Global Energy Roundup: Market Talk

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

0327 GMT - KCE Electronics' 2Q earnings may be weakest of 2026 owing to continued cost headwinds, say UOB Kay Hian analysts in a research report. While the printed circuit board manufacturer could raise PCB prices by 10%-12% in 2H, the increase is likely to be at the lower end of this range, as the company mainly serves the automotive segment rather than AI server market. The brokerage downgrades the stock's rating to hold from buy as share price seems to have mostly priced in the Thai company's 2H earnings rebound. However, it raises the target price to 40.00 baht from 36.00 baht on expectations of robust 2H earnings. Shares are 1.8% lower at 41.25 baht. (ronnie.harui@wsj.com)

0131 GMT - Buying Carnaby Resources gives Evolution Mining an additional source of high-quality copper-gold ore to increase production at its Ernest Henry operation, says RBC Capital Markets analyst James Redfern. He expects the economics of Carnaby's Greater Duchess project can "be enhanced under EVN's ownership and processing at Ernest Henry." A recent project study assumed a processing toll with Glencore that will now be terminated, Redfern notes. RBC keeps a sector perform rating and A$11.50-per-share price target on Evolution. Shares in the miner are up 2.7% at A$11.59. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

2337 GMT - Oil falls in early Asian trade amid easing concerns over supply disruptions in the Middle East. President Trump has put off a major escalation of the U.S. military campaign against Iran amid efforts to revive diplomacy to open the Strait of Hormuz and a debate over effects of falling munitions stocks, The Wall Street reported, citing U.S. officials familiar with the matter. "The crude market is taking a breather," two members of TD Securities' Macro Research say in a research report. "Markets seem to be easing in anticipation, or hope, of another ceasefire," the members add. Front-month WTI crude oil futures fall 4.8% to $84.99 per barrel; front-month Brent crude oil futures are down 4.8% at $92.16 a barrel. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 26, 2026 23:27 ET (03:27 GMT)