By Paul Sankey
Published on March 7, 2021 at 12:19 PM
This past week saw the worst market for US crude since modern records begin in 1990. We saw the lowest US domestic crude oil demand in thirty years or more. Who would have known it from the oil price action and oil market mood? Right when the scale of the Texas crisis hit, in terms of lost power, I was writing to you and on Bloomberg TV saying that this is a full-scale national crisis, […]
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By Paul Sankey
Published on February 9, 2021 at 8:51 AM
It was invariable, in a market with one dimension since the March lows “Don’t fight the Fed, buy-buy-buy with the Fed; cost of capital is close to zero, equity value is close to infinite” that eventually the laggards would have to rip, and so we “energy transition” oil analysts find ourselves basking in the glory of best performing sector in the market year to date. This , which was a joke that was made on […]
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By Paul Sankey
Published on February 7, 2021 at 11:32 AM
Snowing again here in Brooklyn Heights. One thing that is very striking in this week’s charts is the 6-10 Day weather forecast for North America. It is freeeeezing. Bluest map I can remember publishing, and we publish it just about every week in mid-winter and high summer. As noted our Happy Hour this past week was very bullish oil, basically the call is that oil just went up 15% in a month and is rising […]
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