Madar (International) - Saudi Arabia pumped 10.563 million barrels per day (bpd) of crude in October, up by more than 2 million bpd from September, according to the monthly report of the Organization of the Petroleum Exporting Countries (OPEC) issued on Wednesday, November 11, 2026, Al Jazeera English reported, citing Reuters.
That is the kingdom's highest level since the United States and Israel launched the war on Iran in late February, when it produced 10.882 million bpd.
According to the report, the OPEC+ group, which includes OPEC members and other producers such as Russia, pumped 41.23 million bpd in October, up about 2.04 million bpd from September, driven by higher Saudi and Russian output. That equals 97 percent of the group's February output of 42.72 million bpd, according to Reuters.
OPEC left its forecasts for global oil demand growth unchanged after cutting them for six straight months. It expects demand to rise by 2.55 million bpd in 2027 to an average of 108.3 million bpd, after growth of 180,000 bpd in 2026.
The report, based on secondary sources, indicated that Gulf producers are recovering exports through workarounds such as ship-to-ship transfers, and that Saudi exports have stabilised despite Houthi attacks this week on the East-West pipeline, according to the same source.
