Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons @CornerstoneOil Twitter profile

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

3 years

@Brockey23 @energyintel Apr 24, 2020 👇 If it weren’t for the dark days, we wouldn’t know what it is to walk in the light. Well done #canadianoilmafia 🙏 #timestamp #oott #CrudeOil #WTI #Russia #ElectricVehicles #GreenEnergy #fintwit #eft

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

🚨🚨 FREIGHT TRAIN CARRYING CRUDE OIL CRASHES IN PENNSYLVANIA 🚨🚨 TOTAL 17 CARS DERAILED, MULTIPLE FALL INTO ALLEGHENY RIVER TRIBUTARY

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

🤡 The good ol’ sell low, buy high trick 🤡

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

————— Tick tock, tick tock Are you paying attention yet? 🫡🫡

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

**** We’ve told clients that OECD oil inventories last month fell 5x more than normal March rate 15 mins ago, EIA data indicated US crude inventories dropped 6.2 million bbls last week Inventories keep falling. Global demand remains strong. Stay focused on the damn data. 🫡

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

🚨🚨 IMPORTANT ------- US crude oil inventories FALL by 3rd LARGEST EVER back to 1982 Down 14 MILLION barrels over previous week 1.4m barrels from SPR - that matters, demand is demand, don't let EIA and charlatans fool you otherwise 🫡 OIL DEMAND IS NOT WEAK

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

3 years

MISSING OIL 🛢 ARAB NEWS MIKE ROTHMAN FEB 14, 2022 The Global Oil Balance is Much Tighter Than is Believed 🧵👇1/x #oilprices #CrudeOil #energycrisis #opec #ESG #GreenEnergy #fintwit #eft #oott #energy #oilandgas #SaudiArabia #RussiaUkraine #RussiaCrisis #ElectricVehicles

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

___________ Can we now say we told ya so…? Nearly 1 MM bbl/day UPWARD REVISION for US oil demand in May, highest EVER for May Absolutely everyone has been underestimating global oil demand Maybe stop listening to the IEA, EIA and media’s talking heads 😎😎😎

Javier Blas

@JavierBlas

1 year

OIL MARKET: Massive revision to US oil demand and supply data. @EIAgov pegs US total demand at 20.776m b/d in May using monthly data (up 973,000 b/d from 19.803m b/d using weekly data). Seasonally, total US oil demand in May 2023 was the highest ever for a May month | #OOTT

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

—— Notice a pattern? Ford just stopped construction on $3.5 billion battery plant It’s not “confident about competitively running the plant” Despite receiving tax payer subsidies of $1 billion + $250 million property tax waived The Great Green Fraud A massive Ponzi scheme

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

——— The Great Green Fraud tides are turning Alberta’s Premier Danielle Smith: “The ludicrous IEA projections … turned from being an entity that does predictions to one that engages in political advocacy ” @ABDanielleSmith thank you 🫡 Now do the IEA’s Missing Oil fraud 😉

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

———— Ahh, Toronto’s World is Ending Let’s March to Stop Fossil Fuels A bunch of privileged white women Who depend on fossil fuels for absolutely everything Who don’t care to understand energy poverty kills millions of people each year Virtue signaling’s finest hypocrisy 🫠

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

~~ And any1 else highlight the HUGE downward oil inventory revisions IEA very sneakily made 2 weeks ago? Jan, Feb, Mar inventories ALL revised much lower, means demand MUCH higher Why does IEA always hide bullish revisions? Bc it doesn’t fit their bearish narrative 🫡

Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

Many shouting global oil demand weak without data supporting the hype Mar demand was a record. Apr softened but way above ‘22. May resuming higher China, India & EM hitting records + US above 2019 Q1 inventories seasonally build. They didnt Physical balances are tight 🫡

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

🤡🤡 CLOWN AWARD OF THE WEEK 👉 Criticize oil companies for upholding shareholder value (a fiduciary responsibility) while your husband gets pulled over for drunk driving (your new Porsche) after leaving your zillion dollar Napa winery (that you use for tax write-offs) 🤡🤡

Nancy Pelosi

@SpeakerPelosi

2 years

After earning record profits, Big Oil companies are openly bragging that they prioritize stock buybacks for investors instead of lower prices at the pump. This is unacceptable for families struggling to pay higher gas prices & Democrats are working to end egregious price gouging.

