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.

0819 GMT - Harbour Energy's full-year results were in line with prior guidance, Shore Capital analyst James Hosie writes. The oil and gas company's 2025 production target of between 450,000 and 475,000 barrels of oil equivalent per day is also in line with its January trading update, Hosie writes. Harbour will publish its updated strategy Thursday at its Capital Markets Day. Going forward, acquisition activity will remain a core part of its plan but there could be portfolio optimization through the divestment of non-core assets, Hosie adds. Shares trade down 3.7% at 206.0 pence, (adam.whittaker@wsj.com)

0120 GMT - Oil rises in the morning Asian session on a likely technical recovery following a fourth straight session of declines on Wednesday. "Oil prices are facing a challenging scenario, largely impacted by trade tensions between the United States and its key partners," Pepperstone's Quasar Elizundia says in an email. "The uncertainty caused by the imposition of tariffs and corresponding retaliatory measures is eroding global confidence, potentially slowing down global economic activity and, in turn, weakening oil demand," the research strategist adds. Front-month WTI crude oil futures are 0.5% higher at $66.63/bbl; front-month Brent crude oil futures are 0.5% higher at $69.62/bbl. (ronnie.harui@wsj.com)

1909 GMT - Oil futures sink as bearish signals pile up from OPEC+ bringing back withheld output to possible demand fallout over U.S. trade tariffs and expectations for talks toward ending the Russia-Ukraine war. "All the planets have lined up in favor of the bears in recent days and the crude oil price has suffered accordingly," Mizuho's Robert Yawger says in a note. "Then the EIA weekly storage report dropped another bear bomb on the market." The EIA reported a larger-than-expected 3.6 million barrelincrease in U.S. crude inventories, and further builds are likely as refineries take advantage of the slow season to do maintenance, Yawger says. WTI settles down 2.9% at $66.31 a barrel after hitting a nearly two-year intraday low of $65.22. Brent falls 2.4% to $69.30 a barrel. (anthony.harrup@wsj.com)

1514 GMT - Oil futures move deeper into the red after the EIA reports a bigger-than-expected 3.6 million barrel increase in U.S. crude inventories, which adds to bearish implications of OPEC+ returning withheld barrels starting next month and possible economic fallout from U.S. tariffs against Canada, Mexico and China. The OPEC+ plan to unwind cuts is still flexible, notes Alex Hodes of StoneX. The group "has routinely tested the waters by publishing a bold change in policy and then walking back those comments or watering down the implementation," he writes, adding that "this could be another one of those sell the rumor, buy the fact situations." WTI is off 3.8% at $65.66 a barrel and Brent falls 3.2% to $68.73 a barrel. (anthony.harrup@wsj.com)

1451 GMT - Aramco's is set to lose some of its appeal as shareholder returns decline, HSBC analysts write in a research note. The oil-and-gas giant's performance-linked dividend will fall to less than $1 billion in 2025, down from $43 billion in 2024, and result in total dividends falling 31% year-on-year, they write. Capital expenditure is set to increase in 2025 but should plateau in 2026 before declining, they write. In the long-run, the company offers attractive returns but its share price is constrained by the limited upside to oil prices, a more expensive valuation comparative to peers and lower shareholder distributions, they write. Shares fall 1.3% to 26.55 Saudi riyals.(adam.whittaker@wsj.com)

1312 GMT - Oil futures are lower for a fourth consecutive session, weighed down by prospects of higher OPEC+ output starting next month and uncertainty over the eventual impact of the U.S. import tariffs. "OPEC adding barrels had made the supply and demand worse and the potential upside risks for oil are dropping with OPEC now no longer a risk," TP ICAP's Scott Shelton says in a note. He adds that serious negotiations on the Russia-Ukraine war are looking more and more likely. "I feel like any rally in WTI above $70 however will be sold in the front," he says. WTI is off 2.3% at $66.70 a barrel, and Brent is down 1.8% at $69.76 a barrel. (anthony.harrup@wsj.com)

(END) Dow Jones Newswires

March 06, 2025 04:20 ET (09:20 GMT)

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