Related Articles
Forward article link
Share PDF with colleagues

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

Also in this section
A new dawn for Saharan solar power?
8 September 2017
Plans are afoot to harness North African solar power to supply Europe, despite previous ill-fated efforts
Nuclear next for Egypt
6 September 2017
The country's expanding energy mix is aimed at ensuring steady electricity supply, thus minimising the risk of social unrest
Renewables: India's magic pill for energy demand?
24 August 2017
India may not meet all its ambitious clean energy targets, but renewables will play a vital role, alongside hydrocarbons, to help meet the country's burgeoning electricity consumption