Flock of Seagulls: Iran

By Paul Sankey Published on February 17, 2022 at 8:52 AM

Strategy Session tonight, Doomberg. New guest date to-be-confirmed, Florian Thaler CEO of oil analytics company Oilx. We spoke to him yesterday on the subject of… The potential impact of Iran on oil markets in 2022. It is very different from 2015. In this note we briefly explain why. Iraq production falls 160kb/d in January – covered in this note. Accusations of cross-border shelling in Eastern Ukraine. No further comment in the note, but you can […]

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It’s behind you!

By Paul Sankey Published on January 27, 2022 at 9:11 AM

Tonight, Strategy Session with Jay Wilson, Vice President, Hess Corporation. 5pm RSVP. You are not going to believe this: Valero beats. That would be the 17th straight quarter that Valero has beaten analysts’ estimates. Kudos to IR! It does beg the question of why would any company ever miss estimates? After all, Valero earnings since 2017 have hardly been a cake walk. This period includes COVID and the worst possible environment for a refiner. They […]

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Friday: OPEC meeting continues

By Paul Sankey Published on December 3, 2021 at 9:03 AM

So the December 2021 OPEC did not end. But the working decision was to increase production. Having not met the previous decision to increase production. OPEC+ also decided to continue to require those that had exceeded previous quotas, should still have to cut back to make up for excess production previously, with lack of production currently. Yep, it’s a mess, and in this note I publish a table that tries to make sense of it […]

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