Titanic Deckchair Re-Arrangement Committee (OPEC) Meeting Concludes

By Paul Sankey Published on December 5, 2024 at 12:09 PM

This evening 4pm Happy Hour with Kathleen Kelley, special listener Ed Morse, and clients, to discuss OPEC. Register here for an OPEC chat, PREMIUM EVENT: https://sankeyresearch.com/conference/sankey-strategy-session-kathleen-kelley-interest-form-6/ Have to run after Happy Hour to the annual “Sellside Analyst Appreciation Dinner” with Chevron senior management this evening. They put us in stocks and throw mud pies at us. Only kidding, looking forward to it. ~ Man, normally oil pops on an OPEC extends cuts decision, and then …

Sunday Thanksgiving, Turkey, Syria, and Pinball

By Paul Sankey Published on December 1, 2024 at 4:56 PM

Greetings from Brooklyn Heights, Freezing! Trump brings us a new theme: “the pinball market”. Thanksgiving was a sort of proxy disaster this year, more of that to end this note. Suffice it to say that I hope you had a healthy, wealthy, and wise Thanksgiving. Thank you all for being clients, and if you are not a client and reading this, you should be paying, please. You are a Grinch to us, a thief of …

Morning Mayfair October Grey

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 …