WTI Crude--
Brent Crude--
Natural Gas--
ND Rig Count--
WTI Crude--
Brent Crude--
Natural Gas--
ND Rig Count--
The Afternoon Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·🌅Afternoon Wire·
Listen
0:00 / 5:26

Afternoon Energy Market Briefing for Bakken Wire Date: Saturday, August 29, 2026

1. Headlines

Oil prices are marginally lower in a quiet trading session. WTI crude is down 0.16% to $83.40, while Brent crude fell 0.47% to $88.10. The Bakken differential to WTI is stable at -$3.42. Natural gas is also slightly down, trading at $2.89. The EIA's latest weekly report, published yesterday, showed U.S. crude oil inventories (excluding the SPR) rose slightly to 428.9 million barrels as of August 21.

Create a free account to continue reading

Sign up for free to get full access to Bakken Wire's daily energy market analysis, audio briefings, and more.

Create Free Account

Already have an account? Sign in

Share this article

Related Articles

The Afternoon Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Daily Energy Market Briefing Tuesday, October 13, 2026 1. Headlines Oil prices are mixed today, with WTI crude rising 1.14% to $94.81 while Brent crude dipped slightly to $106.37, according to the provided data. Natural gas posted a solid gain, up $0.16 to $3.32. The Bakken differential to WTI stands at -$3.42. The day's price action is being framed against a backdrop of intensifying supply risks, with Rigzone reporting Brent recently topped $106 amid escalating Middle East tensions and uncertainty over a Russia-Ukraine energy truce. Market analysts are drawing parallels to past volatility. Analysts at J.P. Morgan suggested October is beginning to look a lot like April for the oil market, a period typically marked by shifting fundamentals and price swings. Meanwhile, GasBuddy flagged a "fragile calm at the pump" for U.S. gasoline consumers, indicating retail stability may be tenuous. On the corporate front, several majors reported financial moves: BP...

🌅Afternoon Wire·Oct 13
Global Markets

Equinor Signs New European Gas Deal, Reinforcing LNG Competition for Bakken

Equinor has signed a new contract to supply Norwegian natural gas to the Netherlands, according to a report from Rigzone. This marks the third supply agreement the Norwegian energy giant has inked with European buyers this year. The report, published Tuesday, states that Equinor and Dutch energy company Eneco have now signed three agreements in 2026 for gas supply to the Netherlands and Germany. While the specific volumes and terms were not disclosed, the continued locking-in of long-term European supply contracts has direct implications for the global gas market. For Bakken operators, a stable European market for liquefied natural gas (LNG) is crucial for monetizing the formation's associated gas production. A significant portion of Bakken gas that is not used locally or piped to U.S. markets is ultimately destined for LNG export facilities on the Gulf Coast. These exports compete directly with pipeline gas from suppliers like Norway. The reinforcement...

🌅Afternoon Wire·Oct 13
The Midday Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire — Midday Energy Briefing Tuesday, October 13, 2026 1. Headlines Crude is mixed in today’s data: WTI $93.94, +$0.20 (+0.21%); Brent $105.72, -$0.93 (-0.87%); natural gas $3.25, +$0.08. The Bakken differential is -$3.42 vs. WTI. That is a small move, but the direction matters: Brent is down after Rigzone’s late Monday wire said “Brent Tops $106 as Supply Risks Intensify.” The pullback suggests the market is trimming an overnight geopolitical premium rather than confirming a physical supply outage. The data packet does not include EIA or API inventory releases, so today’s WTI gain cannot be tied to a confirmed U.S. stock draw. The main oil driver is the Middle East. OilPrice.com reports Houthi attacks threatening Saudi oil infrastructure and Gulf shipping, a protracted shutdown at Riyadh airport, and missile strikes on tankers seeking to transit Hormuz. OilPrice.com also says the Trump administration’s Russia diesel deal has failed...

🔆Midday Wire·Oct 13