The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0531 GMT - Chinese solar producers are likely to remain under pressure from industry overcapacity, exacerbated by a steep drop in China's solar installations, says Morningstar's Cheng Wang in a note. LONGi Green Energy Technology and JA Solar Technology posted 2Q losses amid declining revenue. The analyst reduces his module shipment estimates for both producers and cuts his 2028-2030 net profit projections by 12%-13% for LONGi and by 18%-33% for JA. Still, he sees the worst is behind the Chinese solar sector, as government intervention and market forces may alleviate oversupply. Morningstar trims its fair-value estimate for LONGi by 5% to 16.50 yuan and reduces JA's by 15% to 12.40 yuan. LONGi shares last 2.2% lower at 11.80 yuan, while JA shares decline 2.6% to 6.85 yuan. (megan.cheah@wsj.com)

0521 GMT - Higher energy prices contributed to the recent bond selloff but the market isn't in panic mode, Allianz Research analysts say in a note. "Renewed tensions in the Middle East since July and destructions of refining capacity in Russia have raised energy costs in particular gas prices again, leading to higher inflation and central bank expectations (Federal Reserve terminal rate +35bp, European Central Bank +50bp) explaining the lion's share of rate increases," they say. While sovereign bond yields have risen since July, again reaching multi-year highs, the speed of increase was lower than after the start of the U.S.-Iran war, they say. "Bond markets are still functioning well according to bid-ask spreads or auction demand, but elevated rate levels are rightfully raising debt sustainability concerns." (emese.bartha@wsj.com)

0147 GMT - Elevated oil prices, with a 1H 2027 forecast of $80/bbl, should support Petronas' earnings and potentially lift domestic offshore capital expenditure, CIMB Securities analyst Muhammad Afif Bin Zulkaplly says in a note. Sustained prices could improve upstream project economics, encourage higher development spending, while greater cash-flow visibility may prompt operators to resume deferred brownfield and asset-integrity work, he says. Maintenance activity could therefore strengthen as oil prices stabilize, he adds. CIMB pegs Dayang Enterprise and MISC as top picks for their exposure to domestic capital expenditure and large-cap exposure, respectively. It keeps an overweight rating on Malaysia's oil and gas sector. (yingxian.wong@wsj.com)

0125 GMT - SK Innovation could get an earnings boost from its resilient refinery margins and a ramp-up of its energy storage system business, Daiwa Capital's Hen Jung and Yoonki Base say. The South Korean energy company's oil-refining business remains strong, as Middle East conflicts keep both crude prices and refining margins elevated, the analysts note. Its battery subsidiary, SKI On, is on track for a profit turnaround after the parent completed restructuring of its battery and materials businesses, they say, citing a recent deal to supply 9GWh of ESC battery cells in the U.S. Daiwa raises its 2026-2028 EPOS forecasts for SKI Innovation by 11%-67%. It raises the stock's rating to buy from hold and its target to 220,000 won from 120,000 won. Shares were last at 134,100 won.(kwanwoo.jun@wsj.com)

2226 GMT - Ampol has plenty of tailwinds right now and management is doing well to capitalize on supportive conditions. But the stock is up roughly 1/3 in two months, and Jefferies believes now is the right time to take a breather. "After sharp outperformance, stock is on 16.5x mid-cycle price-to-earnings, making it harder to chase," says analyst Michael Simotas, downgrading Ampol to hold from buy. Jefferies finds all of Ampol's businesses are performing strongly. Geopolitical factors are difficult to predict, but it expects refined product markets to remain tight, supporting continued out-sized cash generation for the foreseeable future. Ampol ended Tuesday at A$43.80, just below Jefferies's A$45.00/share price target. (david.winning@wsj.com; @dwinningWSJ)

