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 / 6:29

Energy Market Briefing Saturday, September 12, 2026

1. Headlines

Oil prices are retreating sharply this morning after a strong weekly gain, with Brent crude down 2.81% to $104.61 and WTI down 2.37% to $100.05, according to price data. The sell-off follows a week dominated by supply risk concerns, with Rigzone reporting oil posted its biggest weekly gain since July due to Middle East conflict and mounting 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 Morning Take - Energy Market Briefing
Global Markets

Energy Market Briefing

DAILY ENERGY BRIEFING Tuesday, October 27, 2026 1. Headlines Oil prices are retreating from recent highs. According to Rigzone, oil dipped from a six-month high as senior officials from several countries flew to Tehran for talks. As of this morning, WTI crude is trading at $101.07, down $0.69, while Brent is at $109.93, down $0.81. Natural gas is up marginally to $3.03. The dominant theme in today’s news is a major potential shift in U.S. energy regulation. OilPrice.com reports that the Trump Administration is set to announce the easing of federal methane regulations for oil and gas producers, with a focus on providing relief for small marginal wells producing below 15 barrels of oil equivalent per day. An unnamed Administration official told Bloomberg that the EPA is also expected to scrap the Methane Super Emitter Program. EPA Administrator Lee Zeldin is quoted stating the agency aims to address "widespread concerns"...

☀️Morning Wire·Oct 27
Global Markets

India Shifts From Russian Oil as Global Markets Test Bakken

The Bakken formation is North Dakota's primary oil-producing region, and its producers sell into a global crude market that is being reshaped by Asian buying patterns and geopolitical risk. Rigzone reported on Oct. 26 that Indian refiners are increasingly turning to Persian Gulf crude and pulling back from their mainstay supplier, Russia. OilPrice.com reported Tuesday that India’s purchases of Russian crude are linked to pricing, discounts and import costs. India remains the world’s third-largest crude oil importer, according to OilPrice.com. Indian Oil Minister Hardeep Singh Puri said the United States has not pressured India to cut crude imports from Russia. “I never felt anything,” Puri said, as carried by Reuters and reported by OilPrice.com. Puri said Indian refiners are buying higher volumes of Middle Eastern crude because availability has increased and pricing is more favorable compared with Russian grades. “Whatever people say or do, ultimately it is anchored in their...

☀️Morning Wire·Oct 27
The Afternoon Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Energy Market Briefing Monday, October 26, 2026 1. Headlines Oil prices are lower this afternoon, with WTI crude down 1.9% to $101.31 and Brent crude down 1.34% to $110.20, according to price data. The Bakken crude differential stands at -$3.42 against WTI. The primary focus in financial headlines is a politically sensitive gasoline price milestone: Reuters, citing AAA data, reports that the average price of regular gasoline during President Trump's current term has now marginally surpassed the average during President Biden's tenure, reaching $3.472 versus $3.471 per gallon. The national average as of today is approximately $4.29, driven largely by the ongoing conflict with Iran which began in February. Geopolitical developments are active. According to reports from Rigzone and OilPrice.com, Saudi Arabia's defence minister led a delegation to Tehran on Monday for de-escalation talks, coinciding with a separate meeting involving top security officials from Saudi Arabia, Pakistan, and Turkey with...

🌅Afternoon Wire·Oct 26