Sunday Thematic: What Happens if Oil Breaks $50/bbl?

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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