Oil Supply Won't Come Back as Quickly as Expected, Babin Says
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Rebecca Babin, Senior Equity Trader at CIBC Private Wealth, discusses the current state of oil market dynamics. She says the market is overestimating the speed at which oil supply will return to pre-conflict levels. Babin expects oil prices to settle between $75 and $80 per barrel by the end of the year. She speaks on "Bloomberg Surveillance."
I'd really be ok if the USA would would just say look, Iran has a product we want and we have money, so let's just go buy it or trade something they want just like china does and call it a wrap. I was born in the 60's and my entire life has been bullshit wars that didn't need to happen. We've been really successful at butting into other people's business or trying to take something they would happily sell. But we seem to prefer violence.
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The US SPR volume, as at 26 Jun 2026, was 325,655 kb (change -5,536 kb/week), which represents 45.6% of full SPR capacity. The US SPR is now at a level not seen since May 1983.
Per EIA data, US commercial + SPR crude oil inventories, as at 26 Jun 2026, were at 734,014 kb (-9,311 kb relative to 19 Jun 2026), at the lowest level since May 1984. The developed world has now depleted its entire economic safety margin.
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national gas average I predict to hit $6.50 to $8 a gallon, I do not see any way around that.
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There will never be peace until terrorists Iranian regime and their puppets proxies are purged from earth
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Remember, U.S. Tapping its spr right now. i don't know this lie how far as go but won't last within a year
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Bloomberg CHIEF ENERGY ANALYST states that he forsees oil headed to 40 a barrel THIS YEAR.
So don't believe what any of these women say.
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Power plants, water, gass, refineries, grain silos, rail stations, airports, ferries, ports, cargo ships......all infrastructure....
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Except it isn't the spot market that is saying this. WTI curve is not very downward slopping so there is no indication at all that the market is massively undersupplied. That may change when it gets closer to winter, but the curve itself is a much better indicator of the supply/demand situation than random people talking about how many tankers are crossing the Hormuz strait. Just the Saudi E-W pipeline reactivation makes a big hole in the argument about scarcity.
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Of course they wont. That would mean less profits.
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Germany demonstrated what happens when the currency lost all support.
The 1921 effect of printing currency in Wiemar Germany
seemed to be the death of teh German currency.
Theu US consumed the support system that supported physical currency by 1968.
Now the US attempts to prove the FED Printing dollars is a representation of value,
has hit a BRICS Wall.
All colonial empires end with currency fading into dust.
Here we are again.
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Let others sell the shovels... Only gold.
NO SIGNALS, ONLY DECISIONS
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These people are paid propagandist because none of this makes sense
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It’s not being considered is the actual flow or lack of that of their end
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What a 6 min smiling word salad of nothing, This is the worst energy and critical input crisis ever!!!
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Watching this stuff is the biggest waste of time
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More User Perspectives
Maybe I'm ignorant.
Record low SPR.
Record armada of empty super tankers heading to our shores.
Record car travel over memorial day.
Smart lady
@MyAlienHybridBabiesHow long will it take, to get everything back online. We supposedly destroyed it all.
@garyonnen7634She barely provided any valuable insights.
@慎独观世界understatement of the year that!
@therivalryanMost of the Iranian oil headed out of the gulf is heading to China.
@patcusack6252Wait until the war restarts and the SPR is emtpy. Hilarious that Wall St thinks things are coming to an end.
@RequiemMask31Do they call her Becky Babblin?
@CharlieBrown-c5xiran war is a forever war.
@steveridge1564if the US stopped exporting crude and petroleum products their wouldnt be a (domestic) US shortage would there
@4NickAderDoesn’t take a degree to realize these “talks” are imaginary, Iran wants leverage (if it doesn’t have it already) of the strait. Israel and Lebanon are a separate issue, so exactly what is the good news exactly? Kushner and co. traveling more than a band on world tour.
@TheDunningKrugerEffectisRealAaand oil is down another $2 just since this was recorded. Trump is somehow able to pull another rabbit out of his a$$ and paper contract his way out of the biggest energy crisis in generations.
