By Paul Sankey
Published on June 14, 2026 at 4:26 PM
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 …
Read More
By Paul Sankey
Published on March 27, 2026 at 10:03 AM
If ever there was a graveyard slot, it is the Friday of CERAWeek. This year the giant executive conference was a bit of a dud, basically because the GCC Oil CEOs, such as Amin at Aramco, KPC, Qatar, cancelled attendance. And everybody is clueless on how to open the Strait. Kathleen has a non-consensus view on our Zoom, linked below. But it remains an amazing event to meet oil celebrities in passing. Certainly I was …
Read More
By Paul Sankey
Published on February 19, 2026 at 9:21 AM
DINO: well, I have seen some bizarre quarterly earnings beats, some bizarre management changes, but HF Sinclair DINO’s results yesterday were extraordinary. With the Street estimating 45c of Q4 earnings, the company reported a huge beat, underlying $1.20 of EPS, the abrupt exit of the CEO, an audit review whereby the results were un-auditable as of now, and then the Chairman came on the call, and said “I’m the CEO now, we can’t audit our …
Read More
