By Paul Sankey
Published on January 11, 2025 at 1:30 PM
Refining Conference Day 2: PBF & PSX Well muggins here comes out of the 12th annual Sankey Refining Conference bullish refining! I’m sure you could have predicted that, but honest, guv, I went in with open-mind-to-bearish (somewhat bearish refining, relatively bullish crude to start 2025). But of course I knew that seasonally we had to try to be bullish, especially with this cold. Sure enough, after listening to seven straight refining CEOs, I drank the …
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By Paul Sankey
Published on January 8, 2025 at 6:18 PM
With genuine respect for Jimmy Carter, we nonetheless pressing ahead with our refining conference tomorrow, as we see it as time-sensitive to get in as close to the start of the year as possible. In case you missed it, tomorrow the Federal government and all the major US markets are closed. But the Sankey Research Refining Conference Day II continues unabated. We have oil to boil. Frees up time for you to join! The two …
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By Paul Sankey
Published on January 5, 2025 at 5:37 PM
One statistic really struck me from 2024, profoundly. It was from early November, attending the ADIPEC Conference in Abu Dhabi, the largest oil & gas conference in the world, held annually. The numbers: ADIPEC Oil & gas 2025: 180,000 attendees. A week later, at COP 29, there were ~90,000 attendees. There is an obvious observation to be made: media coverage. ADIPEC in no way generated 2x the media interest as COP29 (chart below). But just …
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