European Oil Equities Slide on Supply Glut Fears -- Market Talk

Dow Jones

Sep 29

0812 GMT - European oil companies fall in morning trade as fears of a supply glut grow. This is driven by reports which indicate OPEC+ might increase production once again. The group has been increasing production in recent months and Reuters reports that it will likely agree to increase oil production by at least 137,000 barrels a day at its meeting next Sunday. Adding to supply concerns is the re-emergence of Iraqi oil produced in the Kurdistan region after a more than two-year stoppage. Brent crude falls 1% to $68.54 a barrel, while WTI is down 1.1% to $64.99 a barrel. BP, TotalEnergies, Galp Energia and Eni fall around 0.6%, Repsol drops 0.4% while Shell slides 0.16%.(adam.whittaker@wsj.com)

(END) Dow Jones Newswires

September 29, 2025 04:12 ET (08:12 GMT)

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This is driven by reports which indicate OPEC+ might increase production once again. The group has been increasing production in recent months and Reuters reports that it will likely agree to increase oil production by at least 137,000 barrels a day at its meeting next Sunday. Adding to supply concerns is the re-emergence of Iraqi oil produced in the Kurdistan region after a more than two-year stoppage. Brent crude falls 1% to $68.54 a barrel, while WTI is down 1.1% to $64.99 a barrel. BP, TotalEnergies, <a href=\"https://laohu8.com/S/GLPEF\">Galp Energia</a> and Eni fall around 0.6%, Repsol drops 0.4% while Shell slides 0.16%.(adam.whittaker@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 29, 2025 04:12 ET (08:12 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>European Oil Equities Slide on Supply Glut Fears -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEuropean Oil Equities Slide on Supply Glut Fears -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-09-29 16:12</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0812 GMT - European oil companies fall in morning trade as fears of a supply glut grow. This is driven by reports which indicate OPEC+ might increase production once again. The group has been increasing production in recent months and Reuters reports that it will likely agree to increase oil production by at least 137,000 barrels a day at its meeting next Sunday. Adding to supply concerns is the re-emergence of Iraqi oil produced in the Kurdistan region after a more than two-year stoppage. Brent crude falls 1% to $68.54 a barrel, while WTI is down 1.1% to $64.99 a barrel. BP, TotalEnergies, <a href=\"https://laohu8.com/S/GLPEF\">Galp Energia</a> and Eni fall around 0.6%, Repsol drops 0.4% while Shell slides 0.16%.(adam.whittaker@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 29, 2025 04:12 ET (08:12 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0098860793.USD","symbol_name":"FRANKLIN INCOME \"A\" INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2571800848","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2571800848","pubTimestamp":1759133520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0812 GMT - European oil companies fall in morning trade as fears of a supply glut grow. This is driven by reports which indicate OPEC+ might increase production once again. The group has been increasing production in recent months and Reuters reports that it will likely agree to increase oil production by at least 137,000 barrels a day at its meeting next Sunday. Adding to supply concerns is the re-emergence of Iraqi oil produced in the Kurdistan region after a more than two-year stoppage. Brent crude falls 1% to $68.54 a barrel, while WTI is down 1.1% to $64.99 a barrel. 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This is driven by reports which indicate OPEC+ might increase production once again. The group has been increasing production in recent months and Reuters reports that it will likely agree to increase oil production by at least 137,000 barrels a day at its meeting next Sunday. Adding to supply concerns is the re-emergence of Iraqi oil produced in the Kurdistan region after a more than two-year stoppage. Brent crude falls 1% to $68.54 a barrel, while WTI is down 1.1% to $64.99 a barrel. BP, TotalEnergies, Galp Energia and Eni fall around 0.6%, Repsol drops 0.4% while Shell slides 0.16%.(adam.whittaker@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 29, 2025 04:12 ET (08:12 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}