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Russian Diesel Exports Double to 271,000 Barrels Per Day but Bypass United States

Russian diesel exports surged to 271,000 barrels per day in October, up from 135,000 barrels per day in September, following President Donald Trump's decision to ease sanctions. However, zero shipments have reached the United States due to buyer reluctance, legal challenges, and state-level port warnings. Instead, the surplus barrels have flowed to alternative buyers, including Brazil and Turkey. Analysts warn the export increase will be brief, as Ukrainian drone strikes resumed on October 30, holding Russian refinery runs to roughly 4 million barrels per day while Moscow extends its diesel export ban through January.

Category

UK Brent Oil

Sentiment

Neutral

Event

Central bank policy

Reading time

1 min