❗️OPEC+ oil production jumps in October despite Strait of Hormuz disruptions OPEC+ oil production rose by 2.04 million barrels per day (bpd) in October to 41.23 million bpd, driven by a sharp increase in Saudi output despite continued disruptions to shipments through the Strait of Hormuz amid the US-Israeli war on Iran, according to OPEC's monthly report released Wednesday. The figures, based on secondary sources, suggest Gulf producers are restoring exports through alternative arrangements, including ship-to-ship transfers, to bypass disruptions caused by the war, Reuters reported. October output reached 97% of February's 42.72 million bpd level, while Saudi production climbed to 10.563 million bpd from 8.372 million bpd in September, its highest level since February.