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.

0502 GMT - CSE Global is likely to post record-high order wins in 4Q 2025 and in 2025, CGS International analysts say in a research report. It unveiled two major order wins in 4Q--three LNG electrification contracts worth S$162 million with execution spanning 2026-2028, and an Amazon electrification contract worth S$186 million, which is slated for delivery in 2026. Including around S$150 million of recurring flow contracts per quarter, the system integrator's 4Q 2025 order wins probably reached S$496 million and 2025 contract wins likely totaled roughly S$1 billion, the analysts estimate. The brokerage raises the stock's target price to S$1.50 from S$1.15 with an unchanged add rating. Shares are 0.8% lower at S$1.26. (ronnie.harui@wsj.com)

0315 GMT - Dialog being awarded Petronas' Cendramas production sharing contract appears positive, as it is expected to strengthen the company's upstream portfolio with low upfront capital requirements, Hong Leong IB analyst Thye May Ting says in a note. The PSC agreement is targeted to be finalized by 4Q, she notes. Dialog is favored for its defensive earnings profile, supported by its midstream segment, with tank terminals operating above 90% utilization rate, she says. Downstream engineering, procurement, construction and commissioning activities are expected to stay resilient, supported by recently secured projects, she adds. Hong Leong maintains a buy rating on Dialog and keeps target price at MYR2.49. Shares are 7.2% higher at MYR1.79. (yingxian.wong@wsj.com)

0109 GMT - Oil rises in the morning Asian session amid lingering U.S.-Iran tensions that could lead to supply disruptions. The Pentagon has ordered a second aircraft carrier strike group to prepare to deploy to the Middle East, the WSJ reported, citing three U.S. officials. The move comes as Trump administration officials have discussed whether to seize additional tankers involved in transporting Iranian oil, but have held off. The geopolitical tensions in the Middle East have outweighed oil-surplus concerns, ANZ Research analysts say in a research report. Front-month WTI crude oil futures are up 0.4% at $64.87/bbl; front-month Brent crude oil futures are 0.3% higher at $69.62/bbl. (ronnie.harui@wsj.com)

0012 GMT - AGL Energy's bull at Macquarie views the outlook for FY 2027 as challenged. Batteries will be tailwind for AGL, supported by a contribution from new energy storage at the site of the former coal-fired power plant at Liddell in New South Wales state. However, pricing in some eastern and Australian states is lower and this will impact profitability of power generation, Macquarie says. "AGL flagged it sees volatility normalizing to higher levels," says Macquarie. "We think this is post Eraring/Yallourn exiting (FY 2029)." Eraring and Yallourn are coal-fired power stations nearing the end of their life. Macquarie has an outperform call and A$10.40/share price target on AGL, which is up 0.7% at A$9.96. (david.winning@wsj.com; @dwinningWSJ)

1904 GMT - Crude oil futures rise as the market maintains risk premium over the U.S.-Iran situation. President Trump said he insisted to Israeli Prime Minister Benjamin Netanyahu that negotiations with Iran continue "to see whether or not a deal can be consummated." A deal would be the preference, he added in a Truth Social post. Tempering gains was an unexpected 8.5 million barrel build last week in U.S. crude oil stocks as production recovered from winter-storm freeze-offs, imports rose, and U.S. exports fell. The bearish import-export balance the past two weeks was "hard to imagine" with WTI around $5 a barrel cheaper than Brent, "which should be enough to cover cost of carry and put international refiners ahead of the curve," Mizuho's Robert Yawger says in a note. WTI settles up 1% at $64.63 a barrel and Brent rises 0.9% to $69.40. (anthony.harrup@wsj.com)

1622 GMT - The bigger-than-expected addition of 130,000 jobs in the U.S. in January is "moderately supportive" for energy markets, Rystad Energy's chief economist Claudio Galimberti says in a note. "A resilient labor market underpins demand for transport fuels, petrochemicals and power generation, reducing downside risks to U.S. consumption at a time when macro sentiment had turned cautious." The U.S. isn't the primary driver of global oil demand growth, but in a market already balancing OPEC+ supply management against geopolitical risk, "a firmer U.S. macro signal marginally strengthens the demand outlook," he adds. (anthony.harrup@wsj.com)

1305 GMT - Oil futures are higher with the market focused on the U.S.-Iran situation. Shifting sentiment around U.S. and Iran talks makes it hard for traders to know what to price, says Nikos Tzabouras of Tradu. "Do we price prospects of a military instance, or prospects of a successful outcome in the nuclear talks?" While the broader fundamental outlook is bearish for oil, with oversupply looming, the geopolitical premium can spike at any time. "Ukraine peace remains elusive, the EU is tightening sanctions, and although we've seen talks between the U.S. and Iran, tensions linger," he adds. "So this sustains flow risks." WTI is up 2.5% at $65.55 a barrel and Brent is up 2.3% at $70.41 a barrel.(anthony.harrup@wsj.com)

(END) Dow Jones Newswires

February 12, 2026 04:20 ET (09:20 GMT)

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