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WTI83.72+1.37+1.6636%

NATTY8.81-0.46-4.9622%

Quote of the day: In a war of ego, the loser always wins

Replay, June Goh Singapore Oil Refining Expert on Happy Hour just now

Really interesting stuff. One hour. China humanitarian exporting oil products to Vietnam and Cambodia is interesting. No Singapore emergency stocks of crude to start crisis was also interesting. 60% utilisation of refining, Singapore around 1.3mb/d capacity is also lower than I thought. Looking more into that number. Bullish distillate now, gasoline Q3, fuel oil/bunker Q3. https://analysthub.zoom.us/rec/share/tdH_ayQL1U_AaOlu63UMTw1Ru6hoSDkoCaQrVyGucjTIoe3Z-iB7CN9ZVJ-lx3Fx.RP8clyAVaVebmFNK AI summary, AI picked up the humanitarian. This meeting was a comprehensive discussion about the global oil crisis, focusing

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Energy Transition
Paul Sankey

Happy Hour starting soon 8:15am Julie Goh from Singapore on Refining

Starting NOW – Happy Hour today WEDS is at 8:15am ET. June Goh of Sparta Commodities is the Singapore refining expert causing an internet/Twitter oil Hormuz sensation with coherent and technically accurate Tweets on the subject. From a Singapore oil trading perspective. Bonus: she has 15+ years’ experience at Shell downstream, in all the refining business lines that are key right now. *** Register Here *** Guest – June Goh, Sparta Commodities – Wednesday, April

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Energy Transition
Paul Sankey

Morning POCUS

HEADS UP – Happy Hour TOMORROW WEDS is at 8:15am. Totally alternate time for our weekly Zoom, (it’s five o’clock somewhere). You guys will all be at your desks for over an hour by then. We are accommodating Singapore-based June Goh, she is very busy and 12 hours ahead. June Goh of Sparta Commodities is the Singapore refining expert causing an internet/Twitter oil Hormuz sensation with coherent and technically accurate Tweets on the subject. From

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Energy Transition
Paul Sankey

Sunday… First Pitch… and the Season’s Over

We meet again, “Negotiating with the Iranians” again. And bombing each other again. Not good. I am keeping this very short, there was a long note yesterday on European Jet Fuel crisis that was well received. I am sure you are following the headlines and that will set the agenda for next week. With that said, week ahead we have a terrific Happy Hour guest. June Goh is the Singapore refining expert causing an internet/Twitter

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Energy Transition
Paul Sankey

Hormuz Crisis Series: European Jets Jets Jets

Last week, having satisfied my curiosity on Taiwan and Taiwan Semiconductor (TSMC) — which basically concluded that TSMC will keep getting cheap reliable subsidized government electricity even if it means Mrs Cheng has no aircon. That is globally important; AI is the counter theme to Hormuz and after TSMC’s earnings call, we concluded they are good to go for another quarter of crisis, so relatively very comfortable. Nothing it at all comfortable right now in

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Premium: Global Shipping Zoom Replay Ed Finley-Richardson

Morning, I did a horrible job of publicising yesterday’s call with Ed Finley-Richardson who is terrific on global shipping. Really commercial, he trades his own book from the South of France. One invite went out Wednesday, but in a horrendous rush yesterday my note on TSMC was meant to include an invitation but actually went out at 11:56am for a 12pm call and did not include the invite. “Somebody is going to get fired, and

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