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Paul Sankey

Sunday Monkeys & Passports

I lost my passport. So, greetings unplanned from sunny Morelia, Michoacan, el alma (the soul), of Mexico. Would that I was writing from Brooklyn Heights, but shiznit happens. Lost my passport, missed my plane, found my passport. Oops. Taking same flight today, a day later. You cannot fly international on a Green Card, you have to have a passport. The airline will not let you on the plane, even though now, I need no documentation…

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Paul Sankey

Morning Sellside Bulls & Buyside Bears

Bullets from our oil market conversation last night, that was dominated by star guest Kathleen Kelley, but these comments are deliberately a mix of the observations made: Bearish: Biden Administration Energy Secretary Jennifer Granholm walkback comments regarding NOT rebuilding the Strategic Petroleum Reserve (this year), despite prices that have fallen below the $72/bbl floor at which she had said the US would start rebuilding. This further undermines what little credibility the Administration has with the…

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Paul Sankey

Mid-Morning Non-Consensus

This evening, our favourite former advisor to the Saudi Oil Minister, Kathleen Kelley on commodity markets. CEO of Queen’s Gate Capital. 5pm Eastern Time. 9pm London time. 3pm central Mexico time, from where I am hosting. Back in Brooklyn Saturday, God willing. Register in advance for this meeting: https://analysthub.zoom.us/meeting/register/tZMvcO2orzwtHN3wVCRJPwlFFKbVr9TgmSjQ ~ The tape is bouncing around and taking alternative energy up and down like a yo-yo, never mind the oils which are struggling with the sell-off…

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