By Paul Sankey
Published on August 24, 2025 at 5:41 PM
Back from my week in Colorado and California. I missed a wet week in Brooklyn as Hurricane Erin passed. Today the weather is perfect, though bearish natgas. Temperatures have been cold and are now ideal. No air con, but a the beautiful summer breeze, we are at 78F, 25C. Top tip: in temperature conversion, 28°C ⇄ 82°F, 16°C ⇄ 61°F, 4°C ⇄ 40°F.~ Natgas bulls look away now: Source: NOAA ~ When in Rome, we …
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By Paul Sankey
Published on August 10, 2025 at 9:21 PM
Maybe the key question for this week is whether Vladimir Putin walks away with Alaska in exchange for Greenland. I mean, I don’t know. But the deadline is November 10th. In case you missed it, in Aramco results last week, Aramco are quoting Kpler that global oil demand is now (August 2025) 108 mb/d. Repeat, 108mb/d. But obviously, this week in oil will be dominated by President Trump meeting Putin in Alaska. Friday. So we …
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By Paul Sankey
Published on July 25, 2025 at 9:46 AM
It hardly feels like a co-incidence, that Elliott Management are the common denominator between PSX and MPC and Suncor, the similarity being that activist-engaged new CEO Rich Kruger at Suncor blew the doors off operational performance. Remarkable turnaround. Re-worked management systems. And today from nowhere, PSX blew the doors off operational performance that led to a big beat: EPS $2.38 vs the Street at $1.71, with a beat on every line. From a nasty -$328m …
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