@darrenream6531All fake news Oil Will crash $50 by end of July
@ahmedalsharmanIf your listening to an equity trader about oil prices your a goddamn idiot. Supply WILL NOT COME BACK TO THE MARKET BECUASE IT ISNT THERE! The reason it is low is because China cut and is running off reserves. IT WILL HAVE TO REPLACE THEM DUH! Anyone reading this, simply go over to the flow maps and in out by barrel and LOOK! Its less than half! They have underinvested in domestic by billions since the Biden admin. IT ISNT THERE... You cannot listen to, or trust the media, these people don't know anything. The shit will be 100$ a barrel at least. Mark this comment, come back in 3 months. Read it again.
@ashleyaries9299The good thing about higher crude prices means everyone who can pump, will pump.
All inventories are not equal. Viewing demand for storage and new chinese crude demand that is to refine and export products the same as demand that refers to the actual burning of fuel is a mistake.
Where oil is refined can impact pricing and technically more refining can increase demand for crude but more refining capacity anywhere in the world is good for supplies and lowers prices. The idea that refining oil in china somehow reduces global inventories vs refining in Russia is pretty lame. When has moving production to China ever caused inflation?
We've only used 20% of the pre invasion inventory?
@ericmaclaurin8525We have so much oil on the American continent that gaz should be free and the energy stocks should be at zero and that the oil oligarchs should pay for the machinery needed to save lives in Venezuela and across the world ... Gaza, Ukraine, etc.
@robertcharron749Based on the current state of the strait, nothing has been resolved. Iran is going to strike out any time they feel ships are trying to bypass their toll lane. That's an untenable situation. It does not scream "return to norm".
@WramblinWreck2187Oil squeeze coming
@rpl6nlWild to see Oil at $70 when the inventories at Cushing Oklahoma are below safe operational limits.
@JmYoutubeWatcherOil will return to $80/barrel in August bc nations like the Philippines & Indonesia, who previously did have a SPR, now want a SPR to protect from future supply disruptions!
@tringuyen7519The mainstream media and their pundits live in an alternate reality
@gnosisdocumentaries4481US SPR is moot as us is now oil exporter... brent, wti midland now showing fromt end contango... murban still extended contango... all this reflects demand falling
@ryanlee4438Rebecca: 'I'm completely ignoring the fact that the President of the United States is allowing the Iranians to sell its oil and support its regime that undermines the world order that made America powerful and wealthy, murders its own citizens, and attacks all its neighbors and murders America servicemembers -- simply because he doesn't want his poll numbers to look bad. Instead, I'll just talk about money money money money and how to make more money.' And people really wonder why Americans hate Wall Street and people like this? Zero moral compass. None. It's all about money for THEM, that's it.
@brainthink.actualand oil turning negative
@Fred-dc4sjGas prices going down is only a joke Trump and oil buddies are playing on the public. Ships may be leaving the Gulf, but no fool is going to send a ship back in the Gulf and no insurance company is going to insure a ship going into the Gulf. So the Gulf is still closed
@marklen2322You don’t say 😂
@i.am.hodgieOmg what? How is this possible? Can't traders just increase the number of contracts? Surely you can just move numbers around and prepare an optimistic PowerPoint that keeps the pricing stable? Is anyone thinking of the shareholders?
@Alephu5market should be at $100 at least just for uncertainty alone, not even counting the physical shortage and the war and straight of Hormuz closed and inventories at All Time low's globally
@nathanjones8417Drive electric ⚡️ and say bye bye to the pumps 👍🎉
@phileasler5401We are speaking of this event as if it is over.
@davidsaldivar6735We should track the tankers who are sailing in bound hormutz not outbound...
@albertoperin402Noone knows how much damage wells got during the production stop in the Middle East. Oil supply is not returning to normal any time soon.
@alexandrekozlov4502Time to End the Endless Middle East Wars. Melat Kiros for US House Colorado Primary Elections Victory Today. ? Donovan McKinney in Michigan... Darializa Avila Chevalier NY.. Claire Valdez NY... Justin Pearson in Tennessee and more.
@2023gainerCushing is very low. it will have to reprice on that alone much less Hormuz not really being open. It's a catastrophe, and not at all normal. Shorts will be squeezed.
@BobDee-Bh