By Paul Sankey
Published on November 28, 2021 at 4:36 PM
Very tricky to call, indeed! OPEC/Saudi surely will act if markets don’t bounce – my Middle East Intelligence says Saudi is worried about the price but wants to see the market follow through Monday. Fascinating real-time week coming up, we think there might be a unilateral cut by Saudi if the market continues to collapse. But for OPEC to do a cut, is extremely complicated. The easy out, given they have to do something unless […]
Read More
By Paul Sankey
Published on July 11, 2021 at 4:11 PM
Things in Morelia, Michoacan, Mexico, are okay, the upper-middle-class here do not like Mexican President Andrés Manuel López Obrador (AMLO) but ultimately, as we know, do politicians make a difference? Yes and no. Things are never as bad as you fear, and never as good as you hope. Broadly speaking, thinkgs are okay. Mexico has a major population – 127m – and huge natural resources, particularly we note agriculture, major wealth. There is a large […]
Read More
By Paul Sankey
Published on July 9, 2021 at 12:03 PM
It was the optimum Happy Hour last night, with two expert witnesses, Kathleen Kelley and Jan Stuart, both highly tenured oil market experts, and a mix of long-only and long-short investors, mutual fund and hedge fund. We were also spread across the globe from Amsterdam to Mexico, with Kathleen struggling in a New York flash flood situation that resulted in a viral video of a lady wading into waist deep water to the NYC Subway. […]
Read More
