By Paul Sankey
Published on April 3, 2022 at 11:52 AM
Well, that was quite the Q1 2022! But we got it in the books. I think the low point of Q1 for me was the evening of Thursday 3rd March, shortly after the 24th February Russia-Ukraine invasion, when the largest nuclear plant in Europe, Zaporizhzhia, appeared to be under direct attack and burning, right as I had a one-hour briefing with the State Dept, and my contact told me that surviving a nuclear attack is […]
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By Paul Sankey
Published on April 1, 2022 at 8:32 AM
As Uzi Yemin pointed out on our Strategy Session yesterday, I have been talking to him for years, and we have known bad times and good times. In fact, he threw me off the 2006 initial public offering (IPO) of Delek USA for telling him what I thought of his company, after he told me to be honest. So our relationship started poorly. Subsequently we have become great friends. I have the highest respect for […]
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By Paul Sankey
Published on March 27, 2022 at 3:22 PM
This week, a three page thematic overview, followed by supporting charts. First the text, then the charts. ~ Noted refinery explosion last evening, no deaths reported, at ExxonMobil’s small (“only” 60kb/d) Billings Montana niche refinery that is important for local balances. Would drive margins higher for Midcon players such as HollyFrontier, Coffeyville, Delek, and West Coast PBF, and might accelerate ExxonMobil’s long standing attempts to sell the plant (price always said to be too high). […]
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