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Quote of the day: “I need the cash in charge if I want to finance the diversification,” CEO Patrick Pouyanne said at International Energy Week in London in February. “I need to maintain this dance. I need to continue to develop oil and gas.”
Energy Transition
Paul Sankey

Sunday B-b-b-baby, You Ain’t Seen Nothing Yet

Assuming you have not just returned from a vacation to Mars, there is no need to describe what happened last week. Remember our old line that “OPEC cuts are bearish US natgas prices?” Well, we come back to that later. OPEC increases this past week… bullish natgas. As we noted in the weekly video we sent Thursday/Friday, we like natgas, gold, (and tobacco). We don’t like refining, oil service, and E&P. Watch this week for

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Paul Sankey April 6, 2025 6:55 PM
Energy Transition
Paul Sankey

Double why me? US Trade War meets OPEC Market Share War

Doubly whammy for us; The world’s dominant trading partner declaring a trade war, And the world’s biggest cartel declaring a free market free-for-all on production. Oil is actually holding up okay, I mean only down around -6%, but things are about to get worse. We have just the right guests today for a midday market update. Frank Kelly can explain what on earth is going on in DC, and Kathleen Kelley can explain OPEC dynamics.

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Paul Sankey April 3, 2025 8:48 AM
Energy Transition
Paul Sankey

Sunday: People Have to Liberate Themselves

Brief today, as we wait for April 2nd, “Liberation Day” this week. There were plenty of words last week in the Sunday “Letter From a Bunker in London” as I pondered liberation. My iPhone 13 was up for free renewal, so I got a new iPhone 16, but boy does the “Arms Race” between Mag 7 players make it hard to set up a new combo of iPhone, Microsoft PCs, and Google. Total mess. Key

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Paul Sankey March 30, 2025 5:31 PM
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