Distillate demand as bad as COVID? Add back RD. Vistra vs Anastasia vs me.

By Paul Sankey Published on May 9, 2024 at 9:51 AM

A couple of weeks ago I made a noise complaint – just so much headline news that has a marginal impact on anyone’s reality. How do we see the forest for the trees? Protestors chant: Q: “What do we want?” A: “Media attention now!” Tonight on Happy Hour 4pm ET – Luke Gromen, Macro superstar. It’s not just what he knows, it’s who he knows. Luke clearly inhabits the virtuous circle of top clients = …

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Sunday Non-Plussed, OPEC+ and Rubber Chicken

By Paul Sankey Published on May 5, 2024 at 6:51 PM

Well personally, I feel like I got run over by Fed Chair Jay Powell last week, because I expected him to be hawkish, but he was dovish, simple as that. Guess there’s enough evidence of economic slowdown, for him to think that interest cuts are coming. CNBC May 1st 2024: Federal Reserve Chair Jerome Powell said it was unlikely that the central bank’s next move will be a rate hike. The comment spurred a rally …

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And the ’68 Summer Festival Wallflowers are Thinning*

By Paul Sankey Published on May 2, 2024 at 12:28 PM

Today 4pm Happy Hour is open mike Sankey vs Bordelon. We can discuss FTC vs Scott Sheffield – press release today from PXD – earnings, oil & gas markets, everything! Register to me and Greg here: https://sankeyresearch.com/conference/sankey-strategy-session-paul-sankey-greg-bordelon-interest-form-2/ Next week, macro maven Luke Gromen. Register for Luke here: https://sankeyresearch.com/conference/sankey-strategy-session-luke-gromen-interest-form/ ~ We are not super-bearish! Except natural gas … equities. And onshore service. A reader said she was reading our distillate note from Saturday and stopped reading …

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