October 5, 2025 7:02 PM October 5, 2025 7:02 PM
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Global Oil Supply Rises as OPEC+ Boosts Production Targets
After the October production hike, OPEC+, the group comprising the Organisation of the Petroleum Exporting Countries plus Russia and some smaller producers, has decided to raise oil output by 137,000 barrels per day (BPD) from November. OPEC+ has increased its oil output targets by more than 2.6 mil...