Tuesday, 1 October 2024 () Oil prices were once again under pressure early on Tuesday morning, with Brent falling below $71 and WTI trading at $67.57. Oil markets will now look toward the OPEC+ meeting tomorrow for some support, as well as any developments in the Middle East following Israel's ground invasion of Lebanon. - Europe is preparing for a colder winter this year as meteorologists see an 80-85% probability of the La Niña phenomenon developing, bringing cooler weather to the Atlantic Coast as soon as October.- According to forecasters, France, the…
The cost of developing new upstream oil projects is continuing to rise as inflationary pressure and supply chain woes endure. New research from Rystad Energy... OilPrice.com
Tuesday, 1 October 2024 ()