1952 GMT - Mexico's pipeline imports of U.S. natural gas were a record near 7.9 billion cubic feet a day in August, with gas for electricity generation in Mexico last month at an all-time high 5.8 Bcf/d, Wood Mackenzie says in a release. The firm projects that exports to Mexico have reached their 2026 peak. While volumes remain strong in early September, "Mexican gas and power markets are set to enter a gradual seasonal decline, driven by easing cooling loads, shoulder-season maintenance windows, and holiday-related demand softness." The medium-term trend remains upward, however, as Mexico continues expanding its fleet of combined-cycle power plants, Wood Mackenzie adds. (anthony.harrup@wsj.com)

1912 GMT - Oil futures rise sharply as the U.S. launches new strikes against Iranian targets and President Trump warns "they will be hit at a much harder and higher level" if Iran retaliates against the latest "justified attack." WTI settles up 5.2% at $90.22 a barrel, its highest close since July 23. "While the escalated conflict in the Middle East continues to slow Strait of Hormuz traffic, along with the continued global tightness in diesel fuel, the near-term path of least resistance for oil prices still looks higher," Dennis Kissler of BOK Financial says in a note. Brent rises 4.6% to $94.65 a barrel. (anthony.harrup@wsj.com)

1824 GMT - Gold futures fall for a third straight session as a global bond selloff pushes yields up and the flare-up in the Middle East sends crude prices higher. The rise in oil prices raises concerns about inflation and implications for Fed interest-rate policy, particularly after Fed Chairman Kevin Warsh expressed concerns about inflation last week. Front month gold settles down 1.9% in New York at $4,348.00 a troy ounce. Silver falls 2.4% to $64.618 a troy ounce. (anthony.harrup@wsj.com)

1715 GMT - Oil futures add to earlier gains as the U.S. military says it's carrying out more strikes on Iranian targets in response to Iranian attacks on ships and U.S. servicemembers in the Middle East. The renewal of military action has rekindled concerns about oil flows out of the Persian Gulf being choked off. WTI is up 4.3% at $89.43 a barrel after nearing $90 a barrel for the first time in over a month. Brent rises 3.9% to $93.89 a barrel.(anthony.harrup@wsj.com)

1454 GMT - Oil futures are higher with renewed strikes in the Persian Gulf, including attacks on two tankers carrying Saudi oil, increasing concerns about oil flows through the Strait of Hormuz. U.S. Treasury Secretary Scott Bessent says the strait will become less important as a chokepoint given alternative ways of getting oil out of the region. "In two years the Strait of Hormuz will be a worthless piece of water. The oil will be going on pipelines across land," he says in a fireside chat with Larry Kudlow of Fox Business. Bessent stressed the latest U.S. measures to squeeze Iran economically. The June MOU didn't work because Iran wasn't ready for a deal, he says. "My job is make sure they want to have a deal." WTI is up 2.2% at $87.62 a barrel. Brent rises 1.8% to $92.06. (anthony.harrup@wsj.com)

1309 GMT - Oil futures are rising for a second session on renewed concerns about disruption of flows out of the Persian Gulf. "The latest leg higher is being driven primarily by the renewed escalation in tensions between the U.S. and Iran, with traders ignoring the controversial U.S.-Venezuela deal for now," Fawad Razaqzada of Forex.com says in a note. "The near-term outlook remains heavily dependent on the supply side." Softer economic data in China and the U.S. point to some moderation in demand, "but oil is relatively demand-inelastic: consumption tends not to fall sharply simply because prices rise." WTI is up 2.6% at $87.96 a barrel and Brent gains 2.2% to $92.48.(anthony.harrup@wsj.com)

1301 GMT - A global bonds selloff continues, pushing Treasury yields higher, as the war in Iran muddles the economic outlook. Investors worry about ballooning government debt and sticky inflation. Oil keeps rising, with WTI up 2.5% to $87.92. July JOLTS report, at 10 a.m. ET, kicks off a string of U.S. labor data likely to move markets this week. Odds of a Fed hike in September tick higher to 66% from 65% yesterday. The two-year Treasury yield, which is more sensitive to Fed policy, touches 4.369%, which would be its highest settle since January 2025. The 10-year goes as high as 4.797%, also the highest in 19 months.