According to Jin10, the International Energy Agency (IEA) said Russia’s crude oil production rose by 210,000 barrels per day from September to 8.73 million barrels per day in October, while fuel exports also rebounded after a diesel agreement with U.S. President Donald Trump. Russian oil product exports increased by 260,000 barrels per day from September to 1.49 million barrels per day, the highest level since June, with gasoil shipments doubling to 270,000 barrels per day.
The IEA said Russia partially eased diesel export restrictions on October 10 after Russian President Vladimir Putin and Trump agreed to increase supplies to global markets. Citing commodity data and analytics firm Kpler, the IEA said Russian diesel and gasoil loadings reached 1.13 million metric tons in October, well above the pledged 300,000 metric tons (2.25 million barrels), including 240,000 metric tons bound for Turkey and 160,000 metric tons for Brazil. No Russian diesel cargoes have arrived in the United States so far.