Russian fuel exports, oil output rebounded in October after deal with Trump, IEA says
USO•USO•USO•USO•Russia's oil production rose 210,000 barrels per day in October to 8.73 million bpd, while oil product exports increased 260,000 bpd to 1.49 million bpd after restrictions on diesel exports were partially eased.
Russia's crude oil production increased by 210,000 barrels per day from September to 8.73 million bpd in October, the International Energy Agency said. Oil product exports rose by 260,000 bpd to 1.49 million bpd, their highest level since June, as gasoil shipments doubled to 270,000 bpd.
Russia partially eased diesel export restrictions on October 10 after Russian President Vladimir Putin and U.S. President Donald Trump agreed to increase supplies to the global market. The IEA, citing Kpler data, said Russian diesel and gasoil loadings reached 1.13 million metric tons in October, including 240,000 tons for Turkey and 160,000 tons for Brazil; no diesel cargo had yet reached the United States.
