By Paul Sankey
Published on September 4, 2022 at 8:32 PM
Labor Day outlook for oil and energy markets into year end; there is plenty more research to be done. You could make a big call on oil today for the next four months, and be wrong by Tuesday this week, with OPEC+ meeting Monday. If they cut and crank oil prices, you could make a bear call today, reverse your view on Tuesday and be wrong by Thursday when the ECB may be pushed towards […]
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By Paul Sankey
Published on August 21, 2022 at 4:02 PM
So I am back in Brooklyn after vacation (Nizuc Resort, Cancun), needless to say muttering and grumbling to myself. We left some calls hanging before the week away, updated in this note. It was a week this past week where performance reverted to year-to-date performance (see first chart); we are still bullish US natgas, led by AR, bullish Oxy led by Warren Buffett, bullish the US oil sector on the structural improvement in the companies […]
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By Paul Sankey
Published on August 9, 2022 at 9:12 AM
We are looking for a big fat gasoline demand bounceback number this week in the DOE data, seeing as this morning my Deli guy told me the DOE gasoline numbers are understated. Thanking him, I noted that DINO management (HollyFrontier) confirmed on their results call yesterday that gasoline demand is at worst around 5% below 2019 (not 2020, as appears in the DOE) levels, and in some of their markets – and they have a […]
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