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

Energy Market Briefing

Bakken Wire Staff·🌅Afternoon Wire·
Listen
0:00 / 3:48

Afternoon Energy Market Briefing
Tuesday, November 10, 2026

1. Headlines

Global crude benchmarks are down slightly today, with WTI at $86.47 (-0.44%) and Brent at $92.03 (-0.58%), according to the provided price data. Market reports from Rigzone and OilPrice.com attribute the retreat to growing diplomatic hopes regarding the Iran conflict. Rigzone reports that "crude extended its decline as diplomatic hopes and recovering Persian Gulf oil flows weighed on prices," while a separate Rigzone article notes that President Trump is "keen to pursue diplomacy with Iran and wind down the war" following Qatari mediation.

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

PostShareShareEmail

Related Articles

Global Coal Volatility Adds Pressure to Energy Market Outlook for Bakken - Bakken Wire
Global Markets

Global Coal Volatility Adds Pressure to Energy Market Outlook for Bakken

The Bakken formation is North Dakota's primary oil-producing region, and operators here are watching a widening set of global energy market signals as coal trade disruptions, policy uncertainty and elevated thermal coal prices shape demand expectations. OilPrice.com reported Tuesday that China's coal importers are resisting attempts by Indonesian exporters to include waiver clauses in new supply contracts. According to OilPrice.com, sources familiar with negotiations told Bloomberg that Indonesian exporters want to be freed from strict delivery volumes if the Indonesian government again restricts export or output quotas. Indonesia is the world's biggest exporter of thermal coal, according to OilPrice.com. The publication said Indonesia changed production and export policies several times this year, stifling international shipments and forcing China, the world's top coal consumer, to adjust import flows and domestic production. OilPrice.com reported Indonesian thermal coal exports have been crimped by government production quotas and heightened uncertainty in the coal mining...

🔆Midday Wire·Nov 10
The Morning Take - Energy Market Briefing
Global Markets

Energy Market Briefing

DAILY ENERGY BRIEFING Tuesday, November 10, 2026 1. Headlines Oil prices are sharply lower today, with Brent crude falling below $90 per barrel for the first time since August. As of early morning trading, Brent is at $90.26, down 2.5%, and WTI is at $85.06, down 2.06%, according to price data. The sell-off is attributed by sources including OilPrice.com and Rigzone to renewed hopes for diplomatic progress in the Middle East, specifically following comments from U.S. President Donald Trump signaling restraint on Iran and a meeting with Qatar's prime minister. In corporate news, ADNOC Gas reported a significant quarterly profit recovery, with net income doubling to $1.34 billion in Q3 from the previous quarter, according to OilPrice.com. However, a conflicting report from Rigzone states the profit was flat year-over-year, as high prices offset lower sales volumes due to ongoing Strait of Hormuz disruptions. Separately, Saudi shipping giant Bahri confirmed it...

☀️Morning Wire·Nov 10
Global Markets

China's October Oil Imports Surge, Offering Potential Demand Signal for Bakken

China, the world's largest crude oil importer, significantly increased its purchases last month, a move that could provide a floor for global oil prices and benefit North Dakota producers. According to data from Kpler and official customs reports, China's seaborne crude imports rose 12% in October from September, with total crude imports reaching 9.88 million barrels per day—the highest level since March, OilPrice.com reported. The October import average represented a 9.4% monthly increase. Despite this rebound, the total volume remained 13.3% below imports for October 2025. For the first ten months of 2026, China's oil imports are 15.1% lower than the same period in 2025, according to the source. Since a war involving the U.S., Israel, and Iran began in late February, China has drawn heavily from its massive 1.3-billion-barrel inventory to avoid paying prices that jumped above $100 per barrel. This strategy led to a decade-low import level in...

☀️Morning Wire·Nov 10