Saudi Arabia Boosts October Oil Output to Eight-Month High of 10.563 Million Bpd

Saudi Arabia raised crude oil production in October to 10.563 million barrels per day, its highest level since February 2026, according to OPEC's monthly report. The figure rebounded from 8.372 million bpd in September, adding more than 2.19 million bpd to global markets. To bypass bottlenecks near the Strait of Hormuz, Riyadh utilized its Yanbu Red Sea terminal and Gulf ports to ship 7.9 million bpd of crude and refined products. Output recovered despite regional disruptions, including 36 maritime attacks around the Arabian Peninsula and militant strikes targeting Saudi aviation, Aramco headquarters, and oilfields.