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 …
Read More
By Paul Sankey
Published on March 9, 2025 at 4:43 PM
With the violent markets and noise, we are reluctant to chase the puck week-by-week, and so we step back almost entirely into a long term thematic: Chevron Tengizchevroil, and a really positive view of Chevron here. That thematic is linked as a pdf just below, hope you enjoy. The key section is highlighted in the contents under the imaginative title “Key Section”. Essentially, the genesis & core of this note was Greg Bordelon going back …
Read More
By Paul Sankey
Published on March 2, 2025 at 3:27 PM
Greetings, Beautiful day here in London, darkening now at 5pm, although temperatures are still wintry-chill, the sun was blazing, and in London, the daffodils are out, following the snowdrops that emerge as early as late January. From here in London, we have another six months of spring, and then go into Autumn. The questionable London summer is a brief transition. By contrast in New York we go from Arctic weather to summer heat with nary …
Read More
