By Paul Sankey
Published on October 6, 2022 at 7:47 AM
Russia Deputy Prime Minister OPEC exit interview – not exuding joy Oil market chat Vienna ~ If you want to know where you are in the mega-theme of “The End of the Oil Age”, well, years ago I postulated that, at the end of the oil age, OPEC will get into a market share war, a desperate bid to produce oil as fast as possible, as the world shifts to alternate fuels, and oil in […]
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By Paul Sankey
Published on October 4, 2022 at 2:43 PM
BIG “CUT”- OPEC will either re-set quotas, announce around 1mb/d cut, or leave them and announce 2mb/d+… ? Nobody can say how a price cap would work – including the CEOs/Snr Execs of Trafigura, Vitol, Gunvor Shell CEO: China added more coal consumption in Q3 than the entirety of Shell’s annual global energy production Aramco CEO: major mangrove investment; world is short spare capacity and pricing short term ~ Forgive the stream of conciousness here, […]
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By Paul Sankey
Published on October 1, 2022 at 7:58 PM
Your correspondent is flying tomorrow at 7am La Guardia to Houston for Steve Chazen’s Memorial at 2pm assuming flights co-operate, and so this week’s Sunday is here on a Saturday; a brief highlight reel, or should that be “bloopers” “fails”, and “cringe” in this tape. From the UK pound, to Japanese Yen, to Credit Suisse credit default swaps (CDS) this is a market at war with itself, quite literally. The incredible sabotage to the Nordstream […]
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