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What to expect from oil prices
  + stars: | 2024-04-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat to expect from oil pricesPaul Sankey, Sankey Research founder and lead analyst, joins 'Money Movers' to discuss if the market was primed for the weekend's geopolitical events, if sanctions will come from the recent events, and more.
Persons: Paul Sankey, Sankey Organizations: Sankey Research
Endeavor merger is a 'big win for Diamondback', says Paul Sankey
  + stars: | 2024-02-12 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEndeavor merger is a 'big win for Diamondback', says Paul SankeyPaul Sankey, Sankey Research, joins 'Fast Money' to talk mergers in the energy sector following the Diamondback and Endeavor merger announcement.
Persons: Paul Sankey Paul Sankey, Sankey Organizations: Endeavor, Diamondback, Sankey Research
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEnergy stocks are still attractive despite crude oil pressures, says top analyst Paul SankeyPaul Sankey, Sankey Research, joins 'Fast Money' to talk the energy sector, pressure on crude oil prices, where to invest in the space and more.
Persons: Paul Sankey Paul Sankey, Sankey Organizations: Energy, Sankey Research
Watch CNBC's full interview with top energy analyst Paul Sankey
  + stars: | 2024-01-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with top energy analyst Paul SankeyPaul Sankey, Sankey Research, joins 'Fast Money' to talk the energy sector, pressure on crude oil prices, where to invest in the space and more.
Persons: Paul Sankey Paul Sankey, Sankey Organizations: Sankey Research
So far, Woods' plans have turned investors demanding an energy transition strategy into believers - at least on climate. At the same time, the company plans to have a leading role in the vehicle electrification business. Reuters GraphicsMORE OIL VS GREEN AMBITIONExxon's ambitious agenda includes starting up the world's largest hydrogen power plant by 2027. RISKY BUSINESSThe $17 billion budget for low carbon technologies as the company's total revenue grows next year "will continue to rise", the CEO said. Spending in low carbon currently is constrained by scarcity of customers willing to sign up for contracts and insufficient regulations, Woods said.
Persons: Darren Woods, Carlos Barria, Woods, , Paul Sankey, Sankey, Chris James, Dan Ammann, Goldman Sachs, Neil Mehta, Ammann, Brian Weeks, Chris Bohn, Sabrina Valle, Richard Valdmanis, Gary McWilliams, Anna Driver Organizations: ExxonMobil, Economic Cooperation, REUTERS, Exxon Mobil, Natural Resources, Chevron, Reuters, Exxon, Sankey Research, Carbon Solutions, Thomson Locations: Asia, San Francisco , California, U.S, United States, Sankey, Americas, Brazil, Guyana, Texas, Gulf of Mexico, Houston, Dubai
OPEC is facing growing challenges in its efforts to boost oil prices amid record output outside the alliance, particularly in the U.S., raising questions about how long the alliance can maintain its deep production cuts. The outcome is a "bittersweet victory" for OPEC kingpin Saudi Arabia, wrote Jorge Leon, senior vice president of Rystad Energy, in a note Thursday. With oil prices down more than 14% since September highs, traders were hoping that OPEC could provide a boost. In the end, Saudi Arabia may have only one option — launch a supply war by flooding the market with oil. The 2.2 million bpd in voluntary cuts from the coalition of the willing is somewhat deceiving.
Persons: Jorge Leon, bode, Leon, Brent, Natasha Kaneva, Paul Sankey, John Kilduff, Kilduff, it's, Sankey, Kaneva, Goldman Sachs, Goldman, Daan Struyven, Struyven Organizations: Rystad Energy, Traders, Sankey Research, U.S . Oil, U.S, OPEC, United Arab, Goldman Locations: U.S, OPEC, Saudi Arabia, Riyadh, Saudi, China, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria, Oman
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. oil production is a 'real problem for OPEC', says top energy analyst Paul SankeyPaul Sankey, Sankey Research, joins 'Fast Money' to talk today's OPEC+ meeting, what's ahead for the energy markets and more.
Persons: Paul Sankey Paul Sankey, Sankey Organizations: Sankey Research Locations: OPEC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina is not going to want Iranian oil cut off, says energy analystPaul Sankey, president and lead analyst of Sankey Research, noted that cutting off Iranian oil supplies from China is perceived to be the "big risk" of the Israel-Hamas war.
Persons: Paul Sankey, Sankey Organizations: China, Sankey Research Locations: China, Israel
Is a wave of M&A about to spread through the energy trade?
  + stars: | 2023-11-07 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIs a wave of M&A about to spread through the energy trade? Paul Sankey, Sankey Research, joins 'Fast Money' to talk the crude oil market and dealmaking happening in the space.
Persons: Paul Sankey, Sankey Organizations: Sankey Research
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGuyana is the best asset in global oil, says top energy analyst Paul SankeyPaul Sankey, lead analyst at Sankey Research, joins 'Squawk on the Street' to discuss his thoughts on the recent deal between Chevron and Hess, why he didn't think Chevron could acquire Hess, and more.
Persons: Paul Sankey Paul Sankey, Hess Organizations: Guyana, Sankey Research, Chevron, Hess
The widely followed energy analyst is often ahead of the curve, including in early 2020 when he warned that oil prices could dip negative. And if there's a recession, less economic activity should lead to even lower oil prices. However, higher oil prices would further weigh on demand from consumers and businesses, which raises the risk of causing — or worsening — a recession. Paul Sankey, Sankey Research (based on Bloomberg data)Although refining margins have downward momentum, Sankey said a long oil market drawdown isn't necessarily a foregone conclusion. Geopolitical tensions are an increasingly serious threat, JPMorgan CEO Jamie Dimon has recently warned, and a sudden conflict breakout could cause oil prices to surge.
Persons: Paul Sankey, Sankey, Platts, It's, it's, they're, Jamie Dimon, he's Organizations: Sankey Research, Mizuho, Wolfe Research, Deutsche Bank . Institutional Investor, JPMorgan, OPEC, Bloomberg, Federal Reserve, Exxon, Chevron, Valero, Plains, American Pipeline, Labor Locations: Saudi Arabia, Saudi, Russia, Kazakhstan, China, India, Africa, Latin America, Europe, San Antonio
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSaudi pushed the oil price too high, says Sankey Research presidentPaul Sankey, president at Sankey Research, joins 'Squawk on the Street' to discuss his take on what Wednesday's oil price action tells investors, whether OPEC will respond again, and more.
Persons: Sankey, Paul Sankey Organizations: Saudi, Sankey Research
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe IEA consistently underestimates global oil demand: Paul Sankey on IEA's latest predictionPaul Sankey, Sankey Research president, joins 'Last Call' to discuss the state of Shell's low carbon plans, a predicted peak in oil demand, and more.
Persons: Paul Sankey Organizations: Sankey Research
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRecessionary fears are stopping us from seeing how tight the oil market is, says Ninepoint PartnersEric Nuttall of Ninepoint Partners and Paul Sankey of Sankey Research discuss oil demand and prospects of a recession.
Persons: Ninepoint, Eric Nuttall, Paul Sankey Organizations: Ninepoint Partners, Sankey Research Locations: Sankey
U.S. oil exports touched a record 4.5 million bpd in March with China's growing oil purchases and competitive U.S. pricing lifting demand. The exports are about a third of U.S. production, even as the country's crude oil stocks are down near the low levels recorded at 815 million barrels. Brent traded at about $77.28 on Monday, below the about $80 per barrel that Saudi Arabia needs to fund its government budget. U.S. shale oil production has been inching higher all year, and is forecast to hit 5.71 million bpd this month. "But the near term impact (on drilling) is moderate at best," he added.
Persons: Matt Smith, Paul Sankey, Brent, Mike Oestmann, Arathy Somasekhar, Gary McWilliams, David Gregorio Our Organizations: Saudi, Sankey Research, New York ., U.S, Reuters, Thomson Locations: Saudi Arabia, Europe, Asia, . U.S, Saudi, New York, New York . U.S, City, Texas, WTI, Houston
Crude oil prices bound for $60, says top analyst Paul Sankey
  + stars: | 2023-05-31 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrude oil prices bound for $60, says top analyst Paul SankeyPaul Sankey, Sankey Research president, joins 'Fast Money' to discuss the bear case for oil prices ahead of a possibly contentious OPEC+ meeting.
Persons: Paul Sankey Paul Sankey Organizations: Sankey Research
The new normal for crude oil could be $100 a barrel, according to leading energy analyst Paul Sankey. 1 by Institutional Investor for energy independent research in 2023, sees OPEC+'s surprise production cut paired with supply drivers as major catalysts. "Global oil production capacity really has a problem. The move comes after crude prices dropped to a 15-month low in mid-March. A CNBC PRO screen found that Schlumberger was also typically the best performer during past oil spikes.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTop energy analyst Paul Sankey sees crude heading to $100 per barrelPaul Sankey, Sankey Research and Institutional Investor, on crude oil with CNBC's Melissa Lee and the Fast Money traders.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Sankey Research's Paul SankeyPaul Sankey, Sankey Research and Institutional Investor, on crude oil with CNBC's Melissa Lee and the Fast Money traders.
We're not showing up with a bullish picture on oil, analyst says
  + stars: | 2023-02-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're not showing up with a bullish picture on oil, analyst saysPaul Sankey of Sankey Research says oil prices aren't "acting as well as we thought it would be" despite China's reopening from the Covid-19 pandemic.
The European Union's ban on Russian oil product exports is slated to kick in on Feb. 5. Sanctions imposed on Russian crude oil have so far "failed completely" and new price caps could prove immaterial as well, analysts told CNBC. The 27-member bloc has already banned the purchase and import of sea-borne Russian crude oil since December. None of them really understand oil markets," Paul Sankey, president and lead analyst at Sankey Research, told CNBC's "Street Signs Asia" on Thursday. "Its been a total bomb, it has failed completely."
Oil market looks like it's in 'pretty good shape,' analyst says
  + stars: | 2023-02-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil market looks like it's in 'pretty good shape,' analyst saysPaul Sankey of Sankey Research says refining margins, which are strong globally, are an indicator of how oil demand is doing.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil to $120 by next summer: Paul Sankey's big 2023 energy callPaul Sankey of Sankey Research on where oil is headed next. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Michael Contopoulos and Guy Adami.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSankey: EU price caps on Russian oil won't make much of a differencePaul Sankey, President and Lead Analyst of Sankey Research, joins Worldwide Exchange to give his expectations for the OPEC+ meeting this weekend.
Traders are watching oil vs. oil stocks and thinking something has to give. Energy bulls insist supplies will remain tight and oil prices will likely be higher in 2023. Variable dividends Lower oil prices are not just a threat to profits: many oil companies have instituted variable dividends, where the variable portion of the payouts are dependent on cash flow. Companies with a variable dividend include Pioneer (PXD), ConocoPhillips (COP), Devon Energy (DVN), Diamondback Energy (FANG), and Coterra Energy (CTRA). The downside: No one is sure what the total payout (the fixed dividend plus the "variable" dividend) will be from quarter to quarter.
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