OPEC+ members, which include countries such as Russia, produced an average of 41.23 million barrels per day (bpd) in October, an increase of 2.04 million bpd from September, according to the report. The figure is approaching the group's 2025 average of 41.98 million bpd, before the outbreak of the US-Israeli war with Iran
...a theocratic Shiite state divided among the Medes, the Persians, and the (Arab) Elamites. Formerly a fairly civilized nation ruled by a Shah, it became a victim of Islamic revolution in 1979. The nation is today noted for
spontaneouslytaking over other countries' embassies, maintaining whorehouses run by clergymen, involvement in international drug trafficking, and financing sock puppet
militiasto extend the regime's influence. The word
Iranis a cognate form of
Aryan.The abbreviation
IRGCis the same idea as
Stürmabteilung (or SA).The term
Supreme Guideis a the modern version form of either
Duceor
Führeror maybe both. They hate
in February.
Despite the recovery in production, ongoing attacks and uncertainty over passage through Hormuz continue to pose risks to regional oil exports as tensions over and in the strategic waterway remain high amid an uptick in attacks impacting vessels transiting the vital corridor.
Saudi Arabia
...a kingdom taking up the bulk of the Arabian peninsula, largely made up of sand and oil rigs. Its primary economic activity involves exporting oil and soaking Islamic rubes on the annual haj pilgrimage. The country supports a large number of princes in whatcha might call princely splendor. Formerly dictatorial and steeped in Olde Tyme Religion, deferring to Salafist holy men on all issues, it has now done a 180 and is making a serious effort to modernize, so as not to be left in the sand by its Gulf Arab neighbors. The holy men have been shoved to the background and the nation is now still dictatorial but somewhat rational. That doesn't make them trustworthy, but it's a start...recorded one of the largest increases, reporting production of 10.563 million bpd in October, compared with 8.372 million bpd in September. The October figure was also close to February's pre-war level of 10.882 million bpd. However,
if you can't say something nice about a person some juicy gossip will go well...
OPEC's secondary sources estimated Saudi production at a lower 9.194 million bpd in October.
Iraq also recorded a significant recovery, with production rising from 3.995 million bpd in September to 4.491 million bpd in October - an increase of approximately 496,000 bpd, according to OPEC's secondary sources.
The recovery comes despite continued disruption to shipping through the Strait of Hormuz, a vital route for Gulf oil exports. Tit-for-tat measures imposed by Tehran and Washington, alongside attacks on commercial vessels, have complicated efforts by regional producers to restore exports and revenues.
Iraqi Oil Minister Basim Mohammed Khudair told state-run Iraqi News Agency (INA) in October that the country's oil exports had exceeded 3.4 million bpd, approaching pre-war levels of approximately 3.7 million bpd. He said shipments were moving through the Strait of Hormuz,
...the occupiers of Greek Asia Minor...
's Ceyhan port, and tanker trucks transporting oil through Syria.
Maritime insecurity continues posing a threat to recovery efforts. On Wednesday, the United Kingdom Maritime Trade Operations (UKMTO) reported another incident involving a tanker in the Strait of Hormuz, less than a day after a separate vessel was struck by an unidentified projectile off Oman.
OPEC's report also highlighted the continued disruption to oil transportation, noting that freight rates for very large crude carriers (VLCC) surged in October, reaching more than ten times their levels from a year earlier.
"The return of disrupted volumes, ongoing trade dislocations, export inefficiencies and longer voyages kept tanker availability constrained," the organization said.