By Paul Sankey
Published on October 7, 2026 at 12:00 PM
With a lot of newsflow, Happy Hour will feature Chevron tomorrow, Thursday Oct. 8, at 4 ET, with locked-in guest Jeanine Wai, Director of IR. Maybe she can bring a bonus guest. My Masters of the Universe dinner with a major market maker is tonight in Midtown. I am back in Brooklyn after a great weekend wedding in Michoacán, Mexico, the world’s avocado capital. DOE – Refining Right at top of Range for time of …
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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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