the alliance, production totaled 32.817 million bpd—3.389 million below the quota before compensation obligations. Saudi Arabia posted the largest increase.
OPEC+ countries raise oil output by 1.94 million bpd in October