Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Rebecca Babin"


22 mentions found


Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCIBC's Rebecca Babin on oil outlook for a second Trump presidencyRebecca Babin, CIBC Private Wealth senior energy trader, joins 'Squawk Box' to discuss oil outlook ahead of the opening bell on Thursday.
Persons: Rebecca Babin, Trump Organizations: CIBC Private Wealth
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExcess OPEC capacity keeping oil prices from spiking after Iran attack, says CIBC's Rebecca BabinRebecca Babin, CIBC Private Wealth senior energy trader, joins 'Squawk Box' to discuss oil price trends, impact of Iran's ballistic missile attack on Israel, Saudi oil minister's warning to fellow OPEC members, and more.
Persons: CIBC's Rebecca Babin Rebecca Babin Organizations: CIBC Private Wealth Locations: Iran, Israel, Saudi
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBabin: 2025 will be ugly for the oil markets as demand dynamics shiftRebecca Babin, Senior Energy Trader at CIBC Private Wealth, discusses oil prices in response to the summer driving season and Hurricane Beryl.
Persons: Rebecca Babin Organizations: Senior Energy, CIBC Private Wealth
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMay see some unwinding of tail hedges on oil prices, says Rebecca BabinRebecca Babin, Senior Energy Trader at CIBC Private Wealth, discusses Iran's strike on Israel and the impact on oil prices.
Persons: Rebecca Babin Rebecca Babin Organizations: Senior Energy, CIBC Private Wealth Locations: Israel
The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. Brent crude futures were down 60 cents, or 0.7%, at $79.98 a barrel. U.S. West Texas Intermediate (WTI) crude futures lost 68 cents, or 0.9%, to $74.86. OPEC+ is looking at deepening oil production cuts despite its policy meeting being postponed to this Thursday, an OPEC+ source said on Monday. The Middle East crisis had impacted oil prices as investors worried about impacts on supply.
Persons: Angus Mordant, Rebecca Babin, Goldman Sachs, Arathy Somasekhar, Paul Carsten, Florence Tan, Mohi Narayan, Peter Graff, Mark Potter, Tomasz Janowski, Cynthia Osterman, David Gregorio Our Organizations: REUTERS, HOUSTON, Brent, . West Texas, Organization of, Petroleum, Reuters, Saudi, CIBC Private Wealth, ING, OPEC, United, International Energy Agency, Qatar, Hamas, U.S . Commodity Futures Trading Commission, Thomson Locations: Loving County , Texas, U.S, Saudi, Russia, OPEC, Saudi Arabia, United Arab Emirates, Iraq, Turkey, United States, Gaza, Houston, London
The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. Brent crude futures were down 60 cents, or 0.7%, at $79.98 a barrel, while U.S. West Texas Intermediate (WTI) crude futures lost 68 cents, or 0.9%, to $74.86. "We still expect an extension of the unilateral Saudi and Russia cuts through at least the first quarter of 2024," the bank added. Higher crude stockpiles in the United States have also put downward pressure on prices, analysts said. The Middle East crisis had impacted oil prices as investors worried about impacts on supply.
Persons: Angus Mordant, Rebecca Babin, Goldman Sachs, Arathy Somasekhar, Paul Carsten, Florence Tan, Mohi Narayan, Peter Graff, Mark Potter, Tomasz Janowski, Cynthia Osterman Organizations: REUTERS, HOUSTON, Brent, U.S, West Texas, Organization of, Petroleum, Reuters, Saudi, CIBC Private Wealth, ING, OPEC, United, International Energy Agency, Qatar, Hamas, Thomson Locations: Loving County , Texas, U.S, Saudi, Russia, OPEC, Saudi Arabia, United Arab Emirates, Iraq, Turkey, United States, Gaza, Houston, London
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're not seeing the oil inventory draws that we've seen despite robust supply: CIBC's Rebecca BabinRebecca Babin, CIBC Private Wealth senior energy trader, joins 'Squawk Box' to discuss the state of the oil market after prices slid to their lowest levels in months, the impact of waning demand in the U.S. and China, and more.
