By Paul Sankey
Published on January 27, 2026 at 9:29 AM
Sorry I was meaning to write this session with Rory up properly, but got distracted by PJM etc over the weekend, what with this brutal cold. The week ahead forecast for Brooklyn is sub-zero all the way. Beyond a week is anybody’s guess. Link to Rory replay below. We are opening this to all subscribers to promote Rory’s independent research effort. And encourage you to go Premium Subscriber to enjoy these calls live and replay …
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By Paul Sankey
Published on February 1, 2025 at 3:02 PM
Who wins from Canada/Mexico oil tariffs? For sure we think consumers lose from higher pump prices given higher cost Canadian crude particularly in the US MidCon. Whether the oil tariff is +25% or +10% matters, as that will be the likely impact on Mid-Con pump prices. Short term winners, complex Gulf Coast refiners such as ExxonMobil, Valero, and Marathon Petroleum, although the latter is a loser in Mid-Con refining, as is Phillips 66 which also …
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By Paul Sankey
Published on October 12, 2024 at 1:58 PM
With ExxonMobil approaching a December 11th analyst day, which we believe is not only a major milestone in the company’s history, but also global oil & gas history, we did what we did with Guyana. We took it to the mat. In this extensive note, we went back through every ExxonMobil conference call and analyst meeting, starting with the company’s completely wrong forecast for the US hydrocarbon balance in 2006, through the 2010 XTO deal, …
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