BREAKING: OPEC denies Reuters report on production increase 🔔OIL tries to recover

The Organization of the Petroleum Exporting Countries (OPEC) Secretariat issued a statement today, denying Reuters report, which claimed that OPEC and its allies are planning to increase crude oil production in November by 500,000 barrels per day on Sunday meeting. The OPEC decided commented:

"At present, discussions among the relevant Ministers concerning the upcoming meeting have not yet commenced. Consequently, the OPEC Secretariat strongly urges media outlets to exercise accuracy and responsibility in their reporting in order to avoid fueling unnecessary speculation in the oil market".

The oil price recovered after strong loses earlier today, leading the Brent at 62,6 USD per barrel again.

Source: xStation5

23 October 2026, 6:22 PM

Daily Summary: Oil at five-month highs, indices under pressure (23.10.2026)

23 October 2026, 3:31 PM

US Open: Further declines on Wall Street, Brent above 111 USD, AI correction continues (14.10.2026)

23 October 2026, 7:12 AM

Chart of the Day: Is USDJPY running out of road? Inflation forces the BoJ to act, but the Fed could spoil the Yen’s rally

23 October 2026, 6:05 AM

Macro Calendar: Preliminary PMI Readings and Earnings Ahead

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