Quote of the day: “In a time of deceit telling the truth is a revolutionary act.” George Orwell

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Paul Sankey

Sunday Armageddons and Sushi Lunches

Good day, Jan Stuart talked me off the bear ledge on Happy Hour this past Thursday. He highlighted, like the Saudis themselves, that there is still a high degree of market control here by Saudi. In this note we focus on this week’s comments by the Saudi Oil Minister, while in Russia. This week shareholder vote on Tesla is a big deal, we highlight it, but add little else, other than a chart showing that

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Paul Sankey

Post-OPEC Part III – But Wait it Gets Worse

Tonight on Happy Hour – 4pm ET – Johannes (Jan) Stuart serves as global energy strategist at Piper Sandler. A self-described oil-geek, Stuart and his team take a micro-fundamentals approach to energy analysis and forecasting – which frequently lands them away from consensus. Previously, Stuart spent 11 years in sell-side research, building leading energy-macro franchises at Credit Suisse, Macquarie and UBS. He was a journalist for much of the nineties and started his career at

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Paul Sankey

OPEC Communique Face Value: “We are heading for $50/bbl by end 2025”

Very hopeful next week on Happy Hour to have Rob West, who has been absolutely crushing the energy-to-AI theme at his independent research firm Thunder Said Energy. Subject to final confirmation. This week – tomorrow, Thursday June 7th, Jan Stuart is Happy Hour guest, oil market guru. As we digest OPEC+ latest meeting and the lurch lower in oil prices, subsequent to the meeting outlining the plan for returning OPEC+ cuts to the market over

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