By Paul Sankey
Published on December 27, 2023 at 3:28 PM
Good evening, Above, my grandfather Stan and grandmother Win at Aunt Chubb’s wedding, late 1920s. You passed the solstice – the days are getting longer! Lots of places you don’t really care that much, but believe me, in today’s filthy British winter weather, here dark and stormy London (but warm), with sheets of rain, the standard optimism is that days are now getting longer. And so to Miami soon (same latitude as Dubai). Please join …
Read More
By Paul Sankey
Published on December 6, 2023 at 9:08 AM
The final section of our 2024 refining themes takes us to the single biggest sector in global oil, and one with potentially the most dramatic transition: US gasoline. So far we have covered: DIVERGING BALANCES – short distillate, long gasoline; China petchem solves excess gasoline? CAPACITY ADDS – Major additional capacity East of Suez, Nigeria’s Dangote, Mexico’s Dos Bocas DIFFERENTIALS NARROW – Saudi cuts vs burgeoning US light-sweet, Q3 2023 start up of Canada’s TMX RENEWABLE DIESEL …
Read More
By Paul Sankey
Published on November 17, 2023 at 11:43 AM
Trans Mountain Pipeline expansion & WCS Diffs The North American oil world is keenly watching progress on the last legs of the Trans Mountain pipeline expansion, the long-awaited 590 kbd expansion of pipeline moving production from Alberta to the Vancouver area. Costs have ballooned from C$5.4B up to over C$31B and after years of delay, the expansion startup is almost here. This is possibly the single most cost-overrun project in global oil & gas history …
Read More
