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

The Knicks, Vultures, and “The Art of the Deal”

As I write this, we are rushing to get ahead of the 3:30 p.m. ET press conference planned for President Trump today regarding the seemingly endless “Deal Very Soon” situation with Iran. Let’s repeat our quote from the 2000s Iran nuclear EU “It’s like playing chess with a monkey. You get them to checkmate, and then they swallow the king.” Watching the U.S.–Iran dynamic right now feels exactly like watching a Knicks game: we constantly

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Paul Sankey June 14, 2026 4:26 PM
Energy Transition
Paul Sankey

CASY Wild: Wings, Pizza, Gasoline (and BP)

Happy Hour today with Neil McMahon is POSTPONED until 24 June, so, just a couple of weeks. And he will have been in the Middle East in the interim, so that works. Kimmeridge (for he is founding partner) has declared Final Investment Decision (FID) on Commonwealth — a 9.5 Mtpa (~1.25 bcf/d), $13bn Louisiana LNG export project with 2030 start-up — in partnership with Abu Dhabi’s Mubadala Energy and CPP Investments (24.1% and 31% of

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Paul Sankey June 11, 2026 1:01 PM
Energy Transition
Paul Sankey

Sunday 100 Days of Hormuzitude

So there it is, 100 Days of Hormuz. Homework this week is easy, just a few words on Bunker Markets. Globally refiners are straining to meet max clean product needs (JetFuel, Distillate, Mogas), and it is marginal products that are heading towards physical shortages in June, such as US base oils (the Pennzoil for your AC Cobra, there are already shortages as we have covered), and Bunker fuel for ships, a marginal product dominated by

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Paul Sankey June 7, 2026 6:37 PM
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