By Paul Sankey
Published on September 19, 2026 at 10:29 AM
Love chatting to Tom, who really knows his racks. We started with my question: can you name the “Seven Sisters”? The 1970s nickname for the World’s Seven Biggest oil companies? It is like naming the Seven Dwarfs: getting the last one is tough. Source: Zoom, Sankey Research Replay is here, Tom Kloza vs Paul Sankey 60 mins, conversation starts at 4mins: https://analysthub.zoom.us/rec/share/rQEc1XCaXZ6xjlwR-4AMSM5oF0dvlB1I3OmDpNRY5t7HuqoMhfr1LA7eb5c8NX6I.mZ9MB8GNfYOV1EM0?startTime=1789674756000 Key Points Outlook in one line. Taking the other side of Goldman’s recent …
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By Paul Sankey
Published on March 24, 2026 at 11:58 AM
First day of CERAWeek started with a bang, in fact a series of bangs, but none of them were at the conference. We have TSA lines, air crashes, Port Arthur refinery (395kb/d and shut, thankfully with no reported injuries), the biggest refinery of the biggest US independent refiner Valero, seeing its distillate hydrotreater blowing up. The market is screaming for distillate, and about going hoarse after this one. We were 24 hours in to President …
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By Paul Sankey
Published on March 4, 2026 at 10:03 PM
LNG superpower Qatar finds itself having been bombed by both Israel AND Iran within the past year. Now a gigantic oil and gas outage, and notably the unprecedented shutdown of the world’s single largest LNG facility, which is a multi-month outage, will roil markets far more than is currently being discounted in relatively muted energy and equity market responses. The world is sold out of LNG supply, and this gas would represent around 2mb/d of …
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