Global Energy Roundup: Market Talk

Dow Jones07-03

The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day.

0519 GMT - Sembcorp Industries' 1H result is likely to be weighed by the Middle East conflict driving up energy prices and a challenging operating environment in India, says Citi analyst Luis Hilado in a note. The U.S.-Iran conflict pushed upstream gas suppliers to raise prices, resulting in margin pressure for the Singapore energy and urban solutions provider, he says. Weather disruption and currency weakness are also dragging down Sembcorp's renewables business in India, he says. He cuts his 2026-2028 recurring and reported profit projections by 6%-11% and 10%-14%, respectively. Citi adds a negative 30-day catalyst watch on Sembcorp's shares and cuts its target price to 6.92 Singapore dollars from S$7.02. It retains its buy rating. Shares drop 3.7% to S$5.96. (megan.cheah@wsj.com)

0517 GMT - The dominant theme across global markets next week will again likely be the evolving narrative around the Iran war and the trajectory of the still tenuous U.S.-Iran peace talks, First Abu Dhabi Bank's Simon Ballard says in a note. "The technical talks in Qatar are ongoing, with markets taking an increasingly optimistic view on a permanent ceasefire and the restoration of Strait of Hormuz shipping flows," the chief economist says. However, First Abu Dhabi Bank would caution that success is anything but guaranteed at this stage. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

July 03, 2026 01:19 ET (05:19 GMT)

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The U.S.-Iran conflict pushed upstream gas suppliers to raise prices, resulting in margin pressure for the Singapore energy and urban solutions provider, he says. Weather disruption and currency weakness are also dragging down Sembcorp's renewables business in India, he says. He cuts his 2026-2028 recurring and reported profit projections by 6%-11% and 10%-14%, respectively. Citi adds a negative 30-day catalyst watch on Sembcorp's shares and cuts its target price to 6.92 Singapore dollars from S$7.02. It retains its buy rating. Shares drop 3.7% to S$5.96. (megan.cheah@wsj.com) \n</p>\n<p>\n  0517 GMT - The dominant theme across global markets next week will again likely be the evolving narrative around the Iran war and the trajectory of the still tenuous U.S.-Iran peace talks, First Abu Dhabi Bank's Simon Ballard says in a note. \"The technical talks in Qatar are ongoing, with markets taking an increasingly optimistic view on a permanent ceasefire and the restoration of Strait of Hormuz shipping flows,\" the chief economist says. However, First Abu Dhabi Bank would caution that success is anything but guaranteed at this stage. (emese.bartha@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 03, 2026 01:19 ET (05:19 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Global Energy Roundup: Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGlobal Energy Roundup: Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-03 13:19</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n   The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day. \n</p>\n<p>\n  0519 GMT - <a href=\"https://laohu8.com/S/U96.SI\">Sembcorp Industries</a>' 1H result is likely to be weighed by the Middle East conflict driving up energy prices and a challenging operating environment in India, says Citi analyst Luis Hilado in a note. The U.S.-Iran conflict pushed upstream gas suppliers to raise prices, resulting in margin pressure for the Singapore energy and urban solutions provider, he says. Weather disruption and currency weakness are also dragging down Sembcorp's renewables business in India, he says. He cuts his 2026-2028 recurring and reported profit projections by 6%-11% and 10%-14%, respectively. Citi adds a negative 30-day catalyst watch on Sembcorp's shares and cuts its target price to 6.92 Singapore dollars from S$7.02. It retains its buy rating. Shares drop 3.7% to S$5.96. (megan.cheah@wsj.com) \n</p>\n<p>\n  0517 GMT - The dominant theme across global markets next week will again likely be the evolving narrative around the Iran war and the trajectory of the still tenuous U.S.-Iran peace talks, First Abu Dhabi Bank's Simon Ballard says in a note. \"The technical talks in Qatar are ongoing, with markets taking an increasingly optimistic view on a permanent ceasefire and the restoration of Strait of Hormuz shipping flows,\" the chief economist says. However, First Abu Dhabi Bank would caution that success is anything but guaranteed at this stage. 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Published exclusively on Dow Jones Newswires throughout the day. \n\n\n  0519 GMT - Sembcorp Industries' 1H result is likely to be weighed by the Middle East conflict driving up energy prices and a challenging operating environment in India, says Citi analyst Luis Hilado in a note. The U.S.-Iran conflict pushed upstream gas suppliers to raise prices, resulting in margin pressure for the Singapore energy and urban solutions provider, he says. Weather disruption and currency weakness are also dragging down Sembcorp's renewables business in India, he says. He cuts his 2026-2028 recurring and reported profit projections by 6%-11% and 10%-14%, respectively. Citi adds a negative 30-day catalyst watch on Sembcorp's shares and cuts its target price to 6.92 Singapore dollars from S$7.02. It retains its buy rating. Shares drop 3.7% to S$5.96. (megan.cheah@wsj.com) \n\n\n  0517 GMT - The dominant theme across global markets next week will again likely be the evolving narrative around the Iran war and the trajectory of the still tenuous U.S.-Iran peace talks, First Abu Dhabi Bank's Simon Ballard says in a note. \"The technical talks in Qatar are ongoing, with markets taking an increasingly optimistic view on a permanent ceasefire and the restoration of Strait of Hormuz shipping flows,\" the chief economist says. However, First Abu Dhabi Bank would caution that success is anything but guaranteed at this stage. 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