Saudi Arabia leads further jump in OPEC+ oil output despite war

Saudi Arabia sharply increased crude production in October, taking output to 10.563 million barrels per day, the highest level since February 2026. Business Recorder reported the figures from an OPEC monthly report reviewed by Reuters. Saudi Arabia’s reported production was 8.372 million barrels per day in September, compared with 10.882 million barrels per day in February.

OPEC+ production also rose during October, reaching 41.23 million barrels per day, according to secondary sources cited in the report. That was an increase of 2.04 million barrels per day from September. The report places the rise against the backdrop of the Iran war, which had disrupted Middle East supplies, while OPEC+ kept its December output targets unchanged ahead of a tougher decision for 2027.