By Paul Sankey
Published on October 1, 2026 at 1:11 PM
TODAY on Happy Hour, fantastic long term analyst Rob Connors, aka Crude Chronicles, we highly recommend his research product through Substack. Register here for the Zoom at 4pm today ET. https://sankeyresearch.com/conference/sankey-strategy-session-robert-connors-interest-form/ Source: The Crude Chronicles You can sign up for Rob (https://thecrudechronicles.substack.com/) after you hear him on the call, a former sellside analyst, he has a passion for literally going to the library and grinding through deep financial and particularly commodity history. As you will …
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By Paul Sankey
Published on August 1, 2026 at 3:37 PM
Illustrated below, Hormuz flows split crude oil vs products. We note the extent to which the war has interrupted oil product supplies globally, especially to Asia and Europe. Source: Kpler, Sankey Research, Claude The market tends to focus on the crude oil impact, but in reality it is gasoline trading at $150/bbl wholesale, not crude at $90/bbl. We did not quite get the celebrated $250/bbl, but Asian jet fuel hit $240.50/bbl on 4 March — …
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By Paul Sankey
Published on April 12, 2026 at 8:24 PM
Good day, Yesterday I found myself transported into a personal Gulf War moment. I was examining the extensive damage to my large air condenser unit, a major, brand new piece of infrastructure, just two years old. It had been hit directly from above by a 700lb incoming projectile. Direct hit to the top, wrecked. I had a flash the Qatar desert, considering engineers inspecting damage, must feel like this. The unit was obviously a write …
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