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

~~ 🔥 Many asserting global oil demand has collapsed. WE DISAGREE 👉 Sept hit record high for month, past 5 months all ABOVE pre-Covid 2019 rate 👉 Global oil inventories DREW during Sept (still despite SPR!) making 7/9 months this year 🤷🏻‍♂️ Doesn’t sounds like a collapse to me

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

________ Happy Monday my Twitter friends 😂

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

****** March global oil demand hit the SECOND HIGHEST rate EVER, only surpassed Oct 2019 Bloomberg, got data confirming your “weaker-than-expected demand picture” ? Our oil demand estimate has been the most constructive out there… but we’re even too low 👇

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

—— @ericnuttall 👇 I saved this chart from Ed’s extremely bearish report dated 6/28/22 His forecast = 20m b/d US crude production within the year with crude at $90 The US is still struggling to break 13m b/d His demand forecast was just as baffling Data integrity matters 🫡

Eric Nuttall

@ericnuttall

1 year

Sadly, Ed Morse cancelled on our oil bull vs. oil bear debate this morning, but my weekend of debate prep was not for naught. Join me at 11:05am ET on @BNNBloomberg where I will dissect Ed's ultra bearish thesis and explain why we see continued oil inventory draws ahead.

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

—— Global food shortages, starvation & runaway inflation Yet EU / Belgium are trying to eliminate thousands of farms to curb CO2 Belgium farmers are protesting en masse yet Mainstream Media refuses to cover The Great Green Fraud Are you starting to understand? 👇👇

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

——— It was always a scam Charging you fees to lose your money The Great Green Fraud Are you starting to understand?

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

——— 🫡🫡

Ed Finley–Richardson

@ed_fin

2 years

EIA, via the FT: Global petroleum consumption will reach 102.2mn bpd in 2024, largely driven by growth in non-OECD countries such as China and India. Greater oil production in the US and non-Opec countries like Canada and Brazil will help keep a lid on prices.

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

26 days

________ Who comes up with this BS? The press has force fed us this phony story for over 4 years The FT doesn’t know the first thing about OPEC policy 🤡🤡

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

Excerpt from today’s report: Large paper market for oil means freq episodes of “tail wagging the dog”. In 2011 crude sank ~$40 bc Spain debt default fears. Many wrote oil prices weak bc weak oil demand, this was totally false. What was weak was instead “financial demand” for oil

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

27 days

_________ Not bearish oil Weekly US oil inventories draw by one of the largest amounts ever, 14.6m barrels

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

22 days

________ And global oil demand jumped ~3 million b/d during July Y/Y Oil demand clearly hasn’t collapsed, and historically it continues ramping into year-end Don’t believe the media’s bearish hype 👇👇

Giovanni Staunovo🛢

@staunovo

22 days

US oil demand grew to highest seasonal level since 2019 in July, EIA data shows #oott

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

@politicalham Your first mistake is believing the IEA 🫠

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

———— When some people speak, you should listen @AzizSapphire Aziz thank u brother 👇

عبدالعزيز المقبل

@AzizSapphire

1 year

(( The TRANSITION )) This was January 2023 !! The world has been told since then !

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 months

_____ Who wants to let them know US production is coming in ~600,000 b/d under consensus forecasts …. massively missing for the 4th year in a row. From Monday’s report 👇👇

The Kobeissi Letter

@KobeissiLetter

2 months

BREAKING: US crude oil production has officially hit a record 13.4 million barrels per day. Daily oil production has increased by 22% over the last 4 years. Since 2008, production has skyrocketed 350% from ~3.8 million barrels per day. The US is now the world’s largest oil

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

**** REPLAY -- Oil Market Update Mike Rothman Apr 6, 2023 🫡

Video - BNN Bloomberg

Most recent Video News business news stories and video from BNN Bloomberg

www.bnnbloomberg.ca

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

——— Tons of oil/energy bears out there… But energy stocks (XLE) are almost back to all-time highs While crude (WTI) is down $40/b from June high Soo, what’ll happen to energy stocks when oil prices rally? Just sayin’ … 😉

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

❌❌ BRAZIL REJECTS WHITE HOUSE REQUEST FOR INCREASED CRUDE OIL OUTPUT OUR TAKE👇👇

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

—— The net zero cult gleefully leading the world into an energy crisis Witness the Great Green Fraud 👇

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

__________ The ol’ pot calling the kettle black 🤡 Point the finger at oil but ignore the big tech & vaccine cartel In 2022, these 3 companies alone made over $200 billion in profit Apple $100 billion Microsoft $70 billion Pfizer $31 billion

Rep. Alexandria Ocasio-Cortez

@RepAOC

1 year

Oil companies brought in $200 billion in profit last year. Yet the prices at the pump and on our utility bills remain high. “That, ladies and gentleman, is what we call the oil cartel.”

