Sunday Sankey 3/14/21

By Paul Sankey Published on March 14, 2021 at 12:50 PM

There’s only one major Central Bank that is tightening right now, and it is the Saudi Arabian Oil Ministry. ABS (Saudi Oil Minister Abdulaziz bin Salman) has become the Alan Greenspan of the world oil economy, and he is relishing it.  Exactly as we expected, while the “ugly contest” amongst currencies has allowed the dollar to stabilize, the one lever over which the Fed has no control – oil – is not only rising rapidly […]

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Morning Joe

By Paul Sankey Published on January 5, 2021 at 8:41 AM

Valero webinar today! Me vs CEO Joe Gorder and team. Not too late to register on www.sankeyresearch.com Briefly OPEC+ noted: Russia wants to increase production, to satisfy its own private oil companies and probably thinking of inflicting sustained pain on US E&Ps as much as anything. Saudi wants to maintain cutback discipline, probably concerned about future oil supply shortages if the global industry faces another year of low prices in the $40/bbl on high OPEC […]

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Morning Sankey 9/21/20

By Paul Sankey Published on September 21, 2020 at 8:07 AM

The market looks weak this morning, and the news that Nikola founder and CEO Trevor Milton is stepping down is a notable moment in the history of hydrogen in heavy truck transport, and corporate fraud. We assume his completely unqualified brother will no longer be “Director of Hydrogen Production/Infrastructure” at Nikola. What a joke. Kudos to Hindenburg Research. Further to yelling on my part about how bad New York COVID policy is, note that a […]

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