PSX News and Press, Phillips 66 From 05/27/22

The President is reportedly asking oil refiners and integrated companies to "restart idled refineries." The move marks a pivot in three ways. First, the Administration is acknowledging that prices at the pump are elevated in large part because of a shortage in refining capacity. Sec...

Shortly following Russia's invasion of Ukraine, commodity strategists and investors worked feverishly to forecast the impact of sanctions and self-sanctioning activity on global energy supplies. Estimates ranged from no impact to a ~3.0mb/d loss in global oil production; however, recent data ...

When a recession comes isn't as important this cycle as whether the recession comes before or after a bear market. It's likely a substantial bear market comes in 2022, a couple quarters before an economic recession in 2023. This creates important issues for investors. In this arti...

Shares of Phillips 66 (NYSE:PSX) traded today at $99.62, eclipsing its 52-week high. Approximately 1.3 million shares have changed hands today, as compared to an average 30-day volume of 4.2 million shares. Phillips 66 is an independent refiner with 12 refineries that have a total crude ...

ConocoPhillips is in the cat-bird seat when it comes to benefiting from the current broken global oil & gas supply chain as a result of Putin's horrific war-of-choice in Ukraine. COP's big Permian acquisitions (Concho & Shell's assets) at the bottom of the cycle due to covid-1...

The White House has become increasingly aware of the "worrisome decline" in diesel inventories in the Northeast. According to sources cited by CNN, the White House is considering a release of strategic stockpiles to combat the crisis. Given the reduction in East-coast diesel inventories of ~4...

The White House is planning a meeting between the crown prince of Saudi Arabia, Mohammed bin Salman, and President Biden. Biden had previously referred to the Prince as "the pariah" and said he has "no redeeming social value;" statements which likely led to Saudi declining an invitation to sp...

Comps analysis between HF Sinclair and Phillips 66. Positive tailwinds ongoing. More shareholder friendly, we reiterate our buy rating. For further details see: Phillips 66: Target Price At $100 Per Share

Elon Musk the CEO of Tesla (TSLA) has watched his EV company get tossed out of the S&P 500's ESG Index and two exchange traded funds that have taken notice are the Xtrackers S&P 500 ESG ETF (NYSEARCA:SNPE) and the SPDR S&P 500 ESG ETF (NYSEARCA:EFIV). SNPE and EFIV cumulative...

Energy stocks (XLE) were not immune from Wednesday's steep selloff in equities (SPY), despite relatively positive developments across the commodity landscape. Natural gas prices (UNG) traded green most of the day, and are set to close flat, as continued production growth challenges led Pionee...