By Paul Sankey
Published on October 19, 2025 at 8:10 PM
Greetings from a very “Fall” Brooklyn Heights, Just a quick wander today, later this week we will warm up for Rich Kruger on Happy Hour (CEO Suncor) with the look at the drama between Cenovus, MEG, and Strathcona. Canadian oil takeover drama. https://sankeyresearch.com/conference/sankey-strategy-session-rich-kruger-president-ceo-of-suncor-interest-form/ Not so much Autumn and Guy Fawkes night, I left London somewhat sad, blew into Nashville, and now am back in New York City. Darkness coming earlier; the wind whips the drying …
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By Paul Sankey
Published on September 21, 2025 at 5:46 PM
The world seeming began to turn with a couple of comments I was making last week “Why is China storing so much oil?” that was originally included in last week’s note on global LNG over-supply, but was then saved for this week. Sure enough, Javier Blas went after the question directly in a column on Wednesday: “Why is China Stockpiling So Much Surplus Oil?” Adding to the Zeitgeist shift on oil – Peak Oil Supply …
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By Paul Sankey
Published on September 14, 2025 at 7:35 PM
Refining margins are doing well as we enter the bearish period for oil prices, with Russian refining and sanctions impact visible in Middle East oil prices vs Atlantic Basin (Brent-Dubai spread) and tanker rates (soaring). Phone a friend… I asked shipping guru (former Morgan Stanley #1 ranked tanker and oilfield service analyst) Ole Slorer why tanker rates are soaring? “OPEC” he replied, keeping it simple. More barrels getting sucked into Asia, particularly, it would seem, …
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