By Paul Sankey
Published on November 8, 2024 at 7:30 AM
Daylight Savings Time claimed yet another victim, as I flew in from Abu Dhabi last evening, landed 8.30pm, and was whizzing back to London base in a cab, when Greg called: “Are you getting on Happy Hour?” he asked. Sure enough – “it’s not until 10pm” was the wrong answer. We hacked it from the back of the cab. ~ At ADIPEC I was watching a CVX executive and a Microsoft executive give the usual …
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By Paul Sankey
Published on October 31, 2024 at 8:20 AM
The two largest US natural gas E&Ps reported this week, which was interesting. Our observation would be that these companies have gone from buying volatility (hedging their production) to selling volatility (holding spare capacity of unproduced but quickly available natural gas supply) and hence will dampen volatility in US natgas. “Why have oil prices not soared on wild Middle East turmoil, oil should go to $200/bbl?” question the oil tourists. No, spare capacity massively dampens …
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By Paul Sankey
Published on October 13, 2024 at 1:53 PM
Greetings, Columbus Day tomorrow, market holiday in USA – boooo from London. But in the personal section of this note I wonder if it is time for my US citizenship. It will be too late for me to vote in November, but what a thriller this US election is proving to be. “Joe Biden deliberately sabotaging Kamala’s campaign” is one headline here in London – what does that mean for Israel going after Iran energy …
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