The IEA said Russia’s October crude production rose 210,000 b/d from September
to 8.73m b/d and fuel exports rebounded after a diesel agreement with US
President Trump. Product exports climbed 260,000 b/d to 1.49m b/d, the highest
since June, with straight-run diesel shipments doubling to 270,000 b/d. After
Putin and Trump agreed to boost global supply, Russia on Oct. 10 partially eased
diesel export curbs. Citing Kpler, the IEA said October diesel and gasoil
loadings reached 1.13m tonnes, well above the pledged 300,000 tonnes (2.25m
barrels), including 240,000 tonnes to Turkey and 160,000 tonnes to Brazil; no
Russian diesel cargoes have yet arrived in the US.
