By Paul Sankey
Published on September 16, 2022 at 8:41 AM
Refining getting worse LNG export developer Tellurian whacked as it struggles to finance “by mid-2022”. It’s Q3 2022. As the share price falls, financing from the at the money issuance facility becomes even more problematic. Macro influencer Luke Gromen on Happy Hour Fedex profit warning Fiscal 2Q23 guide $2.75 vs cons $5.46 (!!!) Xi-Putin As we feared refining is getting worse. China export quotas as we highlighted yesterday have further pressured weak Asian margins that […]
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By Paul Sankey
Published on August 24, 2022 at 11:28 AM
It’s a time of year when the Wednesday 10:30am US government Department of Energy, Energy Information Administration (DOE EIA) weekly oil data matters. We normally disdain trying to jerk our knee faster than the army of commodity analysts who jerk their knees as fast as possible to DOE print, some who go so far to send out the entire tables verbatim (thanks!) but this week, for fun, we are competing for the fast note reaction […]
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By Paul Sankey
Published on April 20, 2022 at 9:43 AM
The only good number in oil is the oil price The only good demand number in oil is refining margins The only barrier of entry to being an oil analyst is units You are only as good as your last call CNBC want me on this afternoon – unusually they booked me two weeks ago – for the second anniversary of oil prices going negative. Let me go to the grave saying I called for […]
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