By Paul Sankey
Published on March 3, 2025 at 9:01 PM
Obvious first take is that the order came down from on high: Trump says “increase oil production” and MBS (Saudi Arabia) and Putin (Russia), the baseload of OPEC+, decide to increase production. Simple. Thus it was announced in an an official OPEC+ Press Release this afternoon that tape-bombed the oil market (wider market already plummeting), “OPEC to increase production into an over-supplied market”, with the mood on Wall Street in full “sell them all” mode. …
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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 …
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By Paul Sankey
Published on January 26, 2025 at 4:38 PM
A short catch up note today, struggling to see through the blizzard of wood chippings flying out of Washington DC: smoke, flames, feathers, shards of ice … in fact the blizzards and smoke are veritably across the whole USA, as President Trump seems to be everywhere, and making speeches everywhere, with regular but subject-scattered commentary, at-times with wild implications. And that was Week One. Gone are the days of Joe Biden making “no comment” or …
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