By Paul Sankey
Published on September 29, 2024 at 2:23 PM
What happens if oil breaks $50/bbl? From our April note earlier this year introducing our CUSP concept: “Forecasting agencies, trading houses, banks, analysts, and journalists, continue to be anchored in the redundant methodology for analyzing the global oil market, namely deriving the ‘Call On OPEC.’ We posit rather, that the oil market works today on “Call on US Supply.” We call it CUSP. The key balance in global oil market is “Call on US (Unconventional) …
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By Paul Sankey
Published on September 6, 2024 at 11:00 AM
Numerous conversations with clients this week, which was fun. I miss the days of the trading floor, of the random conversations, of the face-to-face interaction, hey, the water cooler. We had a great live Happy Hour on the rooftop of the Knickerbocker Hotel this week. My friend Rob is in New York luxury hotels, and business has never been better. The head of events at the Knickerbocker said “We get 85% occupancy without trying, and …
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By Paul Sankey
Published on July 14, 2024 at 10:35 AM
Greetings from Reykjavik, Iceland. It’s a geologist’s dream, this place. Did I miss any news? ~ Well, for sure I will remember where I was when Donald Trump got shot. With all the coverage, I will spare you too many more yards of jabbering regarding this drama – there are many more yards to come. “Where were you when… ?” In 2002 I was in Reykjavik for England vs Denmark in the World Cup, we …
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