Looks like they ran out of fuel too early and lost control of the glide due to weight distribution of packages. RIP
You're right they shouldn't be speculating based on nothing, it's just that multiple catastrophic failures aren't that outlandish if we know there's probably been at least one (i.e. the plane crashed).
I am not sure what happened in this case. The plane was losing 7000 feet per minute at the end. I am not sure if a 767 in a stall loses altitude that quickly, but if weight shifted aft then the wings certainly wouldn't be generating lift. But would it not self-correct after a while? I have no idea.