By Paul Sankey
Published on September 16, 2026 at 10:39 AM
Happy Hour 4pm Thursday (tomorrow) this week: Tom Kloza, a great guest with deep knowledge of US oil market nuts & bolts, from refining to base oils, terminals, barges and arbitrages. My joke is that Tom started trading pork bellies in the roaring 20s when he was just 6, was a young gasoline pit trader in the 1980s, etc. He is assuredly from the old school of oil trading. On today’s DOE data: Source: X.com …
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By Paul Sankey
Published on September 13, 2026 at 6:21 PM
Greetings, Well we have quite the week-end headline from Saudi Arabia, with the officially-announced shut down of the East-West 4mb/d pipeline. Source: Reuters Meanwhile, indirectly adding to the pressure on Saudi Arabia, Iran meets UAE publicly. Keep in mind that my view had been the IRGC would never attack Dubai, because that is where their Ferraris are. The fact of direct attacks on Dubai by Iran was a massive red flag for the scale of …
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By Paul Sankey
Published on September 9, 2026 at 11:37 AM
Energy investors were shocked by the AI selloff in July, the tide went out real fast, revealing a lot of naked-long AI-energy swimmers. So yesterday, the Barclays start-of-analyst-year conference in New York had some strongly pleasing backdrop after a tough mid-summer: Oil hits $100 Refining margins off the scale Gulf Coast WTI 321 $67/bbl MARGIN Investor favourites Solaris Energy Infrastructure rips +16% on 40% guidance increase on first day of Barclays. We are back, baby. …
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