The energy market on September 21, 2026, faced a decline in the prices of most crude oil indices. North Sea Brent crude was priced at $101.81 per barrel, West Texas Intermediate (WTI) at $94.02, and Iranian light crude oil was traded at $101.16. Meanwhile, Iranian heavy crude oil was sold at $99.06.
Decrease in Crude Oil Prices and OPEC Basket
Brent crude experienced a decrease of 2.02% in the latest inquiry. Additionally, West Texas Intermediate also fell by 1.51% to $94.02. In the Iranian market, Iranian light and heavy crude oil recorded daily decreases of 2.02%, respectively. The OPEC basket also showed a similar decline, priced at $100.86.
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Increase in Prices of Some Refinery Products
In contrast, some refinery products took a different path in today's market. For example, light naphtha from the Persian Gulf increased by 1.15% to $645 per ton. Additionally, LPG was traded at $590 per ton, reflecting a 1.40% increase. Jet fuel and kerosene each faced a 0.60% increase. Vacuum bottom or export bitumen also rose by 0.80% to $365 per ton. Alongside these increases, heavy refinery lube cut also saw a price increase of 0.20%.
On the other hand, Gulf 10ppm diesel decreased by 1.52% to $1,486.25 per ton, and fuel oil also faced a decline of 0.85%. In the energy sector, Henry Hub natural gas recorded a decrease of 1.30%, priced at $2.87 per MMBtu.
Analysis of the Oil and Refinery Products Market
Today's data presents a dual picture of the energy market. While the main crude oil indices, including Brent, WTI, Iranian light and heavy crude oil, and the OPEC basket are in a declining range, several refinery products such as naphtha, LPG, and jet fuel have seen price increases. This difference in price trends indicates that crude oil and refinery products do not necessarily move in the same direction, and supply and demand conditions can have varying impacts on the price of each product.
In the Iranian market, changes in the prices of exported crude oil and petroleum products are of particular importance to companies active in refining, petrochemicals, and energy exports. However, the final effect of global price changes on company performance also depends on factors such as exchange rates, sales volume, product mix, and production costs.
In the short term, movements in Brent and WTI prices continue to be considered important indicators of the energy market. Additionally, price changes in products such as naphtha, diesel, and LPG may also be significant for players in the refining and petrochemical industry. Overall, today's data indicates that the energy market does not move in a uniform direction, and monitoring crude oil, refinery products, and natural gas simultaneously is more important for assessing future trends.
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