--- title: "Dow Jones Top Energy Headlines at 11 AM ET: Oil Falls as G-7 Plans Crude, Diesel Release, But Hormuz Risks Persist | Aramco ..." type: "News" locale: "en" url: "https://longbridge.com/en/news/300948442.md" description: "Oil prices fell as G-7 nations agreed to release 100 million barrels of crude and diesel stocks, though Strait of Hormuz risks persist. Saudi Aramco cut Asian crude prices by $3/barrel for November shipments. Meanwhile, Ithaca Energy plans a $1.1 billion acquisition of Canadian offshore assets, and OPEC+ maintained output steady amid Middle East tensions." datetime: "2026-10-05T15:18:37.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/300948442.md) - [en](https://longbridge.com/en/news/300948442.md) - [zh-HK](https://longbridge.com/zh-HK/news/300948442.md) generator: "portal-rs" --- # Dow Jones Top Energy Headlines at 11 AM ET: Oil Falls as G-7 Plans Crude, Diesel Release, But Hormuz Risks Persist | Aramco ... Oil Falls as G-7 Plans Crude, Diesel Release, But Hormuz Risks Persist Oil prices fell as traders weighed a planned release of emergency oil and diesel stocks by G-7 countries against renewed attacks around the Strait of Hormuz and persistent Middle East supply risks. ---- Aramco CEO Says Oil Inventories Could Take Two Years to Rebuild Amin Nasser said the global supply cushion was scarily thin, with estimates less than 6 billion barrels of commercial inventories remain-and most of that wasn't practically available. ---- Saudi Arabia Slashes Crude Prices for Asia as Exports Recover Saudi Aramco lowered the official selling price for November shipments of its Arab Light crude to Asia by $3 a barrel to a discount of $5 a barrel to the Oman/Dubai benchmark. ---- LNG's Golden Age Could Last Longer Than Expected. These Stocks Benefit Most. Companies that export liquefied natural gas have been minting profits this year. ---- Ithaca Energy to Buy Offshore Canada Oil Assets for Up to $1.1 Billion The company said the deal adds scale and diversification in an operating environment similar to the U.K. Continental Shelf and materially enhances its production outlook. ---- Energy & Utilities Roundup: Market Talk Find insight on National Grid, Ithaca Energy, Medco Energi Internasional and more in the latest Market Talks covering Energy and Utilities. ---- These Energy Companies Put Oklahoma City on the Map. Now They're Moving to Texas. The departures of Devon Energy and Expand Energy are the latest sign that oil-and-gas mergers are consolidating the industry in Houston. ---- Oil Was Pouring Out of Hormuz Again. Then Attacks on Ships Resurged. Iran's targeting of ships has improved, according to a U.S. official, making transits through the Strait of Hormuz riskier. ---- OPEC, Allies Hold Oil Output Steady Amid Middle East Tensions Growing security risks threaten to undermine a recent recovery in regional crude exports, keeping the supply outlook uncertain. ---- How Supreme Court Battles Involving Apple, Exxon, and Intel Could Hit Your Portfolio The court will begin hearing oral arguments on Monday. ---- Africa's Richest Man Wants to Turn a Pristine Coastline Into an Oil Hub The billionaire is laying the groundwork for a $15 billion refinery across the bay from the 700-year-old Swahili trading port. ---- Truckers Are Using Every Trick They Can to Survive Soaring Diesel Prices A day at a truck stop in Texas shows an industry essential to the U.S. economy under tremendous pressure. ---- G-7 Agrees to Release 100 Million Barrels of Diesel and Crude The announcement would seem to end the threat of a U.S. ban on diesel exports, at least for now. (END) Dow Jones Newswires October 05, 2026 11:15 ET (15:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. ### Related Stocks - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [DBO.US](https://longbridge.com/en/quote/DBO.US.md) - [OILK.US](https://longbridge.com/en/quote/OILK.US.md) - [SCO.US](https://longbridge.com/en/quote/SCO.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [USL.US](https://longbridge.com/en/quote/USL.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [03097.HK](https://longbridge.com/en/quote/03097.HK.md) - [03175.HK](https://longbridge.com/en/quote/03175.HK.md) - [IAE.UK](https://longbridge.com/en/quote/IAE.UK.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [DVN.US](https://longbridge.com/en/quote/DVN.US.md) - [EXE.US](https://longbridge.com/en/quote/EXE.US.md) - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) - [NGG.US](https://longbridge.com/en/quote/NGG.US.md) - [XOM.US](https://longbridge.com/en/quote/XOM.US.md) ## Related News & Research - [Brent Futures (UKOIL-F) Is up 2.08% on Oct 30: Key Drivers to Watch](https://longbridge.com/en/news/303659742.md) - [ZAWYA: Beyond disruption: Why Middle East energy has grounds for optimism](https://longbridge.com/en/news/303489862.md) - [Oil prices rebound after reported US strikes on Iran](https://longbridge.com/en/news/304159168.md) - [Trump Says Oil Prices Are ‘Dropping Like a Rock’ as Iran ‘Wants a Settlement,’ Peace Deal ‘Could Happen’ Ahead of Midterms](https://longbridge.com/en/news/304060240.md) - [CBOT soybeans close lower on fund selling, weak oil prices](https://longbridge.com/en/news/304002775.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**