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 Staffยท๐Ÿ”†Midday Wireยท
Listen
0:00 / 6:02

Daily Energy Market Briefing

September 12, 2026

1. Headlines

Global crude benchmarks are down sharply today. As of midday, WTI crude is trading at $100.05, a drop of $2.43 (-2.37%), while Brent sits at $104.61, down $3.02 (-2.81%), according to price data. Natural gas is flat at $2.83. This price pullback follows a week of significant gains, which Rigzone reported as the biggest weekly gain since July, driven by Middle East conflict and supply risks.

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

Afternoon Energy Market Briefing Tuesday, October 27, 2026 1. Headlines Oil prices are down today, with WTI crude closing at $100.17, a drop of 1.56% or $1.59. Brent crude followed, falling 0.91% to $109.73. The sell-off occurred despite a reported drawdown in U.S. crude oil inventories. According to the American Petroleum Institute (API), commercial crude stocks fell by 2.031 million barrels for the week ending October 23, though this was a smaller draw than the prior week's 4.93 million barrel decrease. Distillate inventories, which include diesel, rose by a modest 380,000 barrels. Market attention is split between ongoing Middle East tensions and the structural tightness in global diesel markets. A fire near Saudi Arabia's critical Ras Tanura oil export terminal was contained, according to a single unnamed source cited by Rigzone. Elsewhere, analysts continue to warn that the global diesel crisis is set to persist well into 2027, citing damaged...

๐ŸŒ…Afternoon WireยทOct 27
Global Markets

Indian Diesel Export Surge to Impact Global Markets, Bakken

A surge in diesel exports from India is poised to hit global markets next year, according to a report from Rigzone. The development is expected to ease a global diesel supply crunch as new refining capacity comes online. For Bakken operators, global diesel markets are a key factor influencing the price of the region's light sweet crude. The Bakken formation in North Dakota is a major producer of light oil, which is often refined into diesel and other distillates. Increased diesel supplies from India could put downward pressure on global distillate prices. This, in turn, can affect the refining margins for Bakken crude, potentially narrowing the price differentials that North Dakota producers receive versus global benchmarks like Brent. The timing of the increased exports, set for next year, provides a forward-looking market indicator for Bakken producers. While current diesel inventories and demand will dictate near-term pricing, the anticipation of greater...

๐ŸŒ…Afternoon WireยทOct 27
The Midday Take - Energy Market Briefing
Global Markets

Energy Market Briefing

DAILY ENERGY BRIEFING Tuesday, October 27, 2026 1. Headlines Oil prices are pulling back today after recently hitting a six-month high. As of midday, WTI crude is trading at $100.11, down $1.65, while Brent is at $109.53, down $1.21. The Bakken differential stands at a discount of $3.42 to WTI. According to Rigzone, the dip follows a meeting of senior officials from several countries in Tehran, suggesting the market is reacting to geopolitical diplomacy. The OPEC+ alliance is signaling no immediate change to its production strategy. Sources familiar with the plans told Reuters, via OilPrice.com, that key producers are expected to keep their output quotas unchanged for December when they meet this Sunday. This comes after the group completed a phased rollback of 1.65 million barrels per day of supply cuts in September. In other news, Saudi Arabia's Aramco is nearing agreement on a $10 billion loan from international banks,...

๐Ÿ”†Midday WireยทOct 27