Morning Mood Swing 3/30/21

By Paul Sankey Published on March 30, 2021 at 8:26 AM

Get ready for a dump of April Fool’s Day OPEC jokes as the Organisation meets formally this week, culminating on Thursday April 1st. Rollover is seen as the most likely outcome, which would be for April, Saudi extending its market control, with recent volatility in oil prices – ie downside moves – seen as the key concern. It’s a never-ending wonder trying to forecast oil markets, and now to be in new era. Here, we […]

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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 Sankey 3/12/21

By Paul Sankey Published on March 12, 2021 at 8:49 AM

Not sure about the Dad jokes this morning. But I will try a couple for sighs. I accidentally sprayed deodorant in my mouth this morning. Now I talk with this weird Axe scent. I got my friend a fridge for his birthday. I can’t wait to see his face light up when he opens it. How do you walk a dog with no legs? Hit him with the first pitch. We had our uber bull […]

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