This was a really enjoyable call and we covered pretty much everything that is current in global oil markets. Thanks as always to Kathleen and Jan, with contribution from LNG guru Gordon Shearer, and some contribution from the buyside. Very bearish sentiment expressed in COVID-level short interest in oil futures. China, inventory and demand; Weak LNG; Copper and tariffs; Spare capacity; all-time record US liquids production; Weak demand in latest data, ex-US, which is not

We wanted to keep the tenor of Happy Hours going with a call every week. But my thematic is not completed yet. US E&P M&A – very much the theme of this week. Comments welcome, and remember, Mark Viviano of Kimmeridge is coming on Happy Hour later this month. He has taken one of our note titles to Coterra: “fire the board!” In the meantime I am grateful that my friends Kathleen and Jan can

Today at 7pm ET Happy Hour is hosted by Zerohedge. I am on with Arjun Murti, hosted by Eric Stevenson. Will send replay for those of you that cannot join live. “Oil is the only asset down this year” is the title… so fun. https://www.zerohedge.com/commodities/only-asset-down-year-oil November 6th EOG results 4pm. With a tsunami of oil results and EOG reporting after the market Thursday Happy Hour time, nobody covering oil needs another conference call next week.