By Paul Sankey
Published on September 16, 2026 at 10:39 AM
Happy Hour 4pm Thursday (tomorrow) this week: Tom Kloza, a great guest with deep knowledge of US oil market nuts & bolts, from refining to base oils, terminals, barges and arbitrages. My joke is that Tom started trading pork bellies in the roaring 20s when he was just 6, was a young gasoline pit trader in the 1980s, etc. He is assuredly from the old school of oil trading. On today’s DOE data: Source: X.com …
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By Paul Sankey
Published on September 13, 2026 at 6:21 PM
Greetings, Well we have quite the week-end headline from Saudi Arabia, with the officially-announced shut down of the East-West 4mb/d pipeline. Source: Reuters Meanwhile, indirectly adding to the pressure on Saudi Arabia, Iran meets UAE publicly. Keep in mind that my view had been the IRGC would never attack Dubai, because that is where their Ferraris are. The fact of direct attacks on Dubai by Iran was a massive red flag for the scale of …
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By Paul Sankey
Published on July 13, 2025 at 6:44 PM
Ola, You might remember my line over the past few years, my line that the biggest danger I face when I travel to Europe, with its land wars, economic and migrant crises etc, is getting hit by a flying champagne cork. Sure enough today’s incredible tennis final at Wimbledon was interrupted by a flying champagne cork landing on court. Congratulations to both players, incredible. A certain Permian Oil CEO and I shared messages of incredulity …
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