By Paul Sankey
Published on January 21, 2026 at 8:35 AM
My call since 2024 was for oil prices to hit a low in the $40s/bbl in February 2026. With Brent at $65/bbl with less than two weeks to go, it is time to admit defeat. Prefer to be bearish and wrong than bullish and wrong. With that in mind, time to call a barrel counter par excellence, and tomorrow we have Rory Johnson, one of the best barrel counters in the business, on Happy Hour, …
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By Paul Sankey
Published on January 18, 2026 at 6:38 PM
Hello All, Mid-January… these are the hard yards on Wall Street – no let up until mid-April. It was the New York winter that broke the Occupy Wall Street protestors in 2011, and they wimped out in November. We workers kept grinding. Wintry mix today in Brooklyn Heights, brisk weather is forecast for Tuesday: 14° low, or -6° to Europeans. MLK Day Federal Holiday tomorrow, which seemingly nobody in Houston follows, at least not in …
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By Paul Sankey
Published on January 11, 2026 at 8:23 PM
This note covers the Oil CEO meeting at the White House on Friday, and tomorrow we host Mark Lashier, CEO Phillips 66, who was in the room. Refining Conference continuation: Jan 12th Monday @2:00pm ET – HF Sinclair – Timothy Go, CEO, Craig Biery, & Trey Schonter III, IR Jan 12th Monday @3:30pm ET – Phillips 66 – Mark Lashier, CEO, Kevin Mitchell, CFO & Sean Maher IR To round out, also at the White House meeting: Feb 4th Wednesday @4:00pm –Valero– Lane Riggs, …
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