By Paul Sankey
Published on July 27, 2025 at 8:35 PM
Let me put my arm round your shoulder and talk to you about oil markets. Because we hit a notable moment in US oil history this year: In 2025, the US became a net oil exporter to Nigeria We have a couple of nice charts on the incredible shift in US oil trade dynamics since the 1970s. Petrodollar? It appears smaller on this screen. We also check in on Iraq, which is extremely important at …
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By Paul Sankey
Published on July 20, 2025 at 5:49 PM
I sent you a slab of text yesterday, a Thematic, our favourite work, on US power markets, and specifically the upcoming PJM auction results. I have re-attached the note to this email so you can plunge into it, if you have not already. It’s linked at the end of this note and is entitled “Understanding PJM: The Auction” which results are due this week, Tuesday 22nd July. ~ Top of mind, very disappointing share price …
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By Paul Sankey
Published on July 6, 2025 at 7:44 PM
Que tal, You meet me in philosophical mode. As you can infer from the banner photo today, I am writing to you sitting by a stunning infinity pool villa, in Zihuatanejo, Mexico, Pacific Coast. Zihuatanejo was notably featured in the 1994 film The Shawshank Redemption, in which the protagonist Andy Dufresne (played by Tim Robbins) escapes from prison to Zihuatanejo. “How are things?” “Nobody is dead or in prison” in one of my standard responses. …
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