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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By Paul Sankey
Published on September 12, 2025 at 4:33 PM
Dear Premium client: Global gas royalty right here! This is a good tight hour on the latest view that boils off to chronic upcoming LNG over-supply. Great stuff from speaker Ira Joseph, with questions and comments from Jay Saunders (Jennison natural resources PM) and Gordon Shearer (Poten Partners global LNG consultant). I wholeheartedly recommend this hour long run through global gas, with sophisticated questions and comments. And mercifully few interuptions from moi. Thanks to all. …
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