By Paul Sankey
Published on October 10, 2025 at 10:14 AM
With oil wobbling down towards under $60/bbl WTI, we started our Happy Hour with Kaes Van’t Hof talking about a bearish bet that we had shared back when Donald Trump announced the Penguin Tariffs. Here is the recording, it is interesting that neither I, nor more importantly Kaes, can rationalise current commentary that has US oil production as rising quite strongly. It simply does not stack up with what he sees in the Permian, nor …
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By Paul Sankey
Published on September 30, 2025 at 1:19 PM
Happy Hour Jeanine Wai, former top-ranked US Major Oil analyst, now IR with TOTAL, fresh from their analyst meeting that was held Monday this week, and subsequent investor feedback. Owing to Yom Kippur (after sundown tomorrow) we are bringing the call forward to 12pm ET Wednesday October 1st. That’s 5pm for me in London. Register here for Ms Wai, PREMIUM EVENT: https://sankeyresearch.com/conference/sankey-strategy-session-jeanine-wai-totalenergies-interest-form/ Like ENI, TOTALEnergies is planning to grow quite fast: 4% annual growth. And grow free …
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By Paul Sankey
Published on September 26, 2025 at 1:57 PM
Last night we had an excellent discussion with Jon Rigby, which is a great listen for those interested in management theory, and of course ENI. “Oil companies depend on two things: people, and process”. The conversation proper starts at 7.30 mins. https://analysthub.zoom.us/rec/share/YFyVyUv29bwcWQHoDVKn4s2sj1kLuXBoObt-pPONJywX9yNKls35NYsWVnXkrKpp.L-BT9tO6WjFVaGH-?startTime=1758815678000 Sorry, I was remiss in not distributing last week: Tara Billingsley last week was described as “illuminating” by a US biofuels expert. One key point she made, while accepting that the EPA has …
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