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Paul Sankey talks how to play oil after worst month of 2024
  + stars: | 2024-05-31 | 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 EmailPaul Sankey talks how to play oil after worst month of 2024Paul Sankey, Sankey Research president and lead analyst, joins 'Fast Money' to talk how to navigate oil and energy investing right now.
Persons: Paul Sankey Organizations: Sankey Research
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
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
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
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
Oil and natural gas prices traveled divergent paths this week, resulting in a mixed picture for the Club stocks Coterra Energy (CTRA) and Pioneer Natural Resources (PXD). In Thursday's session alone, natural gas prices jumped nearly 7%, as traders reacted to U.S. government data that showed a smaller-than-expected storage build. For the week, through Thursday's settle, natural gas has climbed 8.1%, building on last week's 11% advance. Natural gas on Friday morning jumped another 1.5%. Coterra's revenues are roughly a 50-50 split between oil and natural gas.
Persons: Brent, WTI, Paul Sankey, Sankey, Goldman Sachs, Coterra, Jim Cramer's, Jim Cramer, Jim, David Mcnew Organizations: Club, Coterra Energy, Natural Resources, Texas Intermediate, Traders, Northern, U.S, CNBC, Street Journal, Exxon Mobil, ., Diamondback Energy, Devon Energy, Getty Locations: U.S, Thursday's, Saudi Arabia, Russia, WTI, Friday's premarket, Coterra, China
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
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPrepare for a major traffic accident in oil in 2024: top oil analyst Paul SankeyOil analyst Paul Sankey joins 'Fast Money' to talk oil topping $90 per barrel, the impact of Saudi Arabia's oil cuts and what we could expect to see from the oil market this winter.
Persons: Paul Sankey Organizations: Paul Sankey Oil Locations: Saudi
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
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
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
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.
That new fiscal approach from the energy patch has not made the White House happy, especially when oil prices and oil company profits were at a peak last year. Gas prices are right where they should be right now, she says, and are likely to stay this way. If there is risk to gas prices this year, it's to the upside. Amid high gas prices last year, the Biden administration released the most oil from the Strategic Petroleum Reserve on record, 180 million barrels. Among the reasons oil prices will remain higher?
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.
In September 2021, Sen. Sherrod Brown (D-Ohio) and Sen. Ron Wyden (D-Oregon) proposed that stock buybacks should be taxed at 2%. Lazonick, who thought any minor buyback tax would be ineffective, says he has been proven correct. If a higher buyback tax is enacted, he is betting it will not have the outcomes that Democrats envision. While it's hard to see a higher tax getting passed in the current Congress, it does make sense for Biden to state his desire for 4%. Changing a buyback tax, though, might first prove harder.
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