Energy and oilUpdated 2h ago

Saudi oil flowed into storage at about 1.36 million barrels a day in October

Asharq Business with Bloomberg, citing OPEC data, reported that Saudi oil production reached about 10.56 million barrels per day in October 2026. More than 9.2 million barrels per day went to export markets and domestic supply, while roughly 1.36 million barrels per day of the remaining output went into storage. This was the largest monthly increase in Saudi oil inventories since the Iran war began. The 1.36 million-barrel figure describes the daily flow into storage during October, not the total inventory increase.

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