Russian crude production rebounds after Trump diesel deal, IEA says as oil markets return to surplus
Summary
Russia increased its daily crude production in October as recovering Gulf exports contributed to an oversupply in global oil markets. According to the IEA, this output growth coincides with overall supply exceeding global demand.
Russia’s crude output rose to 8.73 million barrels a day in October as recovering Gulf exports pushed global supply above demand, the IEA said.
Source: Read the full story at US Top News and Analysis
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