The OPEC+ alliance is scheduled to meet Dec. 2 to decide on January production levels, amid strong hints from the US, China, Japan and India that a coordinated crude release from their strategic petroleum reserves was imminent.

Brent fell 67 cents, or 0.8%, to $79.03 a barrel, WTI fell 88 cents, or 1.2%, to $75.87 a barrel.

Preliminary production figures for October 2021 show an average daily production of 2 062 000 barrels of oil, NGL and condensate.

Brent lost 26 cents, or 0.3%, to $78.63 a barrel, WTI were down 12 cents, or 0.2%, at $75.82 a barrel.

U.S. Rig Count is up 7 from last week to 563, Canada Rig Count is down 1 from last week to 167.

Brent was up 77 cents, or 0.9%, at $82.01 a barrel, WTI was up 79 cents, or 1%, at $79.80 a barrel.

U.S. commercial crude oil inventories decreased by 2.1 million barrels from the previous week to 433.0 million barrels.

Brent was down 83 cents, or 1%, to $79.87 a barrel, WTI were down $1.13, or 1.4%, at $77.23 a barrel.

Area 4 is operated by Mozambique Rovuma Venture (MRV), an incorporated joint venture owned by Eni, ExxonMobil and CNPC, which holds a 70% interest in the Area 4 exploration and production concession contract.

Brent dropped 50 cents, or 0.6%, to $81.93, WTI fell 57 cents, or 0.7%, to $80.19 a barrel.

Brent was 52 cents, or 0.6%, higher at $82.57 a barrel, WTI climbed 42 cents, or 0.5%, to $81.30 a barrel.

The Company increased its gas supplies to Turkey (+98.1 per cent), Germany (+19.6 per cent), Italy (+18.3 per cent), Romania (+247.1 per cent), Serbia (+92.9 per cent), Bulgaria (+48.2 per cent), Poland (+7.3 per cent), Greece (+13.7 per cent), Slovenia (+53.3 per cent), and Finland (+10.8 per cent).

Brent fell 63 cents, or 0.8%, to $81.54 a barrel, WTI lost 55 cents, or 0.7%, to $80.24 a barrel.

China has approved expansions at more than 153 coal mines, which could add 55 million tonnes of coal output in the fourth quarter, the National Development and Reform Commission (NDRC) said last month.

The majority of Iraq's gas output is pumped with oil and the associated gas is mostly flared. Iraq was the world's second-worst flaring nation after Russia in 2020, according to the World Bank.