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BAKKEN WIRE
The Afternoon Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire StaffΒ·πŸŒ…Afternoon WireΒ·
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Energy Market Briefing October 4, 2026

1. Headlines

Markets are closed today with WTI flat at $91.11 and Brent at $102.25, according to price data. However, the dominant narrative centers on a deepening global diesel crisis. OilPrice.com reports that China has suspended all fuel exports this month to supply its domestic market, compounding existing pressures. Simultaneously, President Donald Trump has demanded Germany and France release 120 million barrels of diesel from strategic storage or face a U.S. diesel export ban. Data from Vortexa, cited by OilPrice.com, shows European diesel imports in September were the lowest on record for that month, down 600,000 barrels per day from September 2025.

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