Persons: we've, Rebecca Babin Rebecca Babin Organizations: CIBC Private Wealth Locations: U.S, China
"The most serious outcome for crude is that the conflict escalates into a more devastating proxy war which could affect crude supply," said Rebecca Babin, senior energy trader at CIBC Private Wealth US. Israel's port of Ashkelon and its oil terminal have been shut in the wake of the conflict, sources said. Goldman Sachs said the conflict reduced the likelihood of normalization of Israel's relations with Saudi Arabia, and the associated boost to Saudi production over time. The conflict is likely to lead to higher volatility and speculation in oil markets, the CEO of Brazil's Petrobras (PETR4.SA) said. High oil price due to the conflict could bolster inflation, analysts said, forcing rate hikes that could dampen demand.
Persons: recouping, Brent, WTI, Israel, Rebecca Babin, Agustin Marcarian, Goldman Sachs, Caroline Bain, Saxo Bank's Ole Hansen, Nicolas Maduro, Arathy Somasekhar, Natalie Grover, Andrew Hayley, Emily Chow, Kirsten Donovan, Lisa Shumaker, David Gregorio Our Organizations: HOUSTON, . West Texas, Reuters Graphics Reuters, Hamas, CIBC Private Wealth, Israel, REUTERS, Saudi, Analysts, Capital Economics, U.S, Petrobras, PETR4, Thomson Locations: Saudi, Israel, Ashkelon, Israel US, Venezuela, Palestinian, Gaza, Saudi Arabia, Washington, Riyadh, Vaca, Patagonian, Neuquen, Argentina, Moscow, U.S, Iran, Russia, Caracas, Mexico, Tel Aviv, Houston, London, Beijing, Singapore
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailShort-sellers have been flushed out of the oil market, says CIBC's Rebecca BabinRebecca Babin, Senior Energy Trader at CIBC Wealth, discusses Saudi Arabia and Russia's decision to extend oil production cuts to the end of the year.
Persons: CIBC's Rebecca Babin Rebecca Babin Organizations: Senior Energy, CIBC Wealth Locations: Saudi Arabia
Oil prices are up 20% and energy stocks are rebounding
  + stars: | 2023-08-04 | by ( Krystal Hur | ) edition.cnn.com   time to read: +5 min
New York CNN —Energy stocks are making a comeback after being left for dead earlier this year. Energy stocks faltered in the beginning of the year, defying investors’ expectations for last year’s boom to accelerate on a lack of global supply. That drop in energy stocks came despite OPEC+ producers, the cartel of oil producing countries plus Russia, announcing several output cuts in a bid to bump up crude prices. US WTI crude oil prices have gained 22% since June 11, while global benchmark Brent is up by 19%. Jobs report will likely be strongMarkets and economists are expecting another solid jobs report on Friday, reports my colleague Alicia Wallace.
Persons: That’s, what’s, , Rebecca Babin, Chevron, Derek Amey, Jobs, Alicia Wallace, Daniel Zhao, Refinitiv, Read, Here’s what’s, Danielle Wiener, Bronner, We’ve, ” Read Organizations: CNN Business, Bell, New York CNN — Energy, Energy, OPEC, Brent, Federal Reserve, CIBC Private Wealth, titans, Shell, Reuters, Glassdoor, USA Rice Federation Locations: New York, Russia, Saudi Arabia, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrude oil rally can continue if the supply side holds true, says CIBC's Rebecca BabinRebecca Babin, CIBC Private Wealth senior energy trader, joins 'Squawk Box' to discuss the crude oil market, what it'll take for the rally to continue, and more.
Persons: CIBC's Rebecca Babin Rebecca Babin Organizations: CIBC Private Wealth
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBabin: These are real production cuts by OPEC+, and it shows Saudi Arabia is very serious about thisRebecca Babin of CIBC Wealth discusses the short and longer-term impact of the surprise production cut unveiled by OPEC+ this weekend, and whether it could push oil prices back towards $100 a barrel.
