Dow Jones Top Energy Headlines at 7 AM ET: Saudi Aramco Profit Surges, Offering Some Relief to Kingdom's Finances | Iran ...

Saudi Aramco Profit Surges, Offering Some Relief to Kingdom's Finances

The state-owned energy giant attributed the boost to higher crude volumes sold from maintaining consistent production, as well as higher prices of refined and chemical products.

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Iran War Threatens Record Annual Drop in Global LNG Supply, IEA Says

Liquefied-natural-gas output was set for its steepest annual decline on record as the Iran war chokes off supplies and intensifies competition among importers.

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U.S. Strikes Iran's Qeshm Island as Trump Talks Down War Risks

The assault follows comments by President Trump playing down the possibility of a return to war with Iran after Tuesday's midterm elections.

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Carl Icahn's CVR Energy Near Over $4 Billion Deal for Marathon Refineries

The deal comes as global conflicts have boosted U.S. refiners' sales.

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Oil Futures Slump As Iran Peace Efforts Ease Supply Fears

Oil prices sank as renewed diplomatic efforts to end the conflict between the U.S. and Iran eased concerns over Middle East oil supplies and fears of escalation following the U.S. midterm elections.

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Diamondback Energy Lifts Production Targets Again as Revenue Grows

The oil and natural gas company reported a third-quarter profit of $1.6 billion, up from $1.02 billion a year earlier.

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Blackstone Leads $3.1 Billion Investment in Mitsubishi's Stake in LNG Canada

A Blackstone-led group has agreed to invest $3.1 billion in Mitsubishi Corp.'s interest in a natural-gas liquefaction project in Canada.

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Fluence Energy Stock Drops on Leadership Overhaul

Fluence Energy stock dropped 5.5% after the company said it will replace its CEO, CFO, and institute new oversight of its operations.

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Oil prices could average $130 a barrel next year, according to Goldman Sachs

Analysts at the investment bank said Brent crude could reach $140 a barrel next year if tensions worsen in the Middle East.

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Energy & Utilities Roundup: Market Talk

Find insight on oil futures, BP, Repsol and more in the latest Market Talks covering energy and utilities.

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U.S. Pushes to Restore Russian Gas Sales to Europe Via Ukraine

The idea is intended to unlock an energy ceasefire between Moscow and Kyiv but it faces resistance in European capitals.

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OPEC, Allies Keep Output Steady While Gulf Shipping Remains Under Threat

The group's crude production levels are still below prewar levels, with key shipping routes disrupted.

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American Oil Giants See Profits Soar as Wars Crimp Energy Supplies

ExxonMobil and Chevron posted blockbuster earnings for the third quarter as the world turned to U.S. refineries for fuel.

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BP Slashes Net Debt as Earnings Soar

BP's profit almost quadrupled and cash flow jumped in the third quarter, enabling the British energy major to cut net debt faster than expected.

(END) Dow Jones Newswires

November 03, 2026 07:15 ET (12:15 GMT)