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 / 6:29

Energy Market Briefing Monday, September 14, 2026

1. Headlines

Oil prices are surging this morning as a new supply disruption in the Middle East rattles global markets. According to OilPrice.com and Rigzone, Brent crude spiked to over $108 per barrel in Asian trading, with WTI following to over $103. The immediate catalyst is Saudi Arabia’s precautionary shutdown of its critical East-West oil pipeline following drone attacks launched from Iraq. This pipeline, with a capacity of roughly 4 million barrels per day, is the Kingdom's primary route to bypass the now largely closed Strait of Hormuz, exporting crude from the Red Sea port of Yanbu.

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

First Russian Diesel Shipment Nears US Port, Sparking Legal Debate and Bakken Concerns

A Malta-flagged tanker carrying nearly 40,000 metric tons of Russian ultra-low-sulfur diesel is scheduled to arrive at the Port of New York and New Jersey on November 7, according to OilPrice.com. The shipment is the first visible piece of a deal announced by President Donald Trump on October 9, which he said would start with 300,000 tons of diesel. The impending arrival has ignited a legal and political debate with direct implications for U.S. fuel markets and Bakken producers. While the Treasury Department issued OFAC General License 135 authorizing such imports through April 2027, legal experts question its validity against a Congressional statute. The Ending Importation of Russian Oil Act of 2022 codified a ban on Russian oil and fuel imports, including diesel. A president can only lift this statutory ban under specific conditions, including a Ukraine-accepted peace deal and advance notice to Congress—conditions not met, OilPrice.com reports. The deal...

🌅Afternoon Wire·Oct 29
The Midday Take - Energy Market Briefing
Global Markets

Energy Market Briefing

DAILY ENERGY BRIEFING | Thursday, October 29, 2026 1. Headlines Oil prices are retreating at midday. WTI crude is trading at $100.95, down $1.83 (-1.78%), while Brent crude is at $109.90, down $1.74 (-1.56%). Natural gas is also lower at $2.96. The Bakken differential to WTI is -$3.42. The stated reasons for the price pullback are twofold, according to market reports. First, France's Economy Minister Roland Lescure stated that Europe is set to release 42 million barrels of oil from strategic reserves over the next three months to ease prices (Rigzone). Second, traders are weighing geopolitical risks, including reports of a potential resumption of U.S. and Israeli military strikes on Iran, against the prospect of increased supply (Rigzone). In corporate and financial news, major oil companies are reporting robust earnings. Shell announced a $5 billion share buyback as refining profits surge, and Phillips 66 reported a Q3 net profit of...

🔆Midday Wire·Oct 29
Global Markets

Trafigura Secures $1.5B German Gas Deal, Highlighting Global LNG Demand

Global commodity trader Trafigura has signed a new five-year contract to supply natural gas to Germany's state-owned Securing Energy for Europe (SEFE), backed by a $1.5 billion loan agreement partly guaranteed by the German government. According to OilPrice.com, the deal will see Trafigura supply more than 150 terawatt-hours (TWh) of gas over the term, with the first delivery scheduled for November 1, 2026. The contract signals continued strong European demand for liquefied natural gas (LNG) and other gas supplies. Annual volumes under the new deal will increase to 30 TWh, up from approximately 23 TWh per year in the expiring contract. Frédéric Barnaud, SEFE’s chief commercial officer, stated, “Such partnerships strengthen our ability to source natural gas from a broad range of origins and reinforce our position as a reliable energy provider for our German and European customers.” Germany is actively building gas reserves ahead of winter amid concerns over...

🔆Midday Wire·Oct 29