By Paul Sankey
Published on March 21, 2021 at 12:36 PM
Morning! Iran and China. Mr. Biden has his hands full with Putin asking for a live debate further to Biden being asked “is Putin a killer?”, that caused Russia to immediately withdraw its US ambassador. Big week for global geopolitics. There is no question that China is becoming ever-more diplomatically, geopolitically, aggressive on a sustained rising basis, and buying oil from Iran through smuggling is clearly at the top of the defiant self-interest list. Official […]
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By Paul Sankey
Published on February 4, 2021 at 9:11 AM
Shell results, meh. We argue that to out-perform, Big Euro Oils need major US fund managers buying at the margin. For ever, Euro oils have looked cheap relative to US. It never changes. See chart below, the same at the most extreme applies to Russian oils. Right now, Big US buyers are either not buying any oil, buying oil leverage, or buying ExxonMobil. The Supermajor Euro oils are not attractive, ex TOTAL. The track record […]
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By Paul Sankey
Published on January 4, 2021 at 8:45 AM
Refining conference today! Not to late to register on www.sankeyresearch.com Strong delivery numbers from Chinese automakers over the weekend followed on from Tesla’s dash to the line for 2020 which fell just short – within the margin of error – for its 500,000 annual target for 2020, which is indeed a very impressive achievement. There were reports of Tesla asking existing customers for help in delivering vehicles. One mystery to us is how the company […]
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