OPEC oil output rises further in September: Report

Oil output of the Organization of the Petroleum Exporting Countries (OPEC) continued to rise in September after an OPEC+ recent agreement to raise supply ceilings, a Reuters survey showed.

The oil alliance pumped 28.40 million barrels per day last month, up 330,000 bpd from August's revised total, the survey showed, with the UAE and Saudi Arabia making the largest increases, according to the survey.

This comes as OPEC+, which includes OPEC and allies including Russia, is accelerating its output hikes by starting in October to unwind a second layer of cuts ahead of plan.