By Paul Sankey
Published on June 4, 2024 at 9:56 AM
OPEC sets down a can, takes four steps back, runs up, and hoofs it towards 2025. We are looking for a huge summer for oil demand, given in May we had a major Asian heatwave, as part of a pattern whereby, if you think it is hot in Midland, Texas, spare a thought for Dhaka, Bangladesh. But our year-end 2023 video “When does Saudi have to flush the oil market?” garnered the most views of …
Read More
By Paul Sankey
Published on June 2, 2024 at 1:55 PM
Summer Greetings, Mexico and India elections culminate today in one of the busiest democratic years in history – the greatest in terms of number of voters. Incredible positive really. Violence in emerging markets/ Mexico and the limits on Indian growth because of democracy are two mega-themes. People want to live in Fascist States? Former case, we are expecting a major global leader assassination or deposal; we can only speculate on who and what impact in …
Read More
By Paul Sankey
Published on June 1, 2024 at 12:27 PM
“That must mean we’re up here at Gobbler’s Knob, waiting for the forecast from the world’s most famous weatherman, Punxsutawney Phil.” Phil Connors (Bill Murray), Groundhog Day (1993) We are back to writing about E&P M&A … again. Our conclusions are broadly unchanged: Big companies are being incentivized by the market to take over the small, but with an evolution on the margin that finds asset quality now of equal importance to valuation; we are …
Read More
