Saudi crude output hits record high in October, up 26% since Iran war start

Saudi Arabia's crude production rose 26% in October to its highest level since the US-Israel war on Iran began in late February, per Dagens Industri. The increase suggests Riyadh is leveraging spare capacity to offset supply disruptions, likely stabilizing global markets. Uncertainty remains over how long this surge can be sustained and whether it signals a strategic shift in OPEC+ policy.

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