European Commission President Von der Leyen said the road to peace will not be smooth.

Turkish central bank survey: policy rate expected at 21.92% in 24 months, down from a prior forecast of 22.39%.

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.