OPEC published a market report for October.
For the first time in a year, that is, since last November, Russia did not show a fall, but a slight increase in production. However, the backlog from the cap remains huge: more than 1.2 million barrels.
But the OPEC cartel sharply increased production in October, by nearly 2 million barrels, almost reaching the 2025 level. Saudi Arabia led the increase, followed by Iraq and Kuwait.