US Energy Secretary Wright just shot down the diesel export ban idea.
Won't work, he says.
Translation: No artificial supply shocks coming from the gov side. Markets can breathe.
For macro traders watching oil/energy plays — this removes one tail risk. Diesel flows stay global, refinery margins stay predictable.
Not bullish, not bearish. Just one less variable to hedge against.
Won't work, he says.
Translation: No artificial supply shocks coming from the gov side. Markets can breathe.
For macro traders watching oil/energy plays — this removes one tail risk. Diesel flows stay global, refinery margins stay predictable.
Not bullish, not bearish. Just one less variable to hedge against.