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BAKKEN WIRE
The Midday Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·🔆Midday Wire·
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Daily Energy Market Briefing Tuesday, September 22, 2026

1. Headlines

Oil markets are mixed today as geopolitical and logistical developments create crosscurrents. According to multiple reports from OilPrice.com and Rigzone, Saudi Arabia has restarted its critical East-West pipeline, which had been shut down earlier this month following drone attacks. The pipeline, which can carry up to 4 million barrels per day (bpd) from the Persian Gulf to the Red Sea port of Yanbu, is reportedly running at a low initial rate, with full capacity expected to take weeks to restore. This news initially pressured prices, with Brent crude dipping to a two-week low near $98 before rebounding. Meanwhile, Rigzone reports that oil also fell on Monday due to increased Saudi exports through the Strait of Hormuz and growing hopes for diplomatic progress in the ongoing U.S.-Iran conflict.

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