A post by @DeItaone on X.

Saudi Arabia raised crude output by 2.19 million barrels per day in October, lifting production to 10.56 million bpd from 8.37 million bpd in September—a 26% jump and the highest level since February—according to OPEC data cited by Walter Bloomberg. The surge came as OPEC+ ramped up production even with the Iran war ongoing. The increase matters because it signals the group is prioritizing market share and supply restoration over price support, potentially pressuring crude benchmarks. Traders will watch whether other OPEC+ members match Saudi volumes and whether the added barrels are absorbed by demand or push inventories higher.