By Paul Sankey
Published on October 19, 2022 at 8:56 AM
With attention on a major oil announcement by President Biden today, widely leaked as a further Strategic Petroleum Reserve (SPR) release that amounts to stuffing a leaking dam with non-sustainable paper towels, we have been highly critical of the Biden Administration’s Energy policy. We have also slammed the European Union and UK, notably starting with our 2021 thematic note “Britain & Germany vs the USA” that foresaw a European gas crisis far before Russia ever […]
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By Paul Sankey
Published on June 30, 2022 at 8:08 AM
Briefly noted: Gazprom shares plummet -25% as shareholders reject record dividend plan Uniper, largest German buyer of Russian gas, shares plummet -18% as it says it is receiving just 40% of volumes ordered from Gazprom After two weeks in the dark, with no weekly oil data published, the US Department of Energy released the backlog yesterday. The DOE was keen to stress the “systems outage” was not a hack. Better not be, DOE manages emergency […]
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By Paul Sankey
Published on June 1, 2022 at 8:57 AM
Wednesday already! Tomorrow we have the legendary Mr Bob McNally on Strategy Session. Author of Crude Volatility, a terrific history of global oil prices, Bob is one of the most experienced, thoughtful, connected, entertaining, and outspoken oil analysts of the past 20 years that we have known him. Register in advance for this Premium Event, tomorrow, Thursday, 5pm ET 6/2/22: https://us02web.zoom.us/meeting/register/tZUud-iopzIjHtwxZSBacic_3OqJmo5vAzQj ~ The news that Tullow and Capricorn (formerly Cairn) are to merge brings together […]
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