Morning Panama Vacations vs Canadian Tariffs

By Paul Sankey Published on January 16, 2025 at 10:18 AM

Continuing on from our successful refining conference (Days 1 & 2) we are pedal-to-the-metal on oil markets, with an update required for the latest balances, which have been very dynamic over the past month. Winter, shadow fleet, China, tonight on Happy Hour bring on the barrel counter! Jan Stuart, Global Oil & Gas Economist: Johannes serves as global energy strategist at Piper Sandler. A self-described oil-geek, Stuart and his team take a micro-fundamentals approach to …

Refining Thematic III: Trans Mountain Pipeline Expansion

By Paul Sankey Published on November 17, 2023 at 11:43 AM

Trans Mountain Pipeline expansion & WCS Diffs The North American oil world is keenly watching progress on the last legs of the Trans Mountain pipeline expansion, the long-awaited 590 kbd expansion of pipeline moving production from Alberta to the Vancouver area. Costs have ballooned from C$5.4B up to over C$31B and after years of delay, the expansion startup is almost here. This is possibly the single most cost-overrun project in global oil & gas history …