By Paul Sankey
Published on December 5, 2024 at 12:09 PM
This evening 4pm Happy Hour with Kathleen Kelley, special listener Ed Morse, and clients, to discuss OPEC. Register here for an OPEC chat, PREMIUM EVENT: https://sankeyresearch.com/conference/sankey-strategy-session-kathleen-kelley-interest-form-6/ Have to run after Happy Hour to the annual “Sellside Analyst Appreciation Dinner” with Chevron senior management this evening. They put us in stocks and throw mud pies at us. Only kidding, looking forward to it. ~ Man, normally oil pops on an OPEC extends cuts decision, and then …
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By Paul Sankey
Published on August 14, 2024 at 9:49 AM
A focus note for you today, on Darling and the California Low Carbon Fuel Standard which has been an important factor in the weakness in West Coast refining margins, that is bleeding into wider refining margin weakness vs current refiner earnings estimates for Q3. We show in this note that California diesel is now 60% renewable, with attendant pressure on refining margins there, as gasoline demand has peaked, and 25% of vehicle sales are electric. …
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By Paul Sankey
Published on June 15, 2024 at 1:06 PM
Trigger warning: today in our “in their own words series” we parse a podcast between Jake Paul and Donald Trump. This note is entirely devoted to that subject, be warned. TLDR: Otherwise lacking a clearly defined policy outline – unless you think the Heritage Foundation’s Project 2025 “let’s combine Church and State” – with few specific campaign promises, Donald Trump is repeatedly saying as he campaigns that he will make peace in the Ukraine, and …
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