Sunday Sankey 1/10/21

By Paul Sankey Published on January 10, 2021 at 12:40 PM

Good morning, The first working week in January is always a crazy week for this analyst, and by Monday afternoon, having run five 1×1 fireside chats with five refining CEOs, I was already joking that I was ready for my year end vacation. Then, from nowhere, Saudi unilaterally cut production on Tuesday 5th January at the now-monthly OPEC+ meeting, the afternoon as we rounded out the conference with a 1×1 with Valero management that morning. […]

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Morning Sanknews 10/22/20

By Paul Sankey Published on October 22, 2020 at 9:17 AM

News: France quashes a major US LNG export contract on US methane emissions/fracking. Quite where this leaves Russia and Algeria has not been specified by the French. Story broke on Politico Pro. In 2016 a French minister had highlighted that US LNG contained fracked gas, so to speak, and that France bans fracking. We all remember Hess and the Paris Basin, seen to be one of the great fracking opportunities in the world, it will […]

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US Natgas Suffering

By Paul Sankey Published on June 28, 2020 at 4:18 PM

The US natural gas market enjoyed a surge of optimism at the depths of the COVID crisis, on hopes that lower US E&P activity would temper excess supply of associated gas, produced from super-charged US E&Ps pursuing oil production growth. Already as of last year, Permian (WAHA Hub) prices were negative on lack of takeaway capacity vs available excess supply. Although one bull trend, of exports to Mexico, has held up brilliantly in the 2020 […]

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