By Paul Sankey
Published on June 23, 2026 at 12:39 PM
Hola, It was a relief to start the week as we hoped, with some non-Hormuz corporate newsflow, and in this note we talk about the Chevron vs Microsoft Permian mega-data center announcement. Relief, because my Sunday note on the geopolitics of the nation players in the Hormuz talks was exhausting to write, and sure enough the weekend talks yielded a framework for more talks, or something. Talks about talks for talks. The point of the …
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By Paul Sankey
Published on May 3, 2026 at 4:02 PM
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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By Paul Sankey
Published on November 2, 2025 at 8:17 PM
My Dear Correspondent, I was out all night last night. But to be clear, this nuit blanche, was not the “Do you fancy a swift half after work?” turning into an twelve hour bender, to return laughing uncontrollably as day breaks, having lost your tie and keys, loudly trying not to wake an incandescent wife. No sir, what would I know about that anyway? In fact, here in Michoacan, Mexico, we did a tour of …
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