Refinitiv, citing traders, expects crude exports from Russia’s Baltic and Black Sea ports to fall 100,000–200,000 bpd MoM in November. Traders attribute the decline to refineries exiting maintenance and raising runs to increase diesel output for a Russia‑US diesel supply agreement reached on Oct 9; Russia has partly restored diesel export quotas and the US has eased fuel-export sanctions. Risks remain: Ukrainian strikes on energy infrastructure, roughly three-week loading delays at Novorossiysk,

Refinitiv, citing traders, expects crude exports from Russia’s Baltic and Black Sea ports to fall 100,000–200,000 bpd MoM in November. Traders attribute the decline to refineries exiting maintenance and raising runs to increase diesel output for a Russia‑US diesel supply agreement reached on Oct 9; Russia has partly restored diesel export quotas and the US has eased fuel-export sanctions. Risks remain: Ukrainian strikes on energy infrastructure, roughly three-week loading delays at Novorossiysk, and falling Russian crude production that may limit further refinery throughput, leaving November export plans subject to change.