By Paul Sankey
Published on February 24, 2022 at 8:18 AM
Huge shock. Particularly to major European clients that had stated their house view: no invasion. Their view was weeks of noise, no invasion. What will happen to this extraordinary chart? We see demand destruction at $120/bbl, and think oil prices will continue to go to that level of demand destruction if US demand remains as strong as it currently is. Lagging US economic strength and upcoming summer speak to ongoing demand strength, even if it […]
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By Paul Sankey
Published on February 22, 2022 at 8:32 AM
Strategy Session this week 2/24, 5PM EST – Arjun Murti, Warburg Pincus, ConocoPhillips board member. As lead oil analyst and then head of research for Goldman Sachs, Arjun made the greatest oil call in the history of the sellside, predicting $100/bbl oil in the early 2000s at a time when oil traded around $25/bbl and had never traded above $40/bbl. He was right for the right reasons. Now publishing a Substack “Superspiked”, Arjun is one of […]
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By Paul Sankey
Published on February 17, 2022 at 8:52 AM
Strategy Session tonight, Doomberg. New guest date to-be-confirmed, Florian Thaler CEO of oil analytics company Oilx. We spoke to him yesterday on the subject of… The potential impact of Iran on oil markets in 2022. It is very different from 2015. In this note we briefly explain why. Iraq production falls 160kb/d in January – covered in this note. Accusations of cross-border shelling in Eastern Ukraine. No further comment in the note, but you can […]
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