Global Energy Roundup: Market Talk

Dow Jones03-24

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

0623 GMT - U.S. Treasury yields rise in Asian trade as oil prices rise again and uncertainties regarding the resolution of the Middle East war linger despite President Trump's signal to de-escalate the war soon. Yields rise faster at the short end of the curve, suggesting that investors are more worried about the potential inflationary impact of the war than about growth risks. Money markets currently price in no changes in the Federal Reserve's fed funds target range, according to LSEG data. The two-year Treasury yield rises 6.8 basis points to 3.897%, while the 10-year yield is up 4.4 basis points at 4.379%, according to Tradeweb. (emese.bartha@wsj.com)

0516 GMT - Energy shortage may not be a big concern for China in the near term, Nomura analysts say in a research note. Coal still accounts for more than half of China's domestic energy mix and provides a reliable domestic energy backstop, they say, adding that Beijing could ramp up domestic coal production in the coming weeks. China's resilient renewable energy expansion also strengthens its resilience, they add. China's limited fuel price hike also shows Beijing's efforts to cushion the oil price shock, they say. China's top economic planner announced a price hike of 1,160 yuan a ton for gasoline and 1,115 yuan a ton for diesel, which is around half the increase from a regular pricing mechanism, the analysts add.(sherry.qin@wsj.com)

(END) Dow Jones Newswires

March 24, 2026 02:23 ET (06:23 GMT)

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