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 October 5, 2025 at 7:47 PM
She was looking kind of dumb with her finger and her thumb, in the shape of an “L” on her forehead. Smashmouth: All Star For generalist readers, those of you who came for the oil analysis and stayed for the random walk through my personal life, this Sunday we just focus on OxyChem, passing on NEGATIVE US natgas prices (how amazing is that thematically, if no surprise) with a brief outlook for the week ahead. …
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By Paul Sankey
Published on October 12, 2024 at 1:58 PM
With ExxonMobil approaching a December 11th analyst day, which we believe is not only a major milestone in the company’s history, but also global oil & gas history, we did what we did with Guyana. We took it to the mat. In this extensive note, we went back through every ExxonMobil conference call and analyst meeting, starting with the company’s completely wrong forecast for the US hydrocarbon balance in 2006, through the 2010 XTO deal, …
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