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

Energy Market Briefing

Bakken Wire Staff·☀️Morning Wire·
Listen
0:00 / 5:42

Date: Tuesday, September 8, 2026

1. Headlines

Oil prices surged today, with Brent crude nearing $99 per barrel and WTI topping $94. According to reports from OilPrice.com, this rally is being driven by fresh attacks on several Saudi energy facilities in the Kingdom's southern region, which caused fires, injuries, and temporary operational halts. The attacks, attributed to Houthi forces, specifically targeted the 400,000-barrel-per-day Jazan refining complex, adding immediate supply risk to an already tense market.

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 Markets

Global Refined Product Squeeze Tightens Market for Bakken Crude

Global fuel markets are extremely tight with diesel supply shortages expected to last through winter, according to industry executives. This environment supports sustained demand for Bakken crude, a key feedstock for U.S. refineries running at near-maximum capacity. Russell Hardy, CEO of the world's largest independent oil trader Vitol Group, stated the market is "pretty, pretty tight and inflexible." He made the remarks Tuesday at the Asia Pacific Petroleum Conference in Singapore, according to OilPrice.com. Hardy noted that globally, refined product inventories are "still drawing" due to insufficient refining capacity. The crunch is particularly acute for diesel. Phillips 66’s senior vice president for global trading, Mark Senn, said, "When you're looking forward to a winter season coming where diesel stocks are quite deficit, you're setting up for an environment where that strength could continue." U.S. diesel prices have topped $5.90 per gallon this month, Reuters reported via OilPrice.com. Supply disruptions are...

☀️Morning Wire·Sep 8
The Afternoon Take - Energy Market Briefing
Global Markets

Energy Market Briefing

ENERGY MARKET BRIEFING Monday, September 7, 2026 1. HEADLINES Oil prices held steady today, with WTI flat at $91.48 and Brent at $96.28. The Bakken differential to WTI was -$3.42. The most prominent price-related news comes from an analyst call: Goldman Sachs Group Inc. flagged the risk of oil rallying to as much as $120 a barrel if attacks on shipping in the Middle East increase, according to Rigzone. The geopolitical landscape is active. Ukraine restarted attacks on refineries deep inside Russia, hitting oil processing plants in Russia's Perm region and Tatarstan overnight (Rigzone). On the diplomatic front, Iran and Oman are reportedly in the final stages of negotiating a deal that will include details on a temporary safe route through the crucial Strait of Hormuz (Rigzone). Separately, Russia’s Ambassador to India vowed that Russia will remain a key crude oil supplier to India despite the threat of U.S. legislation...

🌅Afternoon Wire·Sep 7
Global Markets

Russian Oil Flow to India Faces Tariff Threat, Ukrainian Attacks

Russia has vowed to remain India's key crude oil supplier despite a U.S. legislative push to impose heavy tariffs on buyers of Russian oil, according to an interview published Monday by OilPrice.com. Russia's Ambassador to India, Denis Alipov, criticized the proposed U.S. legislation as a "bill from hell" that uses "pressure tactics instead of honest cooperation." The bill, which passed the Senate 86-11, would grant the U.S. President authority to impose 100% tariffs on major buyers of Russian oil and gas, but it is currently deadlocked in the House of Representatives. Analysts cited by OilPrice.com say it is unlikely the tariff bill will pass the House before the mid-term elections in November. Ambassador Alipov asserted Russia's ongoing role in the market, stating, "The world will not cope if Russian oil is excluded. The energy markets cannot afford that. Russian oil will stay in the market for India and other countries."...

🌅Afternoon Wire·Sep 7