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

0728 GMT - Sembcorp Industries remains well-positioned to benefit from long-term artificial intelligence and data-center-related demand, OCBC Group Research analyst Chu Peng says in a note. The energy and urban solutions provider has secured over 1 gigawatt of contracted power supply in Singapore and established platforms across Australia, the U.K. and Asean. However, the analyst warns that the company's renewables segment is likely to keep facing headwinds from resource uncertainty, curtailment and tariff pressures in China. OCBC has a buy rating on the stock and a fair value estimate of 7.20 Singapore dollars. Shares are 0.8% lower at S$6.03.(amanda.lee@wsj.com)

0723 GMT - Bitcoin falls following declines in U.S. stocks overnight as a selloff in global government bonds and Middle East tensions weighed. Global bonds yields surged on Tuesday, reflecting inflation concerns and deficit fears. "Higher yields remain our main worry for the market," Jefferies economist Mohit Kumar says in a note. Inflationary pressures are likely not just from oil prices but also food prices due to droughts, which are external shocks that won't be offset by higher interest rates, he says. There is also no easy way out of the U.S.-Iran conflict, he says. President Trump said no talks with Iran are underway or scheduled after a U.S.-Iran ceasefire expired Monday. Bitcoin drops 0.4% to $64,306, LSEG data show. (renae.dyer@wsj.com)

0649 GMT - Nordic markets are seen opening slightly lower, with IG calling the OMXS30 down 0.1% at around 3241. Stock markets fell on Tuesday as the lack of a solution around the Strait of Hormuz and continued high long-term interest rates weighed on sentiment, SEB head of analysis Karl Steiner writes. Oil prices are higher and seem to be heading back towards $100 per barrel, he says. Asian stock markets are mostly lower and Europe and U.S. stock market futures indicate a slightly negative opening. Fed minutes due later are one of the most important events of the week, Steiner says. OMXS30 closed at 3244.67, OMXN40 at 2683.58 and OBX at 2012.11. (dominic.chopping@wsj.com)

0622 GMT - China Aviation Oil (Singapore) Corp.'s earnings are likely to be stronger in 2H, based on management's guidance, CGS International analysts say in a note. Drivers include stronger income at the jet-fuel trader on the back of jet-fuel trading volume recovery and continued growth in the sustainable aviation fuel market, the analysts say. There are also potential incremental trading flows as CAO integrates into Sinopec's value chain following the Sinopec-China National Aviation Fuel Group merger. The brokerage maintains the stock's add rating, but lowers the target price to 2.45 Singapore dollars from S$2.68 to reflect a lowered P/E multiple assumption for CAO associate Shanghai International Airport. Shares are unchanged at S$1.62. (ronnie.harui@wsj.com)

0555 GMT - Rising oil and bond yields often go hand in hand with higher prices and "inflation remains in the driver's seat for stocks," says Kevin Gordon at Schwab Center for Financial Research. Bond yields and stocks now have the most negative correlation since 1997, meaning when one goes up the other goes down, according to the head of macro research and strategy. "This implies that the bond market is keying more off inflation data than growth data, giving inflation the upper hand when it comes to equities," he says in a note. Gordon adds that there is growing concern about the Federal Reserve hiking rates before year-end.