Dow Jones Top Energy Headlines at 7 AM ET: Oil Prices Retreat After Trump Appears to Rule out Iran Strikes Before Midterms | BP ...

Oil Prices Retreat After Trump Appears to Rule out Iran Strikes Before Midterms

Oil fell Friday after surging the previous day, as traders weighed Trump's pledge not to attack Iran before the U.S. midterm elections against persistent shipping risks in the Persian Gulf and production shut-ins in the Gulf of Mexico.

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BP Curbs Production at Two Platforms in Gulf of Mexico Due to Hurricane Isaias

All personnel have been evacuated from BP's Na Kika and Thunder Horse platforms in the Gulf of Mexico as it prepares for Hurricane Isaias.

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American Oil Refiners Are Printing Money as Wars Shrink Global Energy Supplies

The earnings of independent fuel makers Valero Energy, Marathon Petroleum and Phillips 66 are set to crush the near-record results of the June quarter.

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Brent Gains More Than 4% on U.S.-Iran Tensions, Hurricane Isaias

Prices jumped as traders weighed intensifying Persian Gulf shipping risks and U.S.-Iran tensions alongside U.S. offshore production shut-ins ahead of Hurricane Isaias.

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Iran and Houthis Try to Regain Upper Hand in Hormuz With Spate of New Attacks

The clashes underscore the region's volatility and the difficulty that Trump faces keeping a lid on its conflicts at least until after midterm elections.

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European Gas Prices Climb on LNG Shipping Risks

Natural-gas prices climbed back above 80 euros a megawatt-hour as concerns over continued attacks on shipping in the Gulf raised fresh questions about the security of LNG supplies.

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Tanker Attacks Push Deeper Into Gulf, Rattle Oil Markets

A strike near Qatar, far from the usual flashpoint at the Strait of Hormuz, raises fears of wider disruptions.

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Oil Majors Cut Production in Gulf of Mexico as Hurricane Isaias Strengthens

Chevron, Shell and Harbour Energy have begun curbing production and evacuating personnel from offshore facilities as the region braces for the hurricane.

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Devon Energy Sells Eagle Ford Assets to Crescent Energy for $4.2 Billion

President and CEO Clay Gaspar said the deal is the outcome of an ongoing portfolio review and sharpens the company's focus on its highest-return and longest-duration assets.

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PG&E CEO to California Politicians: Stop Stepping on Our Stock Price

Can Patti Poppe save her company-and California?

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Energy & Utilities Roundup: Market Talk

Find insight on oil futures, Shell, PTT Exploration & Production and more in the latest Market Talks covering energy and utilities.

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U.S. Crude Oil Stockpiles Post Weekly Drop

Commercial crude oil inventories fell by 3.2 million barrels to 424.1 million barrels in the week ended Oct. 2. Crude inventories were expected to have increased by 1.7 million barrels, according to a Wall Street Journal survey of analysts.

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Shell's Refining Margin Surges to Record

The energy major expects its refining margin to hit a record high in the third quarter, driven by volatility stemming from war in the Middle East and a global supply squeeze.

(END) Dow Jones Newswires

October 09, 2026 07:00 ET (11:00 GMT)