By Paul Sankey
Published on February 18, 2025 at 9:08 AM
Greetings! It’s a whippy 21°F here in Brooklyn Heights, -6°C. This is the windiest street n New York City, running parallel to the promenade along the exposed hill over looking the grey-icy Atlantic in New York Harbor, with 30mph ice blasts taking wind chill to -7°F, -17°C. This morning at 6:15am at Clark Street, at The Drip coffee kiosk at 6.15am my voice wavered, and cracked, as I asked for my daily “large, ah, iced …
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By Paul Sankey
Published on February 12, 2025 at 8:56 PM
You can bet tomorrow during our 10:30am call with Valero management, that the whole call will explode with laughter, because Valero is a tremendous group of people. Remember, nice guys ‘n’ gals can finish first. Look forward to it, please join. Note the offbeat time. Tomorrow Thursday 13th February 10:30am ET: Valero CEO Lane Riggs, CFO Jason Fraser, COO Gary Simmons, IR Homer Bhullar Registration Link – https://sankeyresearch.com/conference/sankey-refining-conference-valero-interest-form/ ~ Questions for management? With Valero operationally …
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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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