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 […]

Read More

Morning Sankey 2/9/21

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 […]

Read More

Sunday Sankey 2/7/21

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 […]

Read More