Global Energy Roundup: Market Talk

Dow Jones
10/20

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

0907 ET - U.S. natural gas futures are up sharply as some colder weather shows up in the temperature forecasts. "This morning's natural gas price pop higher appears more of a relief from mounting bearish risks than newfound optimism," Eli Rubin of EBW Analytics says in a note. "While near-term fundamentals remain challenging, chances for a colder November-and possible short-covering amid trader repositioning at the front of the strip-suggest an extended move higher cannot be ruled out." Nymex natural gas is up 6.7% at $3.210/mmBtu.(anthony.harrup@wsj.com)

0849 ET - Crude futures continue to lose ground following three consecutive weekly declines. "Weak growth projections and the ongoing energy transition across China and the EU are dampening the broader outlook for crude, compounded by U.S.-China tariff tensions," Razan Hilal of Forex.com says in a note. "Crude oil prices are tracing another decline toward yearly lows amid oversupply, weak demand, and tariff concerns." WTI and Brent are down 0.7% at $57.16 a barrel and $60.86 a barrel, respectively. (anthony.harrup@wsj.com)

0338 ET - The European natural-gas market remains relatively well supplied, ANZ analysts write after prices ended last week lower. Liquefied natural gas and piped gas from Norway are boosting Europe's stored gas while helping the region cope with higher consumption as temperatures falls, they write. China has been taking LNG from Russia's Arctic LNG 2 plant, which is potentially freeing up more supply for the wider market, they write. In morning trade, the benchmark Dutch TTF contract trades flat at 31.75 euros. (adam.whittaker@wsj.com)

0321 ET - Oil continues last week's downwards trajectory as investors assess a looming supply glut and a challenging macroeconomic backdrop, ANZ analysts write. Brent crude falls 0.8% to $60.78 a barrel and WTI slides 0.9% to $56.65 a barrel. Assessing the impact of the glut is complicated by the fluctuating trade tensions between the U.S. and China, they write. President Trump on Friday said higher tariffs against China weren't sustainable and expressed optimism that a solution would be found, they add. (adam.whittaker@wsj.com)

0320 ET - Aztech Global seems cautiously optimistic about its business environment for the rest of 2025, UOB Kay Hian analysts say in a research report. The electronics manufacturer's 3Q earnings were in line with UOB Kay Hian's expectations, bringing its nine-month earnings to form 73% of the brokerage's full-year estimate. However, 4Q is a seasonally weaker quarter for the Singapore-listed company after completing peak holiday season's orders for electronic products in 2Q and 3Q, the analysts say. Also, Aztech Global remains vigilant of uncertainty in the macroeconomic, trade and geopolitical fronts. The brokerage has a hold rating and a target price of S$0.58 on the shares, which are unchanged at S$0.635. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

October 20, 2025 09:07 ET (13:07 GMT)

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