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Sunday Sankey

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

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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Paul Sankey April 17, 2026 7:32 AM No Comments

Taiwan Semiconductor: Don’t Ask, Don’t Tell

~ Again noted further to our last Sunday thematic on Australia on Sunday “Upside Down Under” — Australia’s last of two remaining refineries, Viva Energy’s Geelong facility (~120,000 b/d, ~10% of national fuel supply, ~50% of Victoria’s), had an explosion, seemingly on the old classic risk: deferred maintenance to run harder in a crisis causes accidents, and that theme will continue globally. Gets worse: Australia’s largest ammonia plant shut down too — Yara’s Pilbara facility

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Paul Sankey April 16, 2026 11:57 AM No Comments

Happy Hour: Shipping Guru Ed Finley-Richardson

Tomorrow at *** 12pm ET *** Ed Finley-Richardson – Shipping Guru Date/Time – Thursday, April 16th at 12pm ET Registration – Click Here Tomorrow we have Ed. I heard him on the Jack Farley podcast, (which I have also done as a guest), a couple of weeks ago. Obviously with the dynamism here in shipping he is a great guest. Flotillas of tankers heading for the US Gulf Coast. https://edfin.substack.com Source: Linkedin ~ While we are talking multi-media,

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Paul Sankey April 15, 2026 3:07 PM No Comments
Energy Transition
Paul Sankey

BP: Trading Statement; Raising Our Brent forecast to $120/bbl for 2026

With everybody yelling about the massive disconnect of Dated Brent over paper Brent, which has been around a +$40/bbl premium in recent days, I have seen no mention of the large fact that the Big Oils earn Dated Brent, not the paper price that is killing oil bulls (long the paper) with frustration. So the price you see on your screen – Brent around $100/bbl – far understates what the companies will earn when they

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Paul Sankey April 14, 2026 10:32 AM No Comments
Energy Transition
Paul Sankey

Sunday Upside Down Under

Good day, Yesterday I found myself transported into a personal Gulf War moment. I was examining the extensive damage to my large air condenser unit, a major, brand new piece of infrastructure, just two years old. It had been hit directly from above by a 700lb incoming projectile. Direct hit to the top, wrecked. I had a flash the Qatar desert, considering engineers inspecting damage, must feel like this. The unit was obviously a write

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Paul Sankey April 12, 2026 8:24 PM No Comments
Energy Transition
Paul Sankey

Midday Product & Tanker not Crude Shortage

Greetings, Today, very shortly, 4pm Zoom Michelle Brouhard, Head of Policy & Geopolitical Risk at Kpler [global leading satellite/data intelligence focused on commodity markets]. A former oil trader and hedge fund player, Michelle is an expert in global oil balances, working for the premium oil flow intelligence player, Kpler. Register here: https://sankeyresearch.com/conference/sankey-strategy-session-michelle-brouhard-head-of-policy-geopolitical-risk-at-kpler-interest-form/ ~ 1. The problem: refinery capacity and ships, not crude supply My thoughts have been occupied with the global refining and oil product

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Paul Sankey April 9, 2026 1:18 PM No Comments