“Nobody’s Talking About This ‘Major Crisis’: Global Diesel Shortage Gets Worse | Paul Sankey”
Short XOM; its rigid stance on Venezuela arbitration awards prevents it from gaining from any Venezuelan production restart.
So you what you'll see now is as you've seen all year the oils will be outperforming the market and generally that's not good for the rest of the market.
It looks like Shell is in the lead 62%. uh whether or not a Shell or Exxon, I'll let you comment on that, but the bottom line is whether or not Venezuelan oil production will kick in early enough to make a difference.