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

Energy Market Briefing

Bakken Wire Staff·☀️Morning Wire·
Listen
0:00 / 5:13

Energy Market Briefing Saturday, August 29, 2026

1. Headlines

Oil prices are slightly lower in quiet trading to end the week. WTI crude is at $83.40, down $0.13, while Brent trades at $88.10, down $0.42. The Bakken differential to WTI stands at -$3.42. According to the EIA's latest weekly report cited by Rigzone, U.S. commercial crude oil inventories, excluding the Strategic Petroleum Reserve, stood at 428.9 million barrels as of August 21.

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 Morning Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Energy Market Briefing Tuesday, October 13, 2026 1. Headlines Oil prices are retreating this morning after recent gains, with Brent crude trading at $105.18, down $1.47, and WTI at $92.54, down $1.20. According to reports from OilPrice.com and Rigzone, the pullback follows reassurances from Saudi Energy Minister Prince Abdulaziz bin Salman, who stated the Kingdom's energy supply remains resilient and that Riyadh is the "capital of energy security." This comes amid headlines of escalating regional conflict, including Saudi Arabia intercepting Houthi ballistic missiles early Tuesday. Market attention remains split between Middle East tensions and hopes for a Russia-Ukraine energy ceasefire. On the supply side, Japan is taking legislative action to compensate its oil importers for high shipping costs incurred by diversifying away from the closed Strait of Hormuz, as reported by OilPrice.com. Meanwhile, Rigzone reports that some oil carriers linked to Japan are tentatively returning to pick up Middle East...

☀️Morning Wire·Oct 13
The Afternoon Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Afternoon Energy Market Briefing Monday, October 12, 2026 1. Headlines Crude oil markets are advancing today, with WTI up 1.54% to $93.26 and Brent up 1.29% to $106.07, according to price data. Natural gas is slightly lower at $3.17. The Bakken crude differential stands at a discount of $3.42 per barrel to WTI. The legal and political battle over the Dakota Access Pipeline (DAPL) is back in the news. A new federal lawsuit filed by the Standing Rock Sioux Tribe, as reported by Native News Online, challenges the Army Corps of Engineers' recent approval of a new easement for the pipeline. An opinion piece in the Inforum sharply criticizes the lawsuit as "an absurdity," arguing that the pipeline's nearly decade of safe operation has empirically answered all safety questions. In other developments, North America added rigs for the third consecutive week, per Baker Hughes data cited by Rigzone. Separately, a...

🌅Afternoon Wire·Oct 12
Global Markets

China's Auto Market Slump, Export Surge Signal Pressure for Bakken Oil Demand

A severe slump in China's domestic auto market and a parallel explosion in its electric vehicle exports present a mixed but concerning outlook for long-term global oil demand, according to industry data released Monday. For Bakken operators, the trends underscore the persistent pressure from the transition to electric transportation on the world's largest oil-importing nation. Data from the China Passenger Car Association (CPCA) shows retail sales of passenger vehicles in China plunged 28% in September compared to a year earlier, to 1.62 million units. This marks the 12th consecutive month of annual declines. The CPCA report stated that "high oil prices" are significantly impacting fuel vehicles and continuing to accelerate the pace of 'oil-electric substitution.' Electric cars and plug-in hybrids now dominate the shrinking market, accounting for 67% of all passenger-car sales in September. However, sales of these new-energy vehicles still fell 17% year-over-year to 1.08 million units, highlighting a...

🌅Afternoon Wire·Oct 12