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 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 November 7, 2024 at 7:02 AM
ٱلسَّلَامُ عَلَيْكُمْ, May peace be with you. Greetings from the United Arab Emirates, in Abu Dhabi, ain’t no elections. Ain’t no elections in any of the UAE, you get the ruling families. Let’s hope they all keep getting on and supporting each other, history says that families, not least in the Middle East, can have problems. But it is a global communality, family dramas. The parallels on this trip, across the course of the history …
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