By Paul Sankey
Published on March 8, 2026 at 7:56 PM
Well, that was quite a week. And there it is, oil through $100/bbl on the Tokyo open. It is blatantly clear that the Trump Administration had zero, nada, nothing, as contingency plan for Iran declaring the Strait of Hormuz shut to transit. Even now, their $20bn insurance knee jerk response has been completely ineffective. We are facing the largest overall oil & gas volume outage of my career, which started in 1990, Gulf War 1. …
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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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By Paul Sankey
Published on March 2, 2026 at 6:45 PM
Paul, Saw your comments re: the Strait [of Hormuz]. Trying to get a sense of why tanker volume is so low between 1. Insurance 2. Voluntary – “let’s wait” 3. Iranian posturing 4. Fear of attacks 5. Actual attacks… etc… Agree with you that certainly don’t have the Navy to do it and mining seems like an extreme step so question really I guess is what does it take to get tankers (non Chinese/Russian) moving …
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