Reuters | US And OPEC Flood Oil Market Ahead Of Midterms OilPrice.com OPEC and the U.S. are together adding enormous volumes of new supply, which together have softened the oil market. In October, OPEC hiked oil production to the highest level since 2016, back before the oil production cuts went into effect, according to ... OPEC oil output rises to highest since 2016 despite Iran: Reuters survey |