By Paul Sankey
Published on May 30, 2024 at 10:38 AM
Focus OPEC for the next two Happy Hours. At 4pm today, this evening a quick check-in with Kathleen Kelley “OPEC Whisperer” into this weekend’s meeting. It’s not long since we did a full session with Kathleen, so this evening is a quick tyre-kick. Next week, going into much more depth on oil markets, we have barrel counting legend Mr Jan Stuart, energy market economist, and my first office-mate at my first post-college career job: we …
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By Paul Sankey
Published on February 7, 2024 at 5:18 PM
Tomorrow Thursday 8th Feb 2024 morning Zoom continuation of our early January refining conference: Valero management team vs Paul Sankey; Full Valero management team led by CEO Lane Riggs Thursday, February 8th 10AM ET Valero (VLO) Virtual 2024 Sankey Refining Conference – Valero [ptm.sankeyresearch.com] Or just RSVP to this email ~ Some bullets on chat from clients this week: Interest in ConocoPhillips into the print tomorrow: capex capex capex Willow risk; and North American growth. Clients are concerned …
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By Paul Sankey
Published on January 13, 2024 at 11:41 AM
This year started with massive writedowns from both Chevron and ExxonMobil in California. You don’t need to read the all-time classic of industry literature, “Oil!”, by Upton Sinclair (nor watch the classic film “There Will Be Blood” which is based on the book) to know there is a long and storied history of oil in California. In this note we write brief histories that led to the write-downs. Spoiler alert, we start with the conclusions, …
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