By Paul Sankey
Published on October 16, 2024 at 10:10 AM
Mayfair, London, meeting an oil analyst at a major macro fund this morning, we had a most enjoyable meeting – for me at least – as I pitched the lateral nature of Sankey Research, vs the vertical silo nature of Wall St research. Basically he had worked at refiners, E&Ps, banks, and now commodity traders/macro, and I was arguing that barrel counters in global oil analysis are good at oil markets, but horrible at oil …
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By Paul Sankey
Published on October 10, 2024 at 9:39 AM
Late nights London time these days, what with watching the Mets – cut me and I bleed blue and orange as nobody ever said about me, but I do follow quite closely because the doorman next door in Brooklyn Heights is a big Mets fan, and I chat to him every morning when I am home. Tonight we have no late night London Yankees nor Mets baseball but, in chronological order: Happy Hour today Thursday, …
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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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