'India Will Step Up US LPG Buying as Middle East Risks Persist' - Bloomberg
https://www.bloomberg.com/news/articles/2026-09-25/india-will-step-up-us-lpg-buying-as-middle-east-risks-persist
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https://www.bloomberg.com/news/articles/2026-09-25/india-will-step-up-us-lpg-buying-as-middle-east-risks-persist
Stocks slid as the 10-year Treasury yield hit a 19-year high on blowout PMI data; cybersecurity stocks bucked the selloff.
BP has reportedly withdrawn from negotiations to purchase Devon Energy's Eagle Ford Shale assets, valued at approximately $4.5 billion. The decision comes as Devon faces pressure from activist investor TOMS Capital to divest assets or sell itself entirely. BP cited capital discipline concerns, likely due to uncertainty about global oil prices if the Iran conflict ends, causing Devon's stock to drop 3.6% on the news.
- Reuters Exclusive
Devon Energy is trending Wednesday after CNBC reported that activist hedge fund Toms Capital urged the company to explore a sale.