A post by @FirstSquawk on X.
OPEC+ CRUDE OUTPUT, INCLUDING FORMER MEMBER UAE, AVERAGED 41.23M BPD IN OCTOBER, UP 2.04M BPD FROM SEPTEMBER
@FirstSquawk on X
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OPEC+ crude output averaged 41.23 million barrels per day in October, a 2.04 million bpd increase from September, according to First Squawk. The figure includes former member UAE, whose participation complicates comparisons with the group’s official production baseline. The monthly jump is notable because it exceeds the modest supply increases the alliance had signaled, suggesting some members are pumping above agreed levels. Traders will watch whether the higher volumes persist into November and whether the group responds with stricter quota compliance.
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Named in this story
OPEC+, UAE