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Russian crude production rebounds after Trump diesel deal, IEA says as oil markets return to surplus
CRAYON summary
CNBC reports that Russia's crude output rose to 8.73 million barrels a day in October, citing the International Energy Agency (IEA). According to the IEA figures cited, recovering Gulf exports pushed global oil supply above demand, returning markets to surplus. The headline links the Russian production rebound to a diesel deal involving Trump, though the excerpt provides no details of that deal.
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Russian crude production rebounds after Trump diesel deal, IEA says as oil markets return to surplus
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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