OPEC oil output rises by 30,000 bpd in October, survey finds

Core Insights - OPEC's oil output increased in October following an OPEC+ agreement to raise production levels [1] - The increase in output was significantly lower compared to the rises seen in September and the summer months [1] Group 1 - OPEC's oil production rose in October as a result of a collective decision by OPEC+ to enhance production [1] - The pace of the output increase has decelerated sharply from previous months, indicating a potential stabilization in production levels [1]