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OPEC+, which combines the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, will hold an online ministerial meeting on Thursday to discuss production targets for 2024.
Brent Crude Oil Updates: Brent crude futures edged up 12 cents, or 0.2%, to USD 80.70 a barrel by 0028 GMT, while U.S. West Texas Intermediate crude futures were at USD 75.64 a barrel, up 10 cents, or 0.1%.
Russian Oil Suppliers: Russian officials and oil executives have pressed Indian buyers to pay in Chinese yuan, which for Russia is a more useful currency.
Brent futures rose USD 1.57, or 2.0%, to USD 81.58 a barrel by 11:48 a.m. EST (1648 GMT), while U.S. West Texas Intermediate (WTI) crude rose USD 1.54, or 2.0%, to USD 77.28.
Oil Refinery: Prices for December-arrival Russian ESPO crude retreated to par with, or a few cents a barrel below, ICE Brent on a delivered-ex-ship (DES) basis in China, three market sources said, down from a premium of about USD 1 a barrel last month - the first month-on-month price decline since February.