By Paul Sankey
Published on May 18, 2025 at 2:30 PM
This Sunday note is primarily further to Woodside. We had dinner with Graham Tiver, Woodside CFO, last Tuesday evening. ~ Right now we are focusing on thematic research, because there ain’t no point in chasing this market day-to-day. With that said, to now comment very briefly on markets, we had Torsten Slok on Happy Hour Thursday, so we are covered on macro. We emailed you his slides. Every indicator with the possible exception of US …
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By Paul Sankey
Published on April 26, 2025 at 4:55 PM
He said, Xi said (nothing). We all suffer lunacy in tracking the often-antagonistic, sometimes-capitulative iterations of this “nonsensical” trade war. Headlines this week have drifted towards hyperbole, portents of the death of US-China energy trade – especially oil and LNG. In this note we tit-tat US-China energy. Key points: US energy trade with China is one worldscale trade where we, the USA, are in major trade surplus, globally the dominant supply player, and effectively control …
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By Paul Sankey
Published on March 26, 2025 at 8:57 PM
Before he hit the podium at the Shell 2025 analyst meeting yesterday, I had a nice and very humorous chat with CEO Wael Sawan about being part of a group of stealth-Canadians – with Murray Auchincloss the CEO of BP and Greg Ebel the CEO of Enbridge – who had hockey jerseys under their suits in the Trump Oil Executive White House summit last week. Evidently they were all at one end of the table …
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