By Paul Sankey
Published on June 8, 2022 at 8:55 AM
Tomorrow Zoom Strategy Session: Rich Voliva, CFO HollyFrontier. Thursday Jun 9, 2022 05:00 PM ET Register in advance for this meeting: https://us02web.zoom.us/meeting/register/tZ0kduyprj4uHNTcVO53YRKHbhYSRWHUiIX1 Tonight, quick meeting with Uzi, and Blake, CEO and IR of Delek. I had texted about the story in Tradewinds that they were getting into Jones Act shipping. Apparently they bought a couple of barges that are “not material, especially not in the context of today’s margins”. Lucked into a quick catch up […]
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By Paul Sankey
Published on June 5, 2022 at 3:05 PM
June, A beautiful day here in Brooklyn Heights, I wish you a wonderful Sunday. I always maintain that if you ignored the media, you would think it’s a wonderful world. And it is! That said, I am enjoying the mass media coverage of the Jubilee. BREAKING NEWS: QUEEN WAVES FROM BALCONY. Headline on my screen here. And we are kicking ourselves for not being in London, given my mother lives right on Hyde Park, in […]
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By Paul Sankey
Published on June 2, 2022 at 9:26 AM
Concerns that Russia may go ex-OPEC+ quota system, system such as it is, have seen oil prices fall hard this week… from $120/bbl to $113/bbl Brent. The chart continues to look extremely powerful, and I was pondering this morning what happened to all the “Peak Oil” community – which was huge in the 2000s, arguing that we were out of oil supply. Of course, US unconventional oil production growth humiliated them, none of whom forecast […]
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