00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The International Energy Agency said Friday that Russia's crude oil production rose to 8.73
00:08million barrels a day in October, as rebounding Gulf shipments pushed global oil markets into a
00:14surplus, according to CNBC. Global oil supply reached 105.4 million barrels a day, up 2.3
00:23million from September. Inventories increased by 52 million barrels, marking the first monthly
00:29rise since June. Attacks on Russian energy infrastructure and disruptions in the Middle
00:34East continue to restrict diesel supplies. President Trump reached a deal with Russian
00:39President Vladimir Putin to supply diesel to global markets in October. The IEA raised its
00:44fourth quarter supply estimate by 3.3 million barrels a day and forecasts a 6.6 million barrel
00:51a day increase in 2027. For all things money, visit Benzinga.com.
