By Paul Sankey
Published on October 16, 2022 at 3:20 PM
Yo, Noted, French refining strike seems to be drawing to a close, with ExxonMobil’s Fos returning to normal. Continued issues with the most extreme of the unions, the CGT, for TotalEnergies. Around 30% of French gas stations reported short of product. We perceive the refining workers strike in Iran to be a domestic issue – for now. History of the Iranian Revolution was driven by strikes by Iranian oil workers. The 1979 Iran revolution directly […]
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By Paul Sankey
Published on October 1, 2022 at 7:58 PM
Your correspondent is flying tomorrow at 7am La Guardia to Houston for Steve Chazen’s Memorial at 2pm assuming flights co-operate, and so this week’s Sunday is here on a Saturday; a brief highlight reel, or should that be “bloopers” “fails”, and “cringe” in this tape. From the UK pound, to Japanese Yen, to Credit Suisse credit default swaps (CDS) this is a market at war with itself, quite literally. The incredible sabotage to the Nordstream […]
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By Paul Sankey
Published on September 28, 2022 at 8:37 AM
With markets in flames like something out of a Naked Gun movie, Central Bankers the inept cops, rioting traders burning and looting, we continue our post Labor Day theme of advising on fire prevention and avoiding arrest. So: it is sadly time for another negative earnings revision cycle. We rolled up over 60 US-based energy companies covering upstream, midstream, downstream, integrateds, and oilfield service to see get the booking mugshot for the group. After chasing […]
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