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

0805 ET - Vestas's announced orders for the third quarter are below expectations, but the order outlook in key regions including Germany and the U.S. remains positive, Citi analysts Martin Wilkie and Avinash Mundhra write. Higher costs on the He Dreiht wind farm project probably means that margins at the power solutions unit don't repeat the high seen in the second quarter, Citi says. However, it expects onshore margins to stay high and for annual guidance to be retained. The bank doesn't expect an incremental buyback to be announced with the third-quarter results. "With the order momentum into 2027 likely remaining positive, and margins set to improve further into next year, we retain our buy rating." Citi has a 260 Danish kroner target price on the stock. Shares rise 3.3% to 196 kroner. (dominic.chopping@wsj.com)

0619 ET - Oil prices extend losses, with front-month Brent crude futures falling back below $100 a barrel after media reports of talks on potential diesel stock releases. In afternoon European trading, the global oil benchmark is down 2.6% to $99.62 a barrel, while WTI drops 3.9% to $89.28 a barrel. European gasoil futures--a benchmark for diesel prices in the region--fall 5% to $1,377.50 a metric ton. The prospect of a U.S. diesel export ban is hanging over the market, with investors watching closely for any EU response. While a ban could replenish U.S. diesel stocks and lower domestic prices in the short term, it could also reduce incentives to process crude, tightening U.S. gasoline supply and pushing pump prices higher, analysts say. (giulia.petroni@wsj.com)

0523 ET - European chip stocks jump following a report saying that Samsung Electronics is increasing prices for its memory chips. Samsung is quoting prices around $4 per gigabit in negotiations with customers of its HBM4 memory chips--three times ahead of its current rates, according to a report in South Korean financial daily MK. Shares in European suppliers of Samsung jumped as AI-related stocks on the continent rise more broadly. ASML, Europe's most valuable company, increases 2.2%, while ASM International gains 4.7%. Analog chip makers Infineon and STMicroelectronics gain 6% and 3.3%, respectively. Stocks linked to the AI buildout also trade higher, with Siemens Energy up 2.6% while Prysmian adds 4%.(josephmichael.stonor@wsj.com)

0349 ET - Gold prices tick higher as markets scale back expectations for imminent interest-rate hikes by the Federal Reserve. "A drop in U.S. Treasury yields overnight along with more cautious commentary from Fed officials is helping to support gold while PCE inflation released earlier in the week came in below expectations for August," says Soojin Kim from MUFG. The probability of another 25-basis-point hike at the FOMC's October meeting has fallen to 28%, from around 70% a week ago, according to the CME Group's FedWatch tool. The nonfarm payrolls report due later Friday is expected to be the next major catalyst for gold prices. In early European trading, New York gold futures are up 0.3% to $4,212.80 a troy ounce. (giulia.petroni@wsj.com)

0340 ET - Oil prices ease on signs that Gulf crude exports are recovering, although tensions in the region remain elevated amid concerns over further military action and attacks on shipping. In early European trading, front-month Brent crude for December is down 1% at $101.26 a barrel, while WTI futures slide 1.8% to $91.24 a barrel. According to The Wall Street Journal, the Pentagon is sending a third aircraft-carrier strike group and additional Marine Corps ships to the Middle East as President Trump considers renewing strikes on Iran after the midterm elections. Meanwhile, physical prices remain elevated as the market worries the U.S. might soon impose a ban on diesel exports. "Tight distillate markets, reduced refined-product availability and uncertainty around Middle East shipping continue to support prices, but any evidence of stronger supply flows can quickly trigger profit-taking," says Naeem Aslam from Zaye Capital Markets. (giulia.petroni@wsj.com)

0238 ET - BofA Securities turns bullish on BHP, citing an improved outlook for copper prices. It raises its share-price target on BHP to 68 Australian dollars from A$65 and upgrades the stock to buy from neutral. That follows a 20% lift in its long-term copper price forecast to US$13,577/metric ton. BofA views a site visit to BHP's Australian copper operations in November as a key catalyst. "We expect the site visit to give the market greater confidence in the ramp-up of mined volumes," it says. Shares ended up 1.6% at A$61.21.