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

0733 GMT - Yields on U.K. government bonds, or gilts, rise as accelerating oil prices raise concerns about inflation and the possibility of interest-rate rises by the Bank of England. Brent crude climbs 3.6% to $103.8 a barrel. Markets price in an 83% chance of a BOE rate increase in November and fully expect four rate hikes by September 2027, LSEG data show. Ten-year gilt yields rise 4 basis points to last trade at 5.483%, Tradeweb data show. (miriam.mukuru@wsj.com)

0731 GMT - Shell's third-quarter adjusted earnings should rise 14% quarter-on-quarter to $11.2 billion, HSBC analyst Kim Fustier writes. The British energy major's quarterly performance update contained few surprises, with very strong refining margins and robust oil and gas trading being the key elements, she says. The record margins will more than offset a fall in refinery utilization rates, she adds. Shares trade 1.1% higher at 3,688 pence.(adam.whittaker@wsj.com)

0653 GMT - Bitcoin falls to a two-and-a-half-week low following declines in U.S. stocks overnight as Treasury yields rise and oil prices rally amid ongoing conflict in the Middle East. Bitcoin's correlation to U.S. equities is rising while the surge in yields along with the dollar creates a difficult environment for speculative assets that depend heavily on liquidity and lower real yields adjusted for inflation, Zaye Capital Markets analyst Naeem Aslam says in a note. "The immediate direction depends less on crypto-specific headlines and more on whether Treasury yields, the dollar and inflation expectations begin to ease." Bitcoin falls 0.9% to $82,683, having earlier reached as low as $82,265, LSEG data show.(renae.dyer@wsj.com)

0649 GMT - After promising industrial production data and encouraging recent sentiment indicators, weaker German export data undermine the recent narrative of German industrial resilience, ING's Carsten Brzeski says in a note. "While German exporters benefited from Asian competitors being hit harder by the closure of the Strait of Hormuz in the second quarter, the third quarter so far has been a setback," he says. Exports declined 0.8% on month in August, after a 0.5% fall, which taken together could also be a sign of low water levels in Germany's rivers affecting the economy. France's fiscal difficulties could raise further trouble ahead. France accounts for more than 7% of German exports, meaning economic weakness there is unlikely to leave Germany unscathed, Brzeski says. (edward.frankl@wsj.com)

0618 GMT - PTT Exploration & Production's earnings stand to benefit from likely increases in oil prices, CGS International's Amornrat Cheevavichawakul says in a research report. The 'Dated Brent' crude price has stayed above $120.00 a barrel this week, which probably reflects risk premium embedded in physical spot cargoes, the analyst says. Geopolitical risks in the Middle East could keep Brent crude prices elevated in 4Q. Also, the need to rebuild depleted oil inventories could provide further support to oil prices. The brokerage lifts its 2026-2028 EPS forecasts for the Thai petroleum explorer and producer by 7.0%-12.4%. It raises the stock's target price to 175.00 baht from 165.00 baht with an unchanged add rating. Shares are 1.0% higher at 148.50 baht.