Oil futures have fallen over 8% since last Friday as the collapse of SVB Financial (SIVB.O) and peer Signature Bank (SBNY.O) prompted concerns of a wider banking crisis. Investors in the oil market, including oil producers, have rushed to buy put options, used to either bet on or protect against downside movement. For U.S. crude futures options open interest, the ratio of puts to calls is the highest since August 2022. The discount of later-dated oil futures contracts to the front-month contract tightened on Wednesday, indicating that market participants were less confident in short-term demand. That short-term uncertainty should buoy put buying, Price Futures Group's Flynn said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrude prices rising above $100 in six months seems 'overzealous', says Rebecca BabinRebecca Babin, CIBC Private Wealth senior energy trader and managing director, joins 'Squawk Box' to discuss Babin's six-month outlook for energy, why the oil market isn't already near $100 a barrel and Babin's outlook for refined products.
US stocks closed higher on Thursday after a choppy trading session. Major indexes swung between gains and losses throughout the trading day. The S&P 500 broke a four-day losing streak to end the day with a moderate gain. The release of minutes on Wednesday from the latest FOMC meeting suggested the Federal Reserve could keep rates higher for longer. Oil prices could climb 25% in the next six months, according to CIBC Private Wealth senior equity trader Rebecca Babin.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBabin: A lot of traders got sucked into the "Jedi mind trick" of being long crude in 2022Rebecca Babin, senior energy trader at CIBC Private Wealth, discusses the wild ride oil prices went on in 2022, and where crude may head in 2023, with China, Russia and the U.S. SPR playing potential factors again next year.
Oil prices were volatile Monday as traders considered the possibility of weakening Chinese demand and a growing view that world could have sufficient supplies even with a European ban on Russian oil. The firm cited China's Covid restrictions and a lack of clarity on G-7 price caps on Russian crude for the new outlook. The European Union's ban on seaborne Russian oil starts Dec. 5. "Every fundamental signal in the crude market right now is bearish," she said. At least for now, the market expects there will be sufficient supplies even with Russian sanctions, Babin said.
The market was supported by another decline in U.S. oil inventories as refineries picked up activity ahead of the winter heating season. The oil market held its rally even as stocks fell and the dollar rallied after Federal Reserve Chair Jerome Powell said it was premature to think about pausing rate increases. U.S. crude oil stocks fell about 3.1 million barrels on the week, according to federal data. Gasoline inventories while distillate stocks rose only marginally ahead of the key heating season, when demand is expected to pick up. The ban, a reaction to Russia's invasion of Ukraine, will be followed by a halt on oil product imports in February.
"That announcement was making it appear like he was throwing a bone to the oil industry," said Tricia Curtis, CEO of consultancy PetroNerds, who dismissed the offer. Register now for FREE unlimited access to Reuters.com Register"What if oil does not fall to that price: Do we just keep our reserves low?" U.S. oil prices hit $120 per barrel this year and did not trigger a production boom because of shortages and high costs for labor and equipment, said Hunter Kornfeind, oil market analyst at Rapidan Energy Group. Rebecca Babin, senior energy trader at CIBC Private Wealth, said tight oil supplies have pushed up price expectations into 2024. If the Biden administration wants to boost oil supplies, it "should change its policies around producing more oil and gas in the United States," said Frank Macchiarola, a senior vice president at trade group American Petroleum Institute.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil markets are facing a demand concern, says CIBC's Rebecca BabinRob Thummel, Tortoise portfolio manager, and Rebecca Babin, CIBC Private Wealth senior energy trader, join CNBC's 'Squawk Box' to break down where investors can find opportunities in the energy sector.
Brent crude futures settled up $3.05, or 3.5%, at $89.32 per barrel. U.S. West Texas Intermediate (WTI) crude futures ended up $3.65, or 4.7%, to $82.15 a barrel. The dollar hit a fresh two-decade peak against a basket of currencies on Wednesday before pulling back. A strong dollar reduces demand for oil by making it more expensive for buyers using other currencies. "All raw material dominated currencies are up - crude is not just moving in isolation here."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrude oil bulls have 'lost their will to fight,' says CIBC senior energy traderRebecca Babin, senior energy trader at CIBC Private Wealth U.S., joins CNBC's 'Squawk Box' to explain why she believes crude oil's break below $80 a barrel feels like the "stage of death" in a bullfight.
Total: 22