LONDON : In its monthly report released today, OPEC confirmed that the global economy is continuing its robust growth trend, a key driver behind the organization’s steady outlook. The report follows last Sunday’s OPEC+ decision to raise oil production quotas for October, as Saudi Arabia, the group’s largest producer, moves to reclaim market share.

The alliance, which includes OPEC members and other oil-producing partners, boosted crude output in August by 509,000 barrels per day, reflecting earlier commitments to lift supply.