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

3 months

______ As we’ve been saying… oil demand is much stronger than the consensus believes 🤫🤫

Javier Blas

@JavierBlas

3 months

OIL MARKET: @EIAgov sharply revises upward its May estimate for US oil demand. Using new monthly data, it pegs May at 20.80 m b/d, a massive ~810,000 b/d higher than the old estimate using weekly data of 19.99m b/d. The 20.8m b/d is the highest ever seasonally for May. #OOTT

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

@EnergyPeddler March global oil demand broke 102m b/d 🫡🫡

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

~~~~~ 💥💥 A call we started making in 2019 … shale output always came down to the massive decline rates, it came down to geology. Shale was never the long-term solution to supply growth

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

___________ Never underestimate the stupidity of some people Anti-oil protester glues himself to road not knowing that glue and road are both made from oil 🤡 🤡 🤡

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

___________ Siemens Energy getting a massive multi-billion dollar bailout from the German government Sorry but wind power is not the future, that’s reality The Great Green Fraud showing its true colors once again Are you starting to understand?

Tracy Shuchart (𝒞𝒽𝒾 )

@chigrl

1 year

UPDATE: They are getting a bailout Siemens Energy secures provisional deal for guarantees The German government, Siemens AG and other parties involved in talks to cover billions of euros in project-related guarantees for Siemens Energy, have agreed a deal in principle, three

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

——— Mike on CNBC 👇

Last Call

@LastCallCNBC

1 year

“Does the U.S. or the world have the inventories and the spare capacity to make up for any disruption?” @SullyCNBC asks as the Israel-Hamas war sparks oil supply concerns. “No,” says @CornerstoneOil President Mike Rothman. “Oil supply is very, very tight.”

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 months

_______ Mike Rothman & Dave Rosenberg chat oil. Enjoy friends 👇 @EconguyRosie

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

——— In just over 2 decades, global electricity consumption has almost doubled No matter how much taxpayer money is thrown at wind and solar, they’re not a sustainable reality 👇

William Lacey

@WilliamLaceyYYC

1 year

In 2022 the world consumed 29,165 TWh of electricity, an increase of 13,601 TWh since 2000 or a ~87% jump. 50% of the electricity demand is from the Asia Pacific region who has seen their demand increase by 239% over that timeframe.

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

@Alex77889991 The IEA publishes absolutely horrible fraudulent data. Since 2014 we called them out on knowingly publishing way too-low global demand data, which amounted to over 2 billion barrels by early 2022. And their BS is still going on 👇👇

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

———— As I said in yesterday’s Spaces 😎 The IEA’s data & rhetoric is NOT to be trusted OPEC is fed up with the Great Green Fraud agenda 🫡🫡

Tracy Shuchart (𝒞𝒽𝒾 )

@chigrl

1 year

SHOTS FIRED!! OPEC response to IEA recent comments published on 12 September 2023, asserting that fossil fuel demand would peak before 2030 (we literally just talked about this yesterday on the Wednesday spaces with @CornerstoneOil ) >>> On the International Energy Agency’s

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

@sohaibab9 @PSworldwide13 Jan + Feb saw inventory builds - that’s seasonally normal, not oil demand dying March inventories are nosediving We’re bullish on the oil balances, and data is coming in even more constructive than our forecast 🫡🫡

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

—————— 🥲🥲🥲 Ahh right on cue. Didn’t need a crystal ball for this one. You hate oil and try to kill the industry. You violently demand green energy and you now scream about the cost. Hmm… perhaps you reap what you sow? 🤮🤮🤮

Facebook, Google oppose Buffett-backed wind farm project

An Iowa wind farm complex backed by Warren Buffett would be one of the biggest renewable energy projects in the country. But big-name tech giants warn it could drive up electricity costs.

www.latimes.com

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

🧨🧨 Wham Bam Double Header Today on BNN Bloomberg ** Mike Rothman @ 10:30am ET ** Eric Nuttall @ 12:00pm ET 💪💪 THE ORIGINAL OIL BULLS 💪💪 @ericnuttall @BNNBloomberg @AndrewBellBNN @margot_rubin

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

———— Hypocrisy’s finest Just Stop Oil protestors on a plane Before you start pointing fingers, make sure your hands are clean 🤡

Entrepreneur on a journey

@SMB_path

1 year

OH COME ON

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

******** Welll …. someone wanna let the IEA know that global oil demand today is already well OVER 101.9m b/d? 🤔

Giovanni Staunovo🛢

@staunovo

2 years

• World oil demand will climb by 2 mb/d in 2023 to a record 101.9 mb/d. Reflecting the widening disparity between regions, non-OECD countries, buoyed by a resurgent China, will account for 90% of growth. IEA #OOTT

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

******* While everyone (again) is splitting hairs about US + EU oil demand, the EMs continue to roar. Hello India 🫡 INDIA’S MARCH FUEL DEMAND SOARS ON ROBUST ECONOMIC ACTIVITY:

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

⚡️ ⚡️ ⚡️ The Netherlands Energy Minister Rob Jetten: IMMEDIATELY SUSPENDING LAW THAT LIMITS COAL-FIRED POWER PRODUCTION ENERGY SECURITY AND DEPENDENCE ON RUSSIAN NATURAL GAS ARE A CONCERN

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

20 days

_______ As we said last week Don’t believe the press OPEC remains in control You should know better by now 😉 👇👇

OPEC

@OPECSecretariat

20 days

With reference to the Wall Street Journal (WSJ) article, dated 2 October 2024, titled "Saudi Oil Min Said Prices May Fall to $50/B if Others Cheat, Sources Say," the OPEC Secretariat categorically refutes the claims made within the story as wholly inaccurate and misleading. The

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

——— (( sound on )) Cobalt being mined in the Congo The electric vehicle supply chain begins here Are you starting to understand? The Great Green Fraud @siddharthkara showing us the truth. Thank you brother 🫡 A must follow.

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

