Morning Rocking the Status Quo

By Paul Sankey Published on March 6, 2024 at 2:33 PM

Loving these markets, and really enjoying the CVX-Hess-XOM-CNOOC drama. Front line stuff. DOE data – time to check in on the market. Verdict: everything okay in oil, we like the bullish trade into driving season. We like Big Oils, but there is tremendous noise and volatility around Chevron for Hess vs ExxonMobil. Today’s headlines have to be read in the context of ExxonMobil’s bid for Pioneer. The most they can say is effectively re-iterate their …

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