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.

1033 ET - High oil prices could boost energy producers' and oil-services companies' earnings, especially those companies with fairly low debt levels and controlled spending, eToro's Lale Akoner says in a note. Nonetheless, businesses in the airline industry, chemicals, and consumer businesses could be negatively affected by high energy costs and weaker demand, Akoner says. Brent crude last trades at $94.4 per barrel, having risen sharply in recent days following renewed U.S.-Iran tensions. (miriam.mukuru@wsj.com)

0902 ET - New York Federal Reserve president John Williams says long-term bond yields are driven by the broad strength of the U.S. economy and heavy capital spending on AI. A glut of investment demand for data centers and tech infrastructure is increasing funding costs broadly, Williams tells CNBC. "It's not really about financial conditions affecting the economy, its about the economy affecting financial conditions," he says. Core inflation may be over target, but that excess is driven by high energy prices tied to conflict in the Middle East and tariffs, Williams says. (dean.seal@wsj.com)

0845 ET - Treasury yields decline from overnight highs, mimicking oil moves as the Middle East conflict gives no signs of cooling. Crude is down less than 1%, hovering around $90. ADP says U.S. private-sector employers created 38,000 jobs in August, missing WSJ consensus of 47,000 and slowing from July's upwardly revised 46,000. New York Fed's Williams says on CNBC that it is important to bring inflation down to 2%, but stops short of committing to a September hike. The 10-year yield falls to 4.778% after rising as high as 4.815%, the highest in nearly three years, overnight. The two-year is at 4.377%, also off early highs.(paulo.trevisani@wsj.com; @ptrevisani)

0839 ET - Oil futures are giving back overnight gains after rising this week on resumed fighting in the Middle East. The focus of U.S. strikes on reducing risks to shipping in the Strait of Hormuz "reinforces the continuation of the broad sideways path for oil prices," Samer Hasn of XS.com says in a note. President Trump said in a Truth Social post that he isn't trying to force Iran to the bargaining table. "I like our position now much better, with almost total control of the Hormuz Strait, and their economy totally collapsing," he wrote. WTI is off 0.6% at $89.65 a barrel and Brent is down 0.4% at $94.28.(anthony.harrup@wsj.com)

0704 ET - Chevron is taking steps to more than double its production in Venezuela, planning to invest more than $7 billion in the country over the next five years. The company says Wednesday it has entered multiple agreements with the country, establishing updated terms with its joint ventures to support future investment, project development and production growth. The agreements came after President Trump last week said the U.S. reached a deal with Venezuela to secure control of a big chunk of the country's oil reserves. "With improved terms and additional acreage, we are strengthening a portfolio that we believe can deliver attractive low-cost oil growth, support energy supply and create differentiated long-term value," Chevron CEO Mike Wirth says. (connor.hart@wsj.com)

0502 ET - BP's permanent appointment of interim chairman Ian Tyler isn't a surprise but might be seen as too conservative, AJ Bell's Dan Coatsworth says. "Tyler is more of a known quantity than his predecessor Albert Manifold, having joined BP's board nearly 18 months ago and sat in the chair's seat since Manifold's acrimonious departure in May," AJ Bell says. The appointment may be seen as too cautious, as Manifold's hiring as an outsider was to shake up the oil major. "The initial market reaction suggests Tyler's appointment hasn't sparked much in the way of excitement or disquiet, and CEO Meg O'Neill will hope it gives her the space and time to make the changes she wants at the business," Coatsworth adds. Shares are down 0.8%. (michael.hennessey@wsj.com)

0131 ET - 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)

0121 ET - 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)

2147 ET - 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)

2125 ET - 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)

1826 ET - 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)

1552 ET - 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.