~~~~ 🤫🤫 Media of course hyping a surge of Venezuelan oil Remember - GEOLOGY MATTERS Vz oil wells are difficult. Low pressure, waxy & improperly shut A la Iran’s wells - 1978 oil worker strike, prod peaked 6.6m b/d, fell to 0.5m & NEVER again broke 4m b/d 👉 GEOLOGY > $$$

Javier Blas

@JavierBlas

2 years

OIL MARKET: Washington eases its oil sanctions on Venezuela, allowing Chevron (for the next 6 months) to pump crude in the Latin American nation and export it into the United States. A major shift in the White House policy | #OOTT #Venezuela $CVX 🇻🇪 ⛽️ 🇺🇸

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

——— 🔥🔥 Adding to our OIL DEMAND HAS NOT COLLAPSED argument ✈️ global air traffic higher than pre-COVID and last year’s rate 👇👇

Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

~~ 🔥 Many asserting global oil demand has collapsed. WE DISAGREE 👉 Sept hit record high for month, past 5 months all ABOVE pre-Covid 2019 rate 👉 Global oil inventories DREW during Sept (still despite SPR!) making 7/9 months this year 🤷🏻‍♂️ Doesn’t sounds like a collapse to me

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

——— 🫡🫡 Preach brother, all truth, haters gonna hate @ericnuttall 👇👇

CNBC's Street Signs

@StreetSignsCNBC

2 years

$100 for #WTI by the end of the year? @ericnuttall of @Ninepoint is predicting not just that but also a multi-year bull market for oil. This is his case. @WillKoulouris @TanvirGill2

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

——— Venezuela has the largest oil reserves in the world It was one of the world’s wealthiest countries Now 60% of the country lives in poverty Is socialism & big government really here to help you?

