Fresh OPEC+ Output Hike Marks Return Of 1.66 Million Oil Barrels A Day
1. OPEC+ increases production by 137,000 bpd in October. 2. Group aims for higher market share amid healthy economic outlook. 3. Concerns grow over potential oil supply surplus this quarter. 4. U.S. crude production reached record highs in April 2025. 5. Non-OPEC production likely to exceed global demand growth projections.