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Russian crude production rebounds after Trump diesel deal, IEA says as oil markets return to surplus

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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.

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  1. CNBCRussian crude production rebounds after Trump diesel deal, IEA says as oil markets return to surplusRussia’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.
  2. Crypto BriefingGlobal oil markets swing to surplus as Gulf shipments rebound: FTThe oil surplus may stabilize global markets, reducing price volatility and impacting future production strategies and geopolitical dynamics.
  3. Financial Times(subscription required)Global oil markets swing to surplus as Gulf shipments reboundIEA analysts warn it will take months to rebuild stockpiles depleted by conflict
  4. Bloomberg(subscription required)Global Oil Market Swings to Surplus on Gulf Exports, IEA SaysGlobal oil markets will swing to a supply surplus for the first time since the start of the Iran war as Persian Gulf exports recover despite the ongoing conflict, the International Energy Agency said.