By Paul Sankey
Published on May 30, 2024 at 10:38 AM
Focus OPEC for the next two Happy Hours. At 4pm today, this evening a quick check-in with Kathleen Kelley “OPEC Whisperer” into this weekend’s meeting. It’s not long since we did a full session with Kathleen, so this evening is a quick tyre-kick. Next week, going into much more depth on oil markets, we have barrel counting legend Mr Jan Stuart, energy market economist, and my first office-mate at my first post-college career job: we …
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By Paul Sankey
Published on May 29, 2024 at 7:55 AM
First thought is not only Devon, as always the bridesmaid, but ever the bridesmaid to ConocoPhillips, who trumped them for Shell’s Permian asset package (~$9bn) and now announces the takeover of Marathon Oil. Devon was seen as in pole position to take over MRO; these are multi-basin deals and the best first for MRO were COP or Devon. Second thought, good news to get a decent premium back in oil deals. “It shows a decent …
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By Paul Sankey
Published on May 26, 2024 at 12:49 PM
Memorial Day weekend, a legendary moment of the great American year. “Summer 2024”. Man, it has a nice ring to it. I like round numbers, prime numbers, cool numbers, and 2024 has a great ring – so far. Best we can say, is It is unlikely to turn into 2020, we got past March. Market at all-time highs, new generation investment in AI, we spiral forward. With effectively zero unemployment, these are the times when …
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