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Sunday Sankey

Quote of the day: In a war of ego, the loser always wins
Energy Transition
Paul Sankey

Sunday Tequila & Hormuz Limbos

Greetings from Guadalajara, We attended family wedding. Quite the fiesta. I’ll give you a hint: this is the capital of Jalisco, the home of Tequila. ~ The past week was absolutely bewildering in global oil markets; the market seems to buy a peace narrative which we greatly struggle to believe in. As considered from the crisis start, we cannot see that the Iranian Revolutionary Guard will easily cede its sudden position of global super-power (especially

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Paul Sankey May 10, 2026 2:01 PM No Comments
Energy Transition
Paul Sankey

Sunday Whistling Past

Greetings, Refiners are running at max capacity, and oil prices are finding a Hormuz blockage hierarchy. Excess profits are accruing to oil producers, US refiners, and shipping companies. Front page of USA Today, Daily Mail, nothing on Hormuz. I scrolled all the way down on the NY Post – not one story on Hormuz today. While the oil analysts get frantic, the NASDAQ hit a record high, and the President’s most important advisor, Mr Market,

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Paul Sankey May 3, 2026 4:02 PM No Comments
Energy Transition
Paul Sankey

Lunchtime Ruddy Hockey sticks

Today 4pm Ed Morse on Happy Hour. Zoom. These are historic times, we need some experience here. Guest – Ed Morse, Hartree Partners Date/Time – April 30th at 4pm ET Registration – Click Here ~ Within our framework of the world, historic times, crude prices air-dropping on Japanese government Yen intervention today was a new plot twist in a predicted direction. Being government intervention directly into markets. Source: Bloomberg, Sankey Research The Japanese Ministry of

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Paul Sankey April 30, 2026 12:52 PM No Comments
Energy Transition
Paul Sankey

You Can be Sure of Shell…

Strategy Session this week Thursday 4pm · Guest – Ed Morse, Hartree Partners April 30th at 4pm ET Registration – Click Here Ed was teaching International Relations at Princeton for the 1973 Oil Crisis. ‘Nuff said. ~ This week so far: Not TACO but NACHO – “Not A Chance Hormuz Opens”. Oil inventories globally are plummeting, first a sea, now on land. DOE data today at 10:30am today will surely confirm the big draws seen

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Paul Sankey April 29, 2026 8:56 AM No Comments
Energy Transition
Paul Sankey

Sunday Second Fastest Runners

This week, delighted to say we will host Ed Morse, the most tenured oil analyst on Wall St, a legend, to Happy Hour at our regular 4pm ET time slot, Thursday (30th April – time flies). I appeared on CNBC with Ed live from the NYSE in March 2020, and listened to answers very, very carefully. I walked away and tripled all my demand destruction forecasts, worked out the combination of Saudi at record production

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Paul Sankey April 26, 2026 8:36 PM No Comments

Replay, June Goh Singapore Oil Refining Expert on Happy Hour just now

Really interesting stuff. One hour. China humanitarian exporting oil products to Vietnam and Cambodia is interesting. No Singapore emergency stocks of crude to start crisis was also interesting. 60% utilisation of refining, Singapore around 1.3mb/d capacity is also lower than I thought. Looking more into that number. Bullish distillate now, gasoline Q3, fuel oil/bunker Q3. https://analysthub.zoom.us/rec/share/tdH_ayQL1U_AaOlu63UMTw1Ru6hoSDkoCaQrVyGucjTIoe3Z-iB7CN9ZVJ-lx3Fx.RP8clyAVaVebmFNK AI summary, AI picked up the humanitarian. This meeting was a comprehensive discussion about the global oil crisis, focusing

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Paul Sankey April 22, 2026 10:13 AM No Comments