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 1, 2026 at 6:32 PM
White House Refiner Meeting Summary post-meeting feedback from “I am on a plane leaving DC” Excellent source: “There seems to be full appreciation that the unintended consequences of an export ban would be severe”. That’s all you need to know, the single biggest risk to the US Independent refiner and (+XOM, CVX refining segment) is mitigated. We would argue Shell/Euro refiners would benefit from a ban. Carry on. ~ Second biggest macro risk is demand …
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By Paul Sankey
Published on July 30, 2026 at 12:54 PM
Today, if anyone wants to join, I will do an open mike session as our Happy Hour this week. 4pm ET by Zoom. It might be just you and me if you dial in. Which is good by me. I made a presentation to 100 insurance executives yesterday and I have been on both Bloomberg TV and Radio this morning, so I am rapping. Open Mike Discussion July 30th 2026: https://sankeyresearch.com/conference/sankey-strategy-session-open-mic-interest-form/ Things to chat about: …
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