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Exports of Oil Products Plunge to Lowest Levels in Over Three Years

RUSSIA
  • Russian oil-product exports plunged to the lowest in more than three years, with outflows still limited after Moscow’s initial ban on diesel shipments and the slow ramp-up of refining activity during seasonal maintenance, Bloomberg report. Shipment of refined fuels from Russia shrank to just 2.1m barrels a day in the first three weeks of October, according to data compiled by Bloomberg from analytics firm Vortexa Ltd, ~8% below the levels in September and the lowest volume since July 2020.
  • Russia received and is now studying new proposals from the US on resuming talks on strategic stability, Deputy Foreign Minister Ryabkov said according to Interfax.
  • The statistics office will report Industrial Production figures at 1700BST/1900 local (Est: +5.6% y/y; Prior: +5.4%). Weekly CPI data is also on the docket.
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