Palissy Advisors

Palissy is an independent research provider firm based in London with a focus on oil-LNG-mining commodities and energy-mining-renewables equities

[Palissy Advisors @PalissyAdvisors]

Palissy Advisors tenth anniversary this month and main theme: Challenging the Oil Inventory Myth

The oil markets oversupplied situation is clearly visible in the chart below at a 9 year seasonal high when excluding 2020 using the data provided by our data partner Kayrros #OOTT

[Emmanuel Macron @EmmanuelMacron]

The Patrouille de France flying over the Statue of Liberty today. What a symbol. 250 years of shared history.

[Palissy Advisors @PalissyAdvisors]

Not that hard to explain. Chinese private refiners curtailed purchases to a 10 yr low because they don’t want to buy oil above $80 with sanctioned countries discounts gone while losing $15/bbl on refining. #OOTT

[Palissy Advisors @PalissyAdvisors]

It was and it remains a painful mistake to consider owners of that gigantic storage are not driven by economic factors. While they frequently receive instructions from Central authorities, we also had evidence of a sharp destocking in a recent past (-120mbbls oct20-Mar22).#OOTT

[Palissy Advisors @PalissyAdvisors]

It was telling then to see that this destocking stopped when they had the opportunity to buy discounted oil. China inventory behaviour is much more complex than estimating their are relentlessly building a gigantic SPR/CPR buffer for whatever supposed geopolitical reason #OOTT

[Palissy Advisors @PalissyAdvisors]

It was telling then to see that this destocking stopped when they had the opportunity to buy discounted oil. China inventory behaviour is much more complex than estimating their are relentlessly building a gigantic SPR/CPR buffer for whatever supposed geopolitical reason #OOTT

[Palissy Advisors @PalissyAdvisors]

Not that hard to explain. Chinese private refiners curtailed purchases to a 10 yr low because they don’t want to buy oil above $80 with sanctioned countries discounts gone while losing $15/bbl on refining. #OOTT

[FT China @ftchina]

Slumping Chinese oil imports ‘shield’ global market from higher prices https://t.co/OMWOaZr2bo

[Palissy Advisors @PalissyAdvisors]

It was and it remains a painful mistake to consider owners of that gigantic storage are not driven by economic factors. While they frequently receive instructions from Central authorities, we also had evidence of a sharp destocking in a recent past (-120mbbls oct20-Mar22).#OOTT

[Amena Bakr @Amena__Bakr]

Fully agree with Philippe #ADNOC

[Bob Elliott @BobEUnlimited]

The AI mania is pricing in macro outcomes that are pretty hard to imagine over the next 5 years. I pencil some of those out in my free blog app piece this week:
https://t.co/cpwZVvb7Ou

[Palissy Advisors @PalissyAdvisors]

« Le dirigeant palestinien le plus populaire reste emprisonné par Israël depuis 2002 » https://t.co/DfRk47FGgy

[Ali Vaez @AliVaez]

Read our latest Iran Crisis Monitor here 👇🏼 https://t.co/vtkj4b0hjj via @crisisgroup

[LiveSquawk @LiveSquawk]

Saudi Sources Said That Iran Offered To Conditionally Transfer Enriched Uranium To Russia – CCTV
https://t.co/8IxeFNUjJA

[Tracy Shuchart (𝒞𝒽𝒾 ) @chigrl]

Oil Majors Hit the Brakes on Clean Spend

Oil supermajors led the retrenchment in transition-related investment in 2025. Their combined low-carbon spend fell 65% to $8.3 billion, the lowest since 2019. All seven firms reduced spending, marking the first such occurrence in BNEF’s tracking as far back as 2015.

[Jake Conley @byjakeconley]

Crazy chart from JPMorgan.

We all know the narrative that the US is "energy independent" — but the spike in US gasoline prices over the past 2mo has outpaced everywhere except Southeast Asia, the region most dependent on oil from the Persian Gulf.

[True Discipline @TruueDiscipline]

Who Americans think is their biggest supplier of foreign oil vs the reality:

[Anish Kapadia @anish_kapadia]

@FirstSquawk AKap Energy’s helium intelligence was cited by multiple major media outlet this week as markets recalibrate after Qatar’s LNG halt — because when the helium narrative moves, decision‑makers turn to our data first. https://t.co/b0KEftRwW6

[Palissy Advisors @PalissyAdvisors]

@AdrianThurlwell @MarineTraffic Do you mean the port Sharjah ?

[Palissy Advisors @PalissyAdvisors]

La Chine dans le piège du trop-plein industriel https://t.co/n1860E34w4

[Le Grand Continent @Grand_Continent]

Hannah Arendt avait déjà posé les questions politiques clefs de notre siècle.

@MariamMartinezB nous invite à redécouvrir une pensée plus actuelle que jamais.

À lire absolument.
https://t.co/GqtRR79aZz

[Michael Pettis @michaelxpettis]

1/7
Good FT article on declining investment growth in China: "A sharp decline in reported investment in China suggests President Xi Jinping’s campaign against excessive industrial competition may be having an impact on the Chinese economy."

https://t.co/ClY8ISWvhy via @ft