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

Energy Market Briefing

Bakken Wire Staff·🔆Midday Wire·
Listen
0:00 / 5:53

DAILY BRIEFING: WEDNESDAY, SEPTEMBER 9,132026

1. HEADLINES

Oil prices are sharply higher today, with Brent crude breaking above $100 per barrel for the first time since July and WTI trading above $96. Rigzone reports the move is driven by fresh Middle East strikes heightening concerns about global supply disruptions. HSBC analysts have significantly raised their oil price forecasts, increasing their 2026 forecast by $10 per barrel and their 2027 forecast by $20 per barrel.

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

Global Markets

Ukraine Strikes Russian Black Sea Oil Port, California Heat Strains Grid

Ukraine carried out drone strikes on Russia's key Black Sea oil export terminal at Novorossiysk overnight on Wednesday, killing four people and sparking a fire at a fuel oil terminal, according to a report from OilPrice.com. The attack marks the latest in a series of Ukrainian strikes over the past year aimed at stifling Russian oil exports and revenues. The report notes that some past attacks have caused damage requiring the temporary suspension of oil loadings at Novorossiysk and the nearby Caspian Pipeline Consortium (CPC) terminal, which handles more than 80% of Kazakhstan's crude exports. Simultaneously, a severe heat wave in California is testing the state's power grid, with the California Independent System Operator (CAISO) forecasting peak electricity demand to approach 47,379 megawatts on Wednesday, according to a separate OilPrice.com report. Soaring air-conditioning demand is lifting wholesale power prices in the state, with Southern California's SP15 hub seeing day-ahead prices...

🔆Midday Wire·Sep 9
The Morning Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Energy Market Briefing Wednesday, September 9, 2026 1. Headlines Oil prices surged today, with Brent crude breaking the $100 per barrel mark for the first time since late July. As of this morning, Brent traded at $100.42, up $2.50, while WTI rose $2.04 to $95.07. The rally is being widely attributed to a sharp re-escalation of hostilities between the U.S. and Iran. According to reports from OilPrice.com and Rigzone, U.S. forces destroyed five Iranian crude oil carriers in the Gulf of Oman and near Kharg Island late Tuesday. Iran retaliated by firing ballistic missiles toward Jordan. Analysts at ING stated these developments reinforce the view that a restart in U.S.-Iran talks is unlikely soon, with the market pricing in a "sizeable risk premium." Concurrently, industry leaders at the APPEC conference in Singapore are warning of a deepening global diesel crisis. Executives from Vitol Group and Kuwait Petroleum Corporation stated that...

☀️Morning Wire·Sep 9
Global Markets

Global Diesel Demand, OPEC Quota Battle Signal Volatile Market for Bakken

Global diesel demand is hitting record highs while OPEC faces internal pressure to raise production, creating a volatile and complex price environment for Bakken crude. The competing forces of strong fuel demand and potential future supply increases will directly impact the economics for operators and royalty owners in North Dakota. India’s refineries have been running at 105% to 108% capacity utilization for the past six months amid soaring diesel demand, according to OilPrice.com. A senior executive at Mangalore Refinery and Petrochemicals Limited (MRPL) stated at a Singapore conference that the company will continue to run its 300,000 barrel-per-day refinery above 100% capacity until at least March 2027. This surge is driven by a global crunch in middle distillate supply, exacerbated by the ongoing Middle East crisis and Ukrainian drone attacks on Russian refineries. The result has been diesel cracks—the profit margin from refining crude into diesel—hitting all-time highs. Analysts cited...

☀️Morning Wire·Sep 9