By Paul Sankey
Published on July 1, 2021 at 12:04 PM
Having heartily joked that I have been snowed under all week… with soccer… yesterday was absolutely jammed with newsflow, and this morning we got an answer on our question of whether Saudi wants $80/bbl+ oil. The OPEC meeting story seems to be no July increase, with the market having lowered expectations to 500kb/d. Great call from Goldman on $80/bbl, which we always agreed with as regards demand. Once again yesterday in the US DOE data […]
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By Paul Sankey
Published on June 24, 2021 at 10:15 AM
Tonight 5pm June 24th on Happy Hour we have Charif Souki, Chairman and co-founder of Tellurian, the integrated Haynesville gas-to Driftwood LNG export project play. Should be a great chat! Register here Charif Souki on Sankey Happy Hour Next week, on Thursday July 1st, please attend the Sankey Research 1st anniversary party in Dumbo, Brooklyn. Email me for details on this informal get-together in one of the great destinations in NYC. Guess who is talking […]
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By Paul Sankey
Published on May 31, 2021 at 1:34 PM
OIL RISK HIGH. We have an OPEC meeting tomorrow, and the word is that Iran is pumping into storage on anticipation of successful negotiations with the Biden administration, which, for reasons I do not fully understand, is very keen to make a nuclear deal. This will allow Iran back into global oil markets. We understand that OPEC is warning Iran not to flood the market, and Iran is saying “we are going to flood the […]
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