Russia’s October output is 1.1 million bpd below its 11 million bpd quota allowed under its quota allocated under the OPEC+ deal, but mostly in line with Novak’s estimates made last month. For November, Russia’s oil production quota will be reduced from 11 million bpd to 10.5 million bpd. Russia’s oil production is expected to fall further next year as G7 and EU sanctions take effect. Analysts believe, however, that G7 and EU sanctions on Russia’s oil exports will not have the desired effect on Russian oil flows, according to a Reuters poll published on Tuesday. This is because Russia is expected to be mostly successful in finding alternative oil buyers by sending more of its oil east to Asian markets. As much as 2 million bpd of Russian oil could be removed from global markets, according to the survey – or as little as zero barrels. The Reuters survey polled 42 economists and analysts, many with surprisingly diverse views. Vitol sees Russian oil flows cut by 1 million bpd this winter, while Bank of Nova Scotia analysts see little to no change from the sanctions. The head of commodities research at German bank LBBW sees between 1.5 million bpd and 2 million bpd pulling out of global markets as a result of sanctions on Russian crude. Bloomberg reported earlier in the week that Russia has largely failed to find new markets for the crude that the EU is set to stop buying when sanctions kick in. By Julianne Geiger for Oilprice.com More top reads from Oilprice.com: