Friday: OPEC meeting continues

By Paul Sankey Published on December 3, 2021 at 9:03 AM

So the December 2021 OPEC did not end. But the working decision was to increase production. Having not met the previous decision to increase production. OPEC+ also decided to continue to require those that had exceeded previous quotas, should still have to cut back to make up for excess production previously, with lack of production currently. Yep, it’s a mess, and in this note I publish a table that tries to make sense of it […]

OPEC Special

By Paul Sankey Published on November 29, 2020 at 10:43 AM

Please find attached our OPEC Thanksgiving 2020 note. Have a great Sunday. Best regards, Paul

Morning Sankey 11/24/20

By Paul Sankey Published on November 24, 2020 at 8:18 AM

The oils continue to be lively driven by the surprising up-move in Brent & WTI crude prices, that has come at a point that looked by some measures to be max bearish. If you recall, over the last days of October, Brent fell from $43/bbl to $37/bbl and looked like it might have a run at $30/bbl, COVID resurging, Europe shutting down. Libya roaring back with 1mb/d incremental light-sweet supply. That bearish Atlantic Basin picture […]

Older Entries