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Energy · Riyadh, Saudi Arabia ·

Saudi crude output rises 26% to near pre-war level

Saudi Arabia told OPEC it raised October output to 10.563 million barrels a day. That is near pre-war levels and above its quota. Gulf crude exports are at about 80% of pre-war levels, but refined products lag at 35%. Brent crude fell to $92.

Why it matters

More Saudi oil eases supply worries and pressure on fuel prices.

Background

Shipping through Hormuz has been disrupted by the Iran war.

Sources

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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