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Global oil supply tops demand as Russia's crude output rises 210,000 bpd in October, easing market tightness.

Market News
13 Nov 2026, 14:05 WIB
CNBC
View Source
Neutral
Global oil supply tops demand as Russia's crude output rises 210,000 bpd in October, easing market tightness.

Russia increased its crude oil production by 210,000 barrels per day to 8.73 million barrels in October, contributing to a global oil supply of 105.4 million barrels per day. This marks the first time since the Iran war began that supply has exceeded demand, signaling a tentative market rebalancing. However, diesel supply remains tight due to ongoing attacks on Russian energy infrastructure and Middle East disruptions. The International Energy Agency forecasts further supply growth in the fourth quarter and into 2027, supported by increased output from the U.S., Canada, Brazil, Argentina, and Guyana.

Russian crude production rose by 210,000 barrels per day to 8.73 million barrels in October, marking a key development in global oil supply. For readers following energy markets, here is Pluang's market snapshot as of Nov 13, 2026 18:12 WIB: out of 79 priced Energy-sector US stocks, 55 rose and 15 fell. Notable movers include CVE at USD 29.30 (+1.42%, 100% buy activity), ENB at USD 47.49 (-1.29%, 88% buy activity), and NESR at USD 20.99 (-1.13%, 100% sell activity).

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