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 / 4:09

Energy Market Briefing Tuesday, September 22, 2026

1. Headlines Oil prices are under significant pressure this morning, with WTI crude down 2.61% to $89.96 and Brent crude down 2.16% to $98.17, according to the price data. The immediate catalyst, as reported by OilPrice.com and Rigzone, is a renewed wave of diplomatic hope regarding the U.S.-Iran war. A senior Iranian government official told Japan’s Kyodo News agency that Iran has offered to reopen the Strait of Hormuz within seven days if the U.S. takes steps to ease its military blockade and pressure. This report, coupled with higher-than-expected Saudi oil shipments transiting the Strait, is driving the sell-off.

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

The Morning Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Headlines Crude is off the weekly high but not collapsing. WTI is $90.11, down $0.41 or 0.45%; Brent is $97.65, down $0.64 or 0.65%; natural gas is $3.00, up $0.05; and the Bakken differential is -$3.42 versus WTI. OilPrice.com reports that December WTI shed $11.37, or 11.10%, from its opening price of $102.39, hit a weekly high of $102.75, broke sharply to $86.65, and was trading near $91.58 early Friday. Rigzone’s Nov. 5 wire says crude rebounded after the sharp Iran-war selloff. Flagging a discrepancy: OilPrice.com’s early-Friday quote near $91.58 does not match the current $90.11 price in today’s data; that is a timing/contract difference, not a confirmed same-minute level. No EIA or API inventory release is in today’s provided data. Physical product signals point to more barrels moving out of the Gulf, but vessel availability is still the constraint. OilPrice.com, citing Reuters and LSEG, says Asia’s high-sulfur fuel...

☀️Morning Wire·Nov 6
Global Markets

Red Sea Risks, LNG Deals Shape Bakken Global Outlook

Global crude flows through the Red Sea and Suez/Bab el-Mandeb, together with new LNG supply commitments in India and rising Russian refinery subsidies, are shaping the market backdrop that Bakken operators and royalty owners watch. According to OilPrice.com, the Red Sea is now Saudi Arabia’s exit from the Strait of Hormuz, with crude carried by the East-West pipeline to Yanbu. The source reported Yanbu loaded about 2.5 million barrels per day in October and that those cargoes leave through Suez or Bab el-Mandeb. OilPrice.com said the Houthis seized more of Yemen’s Red Sea coast in September and are pushing toward the strait. It described the Gulf of Aden as a fragile venue, with two camps facing off for control of the Red Sea access point: one containing Israel and the UAE in Somaliland, and the other Turkey. The outlet reported Israel’s security establishment is referring to a Turkish-led defense bloc...

☀️Morning Wire·Nov 6
The Afternoon Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Energy Market Briefing Thursday, November 5, 2026 1. Headlines Oil prices staged a sharp rebound today after a brutal midweek selloff. As of this afternoon, WTI crude is at $91.07, up $2.95 (3.35%), and Brent crude is at $99.02, up $4.40 (4.65%). This recovery follows Wednesday's dramatic plunge, where Brent fell 8.7% and WTI fell 8.3% to their lowest settlements since August 31, according to OilPrice.com. The initial selloff was widely attributed by market reports to the Democratic sweep of both chambers of Congress in the U.S. midterm elections, which fueled speculation of increased political pressure on President Trump to end the eight-month war with Iran. The earnings season continues to highlight robust financial performance from majors amid high prices. ConocoPhillips reported today that it more than doubled its third-quarter profit to $4 billion and raised its quarterly dividend by 11%, as cited by OilPrice.com. The company noted that higher...

🌅Afternoon Wire·Nov 5