LondonOPEC output hit 22.87 million barrels a day in October.

That is 90% of the pre-war February rate, led by Saudi Arabia, Kuwait and Iraq.

Survey data show output up 1.38 million barrels a day in a month, with Iran’s exports under a US blockade.

Seven OPEC+ members held output steady, though the war made earlier quota increases impossible to deliver.

Polymarket traders give a US-Iran Hormuz agreement by 31 December a 36% chance, up 3 points in a week.

How each outlet framed it
Reuters
measures October OPEC output at 90% of its February pre-war level (22.87m bpd vs 25.48m), showing the quota hikes never became real barrels

Sources: Reuters