Quote of the day: In a war of ego, the loser always wins

Replay: Brett Gibbs BI on Biofuels outlook

Dear Premium Subscriber, thanks so much for your support. Part of the refining bull case here is the soaring cost of Renewable Identification Numbers (RINs) and the biofuel market tightness in general. I thought Brett Gibbs of Bloomberg Intelligence did a great job of covering the story in one hour. The replay starts around 12mins in terms of actual content. Replay here: https://analysthub.zoom.us/rec/share/NhhB3zUBjgnL5ku-yC4foMLUH2YcpNH1VFCVsHb-FN3Fhj9SGs3AlXaMPyj1drq-.GM_0DATdhkRhx8jX Below, D6 and D4 RINs, not gaining much attention in terms of

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Energy Transition
Paul Sankey

US Gasoline: June trembled like a butterfly

Amazing to watch May 2026 pass so fast, and Hormuz still all-but shut. Everybody points to June as the month in which things turn ugly in terms of tank bottoms, and price going exponentially higher seeking to destroy demand. But bottom line, prices are lower, and everyone is still merrily flying around. In this note we re-visit our JetFuel thesis – as we witness record flights, what’s the problem? We conclude that the key answer

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Energy Transition
Paul Sankey

Happy Hour Pre-Briefing – Biofuels with Brett Gibbs starting now 4pm ET

This week – starting shortly – we host Brett Gibbs of Bloomberg Intelligence, a US biofuels analyst. You either know this subject stone cold, like Brett, with constant attention to the shifting quick sands, or you have to live like me, constantly reminding yourself what is going on, desperate to forget. Time for an update, because RINs prices are on a runner. Brett Gibbs – BBG intelligence – Moderator, Renewable Fuels Forum chat roomThursday, May

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