By Paul Sankey
Published on September 3, 2026 at 11:46 AM
Today 4pm please join an all-star line up for Happy Hour Frank Kelly – Washington DC Kathleen Kelley – global macro expert Jan Stuart – global oil and gas market expert Gordon Shearer – global LNG expert For re-set view “latest on global oil and LNG” as we head into Barcap next week. · Date/Time – Thursday, September 3rd at 4pm ET · Registration – Click Here Note also we have drinks for a live …
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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 August 6, 2026 at 1:23 PM
I read a Tweet the other day that has been playing in my head: “What if the bubble is only just forming?” That got stuck in my head as we hit all time highs on the S&P5000 – before a Hormuz deal. No question, liquidity is sloshing, with the Treasury Secretary selling Euros to buy Yen… to keep the carry trade alive. Inflating markets. On ConocoPhillips there are other inner monologues in this note that …
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