Citi's oil bear makes a move
One of Wall Street's best energy analysts is packing up to go and sell solar panels in Costa Rica. Over steak in London, Seth Kleinman explains why
"A pay cut from Citi? Yeah—infinite, percentage-wise. As of the end of this month I will go from making a lot of money to zero." Seth Kleinman is speaking, half way through some Argentine beef, in a restaurant near London Bridge. He's explaining why he's leaving his job as global head of energy strategy at one of the world's biggest banks to move to Central America—and why it's such an easy decision. Kleinman is clear-eyed, eloquent and punchy on the subject of oil. It's why his commentary on the market for Citi has been so popular. He's just as forthright on oil's problem and why he wants out. Oil bulls should stop reading now. An epoch-making shift is underway in global energy, believes Kl
Also in this section
14 January 2025
Bioenergy will be a key part of the energy transition as the world decarbonises, and Brazil is set to be a major player in the sector
14 January 2025
The region has ample resources of both gas and renewable energy and developing both will be vital to the global effort to reduce emissions
13 January 2025
The region’s fast-growing economies stand at a pivotal juncture, with the opportunity to drive a sustainable growth strategy that will keep the world’s net-zero ambitions alive
10 January 2025
Global energy demand keeps rising, and digital technology will play a crucial role in both meeting that demand and doing so in a sustainable way