Rebecca Babin

So that's one of the key differences here.

But in the meantime, we have seen, uh, Rebecca Babin from, um, CIBC Private Wealth is telling me that we saw the, the, the, uh, the call premiums relative to puts have fallen significantly.

So she said what traders are really watching here is more move to the downside rather than to the upside.

Um, what does this do to Europe's s- stockpiles when they do release? How, how much of a draw is it?

Quote, it would drastically increase diesel prices to Europe and Latin America.

So, noted senior energy trader Rebecca Babin.

Listen, what happened to America first? Anybody? No, we were just kidding.

We were just politicians saying what politicians say in order to get your vote, right? Don't look at my porch over there.

it's real

life.

Senior energy trader Rebecca Babin.

For example, the US provides Mexico with 96% of its imported diesel and the UK with 30% of theirs.

Allegedly, we're a free market economy here.

While the U.S. ban on diesel exports might bring some relief to diesel prices in the short term, its longer-term consequences could potentially be devastating, said Rebecca Babin, a senior energy trader and managing director at CIBC Private Wealth.

it would be very negative for U.S. refiners and would push global energy prices higher, hitting U.S. prices as well, because the country does not domestically produce all of the fuels and crude products that it needs, she said.

With an export ban in place, U.S. refiners would likely drop their diesel production significantly, but the U.S. would still need to import certain grades of gasoline and other fuels, Babbitt said.