Dow Jones Top Energy Headlines at 4 AM ET: Oil Rises After Attacks in Black Sea | BP ...
Complete. Here is the key summaryOil prices rose amid Black Sea attacks and Middle East tensions, while diesel shortages persisted. Major energy firms reported strong earnings: Valero's profits surged, Shell boosted refinery output, and Chevron/Exxon prepared to deploy cash windfalls from high oil prices. BP is selling its UK North Sea business to exit domestic production. Meanwhile, First Solar sales fell due to contract cancellations, natural gas prices increased after storage data, and Brookfield/NextEra announced a $100B Kentucky data center campus.
Oil Rises After Attacks in Black Sea
Oil rose in early Asian trade amid ongoing supply-disruption concerns.
----
BP Puts U.K. North Sea Business Up for Sale
The energy major said that it would market the business to potential buyers, paving the way to end oil production in its home country after 60 years.
----
Diesel Back in Spotlight as Middle East Conflict Escalates
A global shortage of diesel, made worse by Ukrainian attacks on Russian refineries and lower Chinese refinery runs, has kept prices rising with implications for economies and inflation.
----
Chevron Earnings Could Reveal the Oil Giant's Next Growth Engine
Chevron is benefiting from higher oil prices while pursuing new growth opportunities in Iraq, Venezuela, Argentina, and power generation for AI data centers.
----
Exxon Earnings Will Show What It Plans to Do With Its Cash Windfall
Exxon is expected to post its strongest earnings and free cash flow since 2022, leaving investors focused on how the oil giant deploys its windfall.
----
American Oil Majors Trying to Get Into Venezuela Have Hit a Wall
Exxon, Chevron and others are jockeying for the best oil fields, but talks aren't progressing as quickly as the Trump administration hoped.
----
First Solar Sales Fall on Contract Cancellations
The solar technology company said customer contract cancellations offset an increase in module sales to third parties.
----
Shell Turns Refineries Up to 11 During Oil-Price Surge
The energy giant's strategy to run refineries at full tilt has helped drive a surge in profits.
----
Valero Profit Soars on Major Revenue Gains
Valero Energy said its earnings surged in the second quarter, thanks to sturdy fuel demand.
----
Energy & Utilities Roundup: Market Talk
Find insight on the Gulf Cooperation Council, crude oil futures and more in the latest Market Talks covering energy and utilities.
----
Natural Gas Rises After Storage Data
U.S. natural gas futures rose with September making its debut as the new front month.
----
Brookfield, NextEra to Develop $100 Billion Data Center Campus in Kentucky
A partnership of energy, infrastructure and utility companies plan to develop a data center campus on the Energy Department's Paducah site in western Kentucky, repurposing the land as part of a privately-funded project.
----
How China Went From Dream Customer to a Nightmare for Big Oil
The country's need for crude is much more flexible than the market thought.
(END) Dow Jones Newswires
July 31, 2026 04:15 ET (08:15 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.