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 20, 2026 at 12:38 PM
Recording of Uzi Yemin call yesterday, balanced stuff, interesting perspective direct from Tel Aviv to me in San Juan Puerto Rico. I am back in Brooklyn now, rest assured. https://analysthub.zoom.us/rec/share/XuZbmceTg9iY1K30JOrN2alXW2n1AudKlHa2tJrUwyHmTzQoox5vWBsyCN4ralQ.pXt8MVT6rZTyCI-M
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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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