Morning Hindsight is 2020

By Paul Sankey Published on December 31, 2020 at 9:41 AM

Duly noted: ExxonMobil confirms $20bn writedown with better upstream and chemicals earnings; refining still horrible. Smoke rising around Iran in the Middle East. Sabers are being rattled as the Trump Presidency reaches its final days. Clients should consider upside VIX exposure or other risk protection into the Iran situation and Georgia run-off that with as many as 3m votes already cast, may well swing Democrat to start 2021 off with a crazy first week for […]

OPEC Special

By Paul Sankey Published on November 29, 2020 at 10:43 AM

Please find attached our OPEC Thanksgiving 2020 note. Have a great Sunday. Best regards, Paul

Morning Sankey 11/18/20

By Paul Sankey Published on November 18, 2020 at 9:02 AM

There are lots of interesting stories out there to consider, hoping to publish on Iran later this week, a sort of primer. Also in this note: UK Energy Policy, Bitcoin, Non-OPEC Guyana & Norway. As tweeted yesterday on my Sankey Research Twitter @crudegusher it only takes a 10% rotation OUT of Tesla into oils, to generate $36bn of buying pressure on this emasculated S&P Energy sector with a $694bn market cap. Energy (S&P ex utilities) […]