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Oil Analyst Sankey Warns of Rising Risks in Refining

Paul Sankey, president of Sankey Research, explains the level of tightness in the crude oil refining system, the “massive” margins between the price of barrels of oil and refined products like gasoline and jet fuel, and why he expects the US strategic petroleum reserve to run out around September. (Source: Bloomberg)

Scenario chain

Probabilities below are model estimates based on the event chain, horizon, and indicators. They are not outcome guarantees, investment advice, or emergency instructions.

A

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32%

Forecast derived from cascade analysis. Watch confirmation indicators below.

Primary source: Bloomberg Markets

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