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.
0809 GMT - EDP-Energias de Portugal's integrated business is set to benefit from Iberian power-demand growth, Bernstein analysts write. The energy company is set to gain from electrification efforts, data-center expansion, and emerging green hydrogen projects, they note. Higher power demand puts a floor on wholesale prices, they write. Their hydropower plants, which have a long life cycle and generate high free cash flow, are underappreciated by the market, they write. Shares rise 0.8% to 4.443 euros.(adam.whittaker@wsj.com)
0743 GMT - Austrian oil-and-gas company OMV will benefit from higher energy prices, which it can use to fund the transformation of its chemicals unit, Baader Helvea's Frederic Lorec writes. The brokerage increases the stock's target price to 71.5 euros from 63.4 euros. It also revises upward its earnings per share forecast for 2026 to 6.53 euros from 6.44 euros due to stronger commodity prices. However, it moves EPS expectations for 2027 lower, to 5.46 euros from 6.66 euros previously. Shares trade 0.2% higher at 56 euros.(adam.whittaker@wsj.com)
0525 GMT - Oil gives up earlier gains after Iran mediators offered a plan to ease Lebanon and Strait of Hormuz tensions. Iran and the U.S. agreed to the creation of a mechanism to ensure the termination of military operations in Lebanon, mediators said. The announcement by Pakistan and Qatar, the two mediators in Iran peace talks, came after President Trump on Sunday threatened Iran on social media over its support of Lebanese faction Hezbollah. "We expect futures markets to remove risk premia, while physical energy markets normalize with a lag," CIMB analysts say in a note. Front-month WTI crude oil futures are down 0.2% at $76.75 a barrel and Brent futures are 1.9% lower at $79.03 a barrel. (sherry.qin@wsj.com)
0050 GMT - Oil prices gain in early Asian trade as doubts over the durability of the U.S. and Iran's interim peace deal grow. Renewed fighting in Southern Lebanon prompted Iran to declare over the weekend that the peace deal is no longer in effect and the Strait of Hormuz remains closed, ANZ analysts say in a note. Even if the strait fully reopens, any crude supply recovery is likely to be gradual, uneven and constrained by logistics, energy infrastructure and depleted inventories, leaving the market structurally tight through the rest of the year, they say. Front-month WTI crude oil futures are 2.1% higher at $78.18 a barrel. (jason.chau@wsj.com)
2254 GMT - The 30% drop in Karoon Energy's share price since June 11 takes out a bear. Macquarie upgrades its recommendation on Karoon to neutral, from underperform, noting Friday's close of A$1.44 is below its A$1.50/share price target. Karoon's stock now implies an oil price of US$69.60 per barrel, down from US$74.00 on June 16. The share-price fall follows a U.S.-Iran peace deal. "Oil price leverage is significant for Karoon," Macquarie says. "However, we expect market has appropriately priced in crude weakness now." It plans to review the outlook for Karoon once production at its Bauna oil field in Brazil is reinstated and can be observed. Still, Macquarie reminds investors that the lengthy delay to recovery at its Who Dat operation in the Gulf of Mexico is an overhang. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
June 22, 2026 04:20 ET (08:20 GMT)
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