By Paul Sankey
Published on June 3, 2026 at 6:42 PM
Yet again, we find the Hormuz situation has actually deteriorated. CNBC today interviewed Israeli PM Netanyahu. He remains hard line, talking Iranian regime collapse. Bond vigilantes are marauding today, 30 year going through 5% again. Equity market doesn’t like it. And when they write the history of the AI bubble 2022-2027, the issuance by Google of $80bn of stock in early June 2026 will be one red line that was crossed. We have said Argentina …
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By Paul Sankey
Published on May 31, 2026 at 7:05 PM
Amazing to watch May 2026 pass so fast, and Hormuz still all-but shut. Everybody points to June as the month in which things turn ugly in terms of tank bottoms, and price going exponentially higher seeking to destroy demand. But bottom line, prices are lower, and everyone is still merrily flying around. In this note we re-visit our JetFuel thesis – as we witness record flights, what’s the problem? We conclude that the key answer …
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By Paul Sankey
Published on May 27, 2026 at 3:15 PM
Onwards BP! First, a push into biofuels tomorrow on Happy Hour at 4pm ET, Thursday, Zoom. Stone cold US biofuel expert: Brett Gibbs – BBG intelligence – Moderator, Renewable Fuels Forum chat room Thursday, May 28th @ 4PM ET Submit interest: Click Here We shall write more, as D4 and D6 Renewable Identification numbers are hitting $2/gallon, adding around 20c to a gallon of US gasoline at the pump (10.5% ethanol blending requirement). The entire …
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