European oil and gas stocks are falling, oil prices continue to be under pressure.

European oil and gas stocks fell in opening trading as concerns about oversupply continued to rise. Brent crude oil fell by 0.7% to $65.93 per barrel, with prices still under pressure. Derren Nathan, stock research director at Hargreaves Lansdown, stated that the unexpected increase of 390,000 barrels of inventory in the United States last week, combined with plans from OPEC+ members to increase production, has sparked concerns in the market about oversupply. In the London market, BP's stock price fell by 0.7%, Shell by 0.15%. French Total Energy fell by 0.65%, while Spanish Repsol and Italian Eni both fell by approximately 0.4%.