By Paul Sankey
Published on May 20, 2026 at 6:00 PM
NEW YORK, May 20 (Reuters) – The United States withdrew 17.8 million barrels of crude oil from its inventories, the highest on record, the Energy Information Administration said on Wednesday, as the Iran war has cut global supplies and raised demand for U.S. crude and products. In a week. Oil analysts nod and say “we are heading for operational minimum inventory levels, fast.” ~ When will I retire? We have booked Paul Cheng, recently retired …
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By Paul Sankey
Published on July 7, 2024 at 1:28 PM
Greetings! I tell you what, with me working from home, most Saturdays and every Sunday… my grip on what day of the working week it is can be confused, but this past week really snuck up on me – who knew the US was calling a week long holiday to celebrate the 4th July 2024? Very French, this just-past Thursday holiday. And during simultaneous Euro 2024 and Copa America soccer-max? I have been like a …
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By Paul Sankey
Published on April 7, 2024 at 5:02 PM
We sent you a theme note on BP & BPX yesterday, which was quite sad, remembering the John Browne Sun King glory days. In fact “harsh but fair” was feedback from one US E&P CEO. But as I have said many times, “if you ever feel sorry for an oil CEO, short the stock.” What should BP do? Get into Namibia. Buy a Gulf of Mexico deepwater player, but first cut out of transition investment; …
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