Martha Bueno

@BuenoForMiami

2 years

When I lived in Venezuela, in the 1980’s-90’s, I vividly recall my father telling his friends and neighbors that socialism was coming to Venezuela, and their response, “what happened in Cuba can’t happen here! We have too much petroleum & freedom” It did happen - and worse. /2

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

The IEA (therefore consensus & media) has now underestimated global oil demand for 28 months in a row. The IEA also (v sneakily) admitted in Feb ‘22 to understating global oil demand by 1.9 billion bbl over the prior decade. Macro trends matter 👇 EMs matter

William Lacey

@WilliamLaceyYYC

1 year

Global energy consumption continued its upwards path after the impact of Covid. The Asia Pacific region represented the largest consumer of energy at 46% of the total. China was the single largest user of energy at 26% of global demand.

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

22 days

_ Every sentence here is incorrect Cramer doesn’t know difference bw crude oil and total oil production Russia isn’t flooding the mkt, they don’t have the structural capacity And OPEC discipline is why inventories plunged ~800 MM barrels during 2 years starting July 2020 👇

Jim Cramer

@jimcramer

22 days

In 1973 the U.S. produced 9.2 million barrels of oil a day. Now it is over 13 million barrels. Meanwhile Russia is flooding the world with oil and OPEC is a shadow of its former self. That could be the linchpin that explains how you could still have a bull market in September of

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

Hype & Noise 🤫 Many click-bait headlines hyping crude contango, conveniently forgetting it’s OpEx Friday. Seen this noise before, price drop amplified as contracts roll 2 next month. Paper flow, not change in fundamentals MIKER model flashing huge discount to fair value 💪

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

Many shouting global oil demand weak without data supporting the hype Mar demand was a record. Apr softened but way above ‘22. May resuming higher China, India & EM hitting records + US above 2019 Q1 inventories seasonally build. They didnt Physical balances are tight 🫡

Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

****** March global oil demand hit the SECOND HIGHEST rate EVER, only surpassed Oct 2019 Bloomberg, got data confirming your “weaker-than-expected demand picture” ? Our oil demand estimate has been the most constructive out there… but we’re even too low 👇

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

@mattyglesias Been researching oil markets for 38 years - are you assuming Saudi can ramp production meaningfully? When the tide goes out, we see who’s swimming naked… and, well, it’s been a bit debauched underwater… therein lies the rub 😉

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

~~~~~ How dare you !!

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

3 years

Global oil inventories have fallen by close to 660 million barrels since July 2020, a draw unparalleled in oil-market history. Current oil prices are actually below “fair value” based on where inventories currently sit. END/

The global oil balance is much tighter than is believed

Last week’s events will be remembered for many reasons but for us, the major market mover was the International Energy Agency’s admission that global oil demand is wickedly higher than what the

www.arabnews.com

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

🚨 #BREAKING EU BANS NEW COMBUSTION ENGINE SALES BY 2035 So, this right? U all yelling oil companies: ➡️find more oil BUT u windfall tax profits? ➡️build more refineries BUT u ban new engine sales in 12 yrs? ➕u witch-hunt CEOs BUT u beg they save us from a crisis? thx 🤙

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

~~~~~ 🤢🤢 Well, Luke brings a stick to a bazooka fight. Clearly still drunk on that Green ESG Kool-Aid. @JuliaHB1 sorts him out properly 🤢🤢

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

——— 🤡🤡 US ENERGY POLICY SPR barrels drained massively, hiking into Midterm elections ⤵️ Now 3 weeks later, Biden asks SPR to start buying barrels instead ⤵️ SPR Director: “It doesn't make sense for us to be releasing oil while trying to refill the SPR…” Wut? Hello?

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

27 days

@trend_bullish Bc everyone is being force fed bearish headlines instead of the actual data - they blindly believe the IEA and media’s fabricated rhetoric The paper market drives price and sentiment, with almost no one understanding actual supply/demand data these days

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

3 years

🚨🚨 REPLAY LINK 👇

Eric Nuttall

@ericnuttall

3 years

Replay alert: Mike Rothman of @CornerstoneOil and I chat oil inventories, OPEC spare capacity exhaustion, US shale, financial vs. physical oil demand, the need for demand destruction via higher prices, and much more. Catch the 30 minute conversation here:

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

~~~~ lol wtf 99.57m b/d? Yeaa that’s gonna be a no from me dawg…

Giovanni Staunovo🛢

@staunovo

2 years

EIA has global oil demand at 99.57mbpd, global oil supply at 101.63mbpd in October 2022. #oott

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

——— PRIORITIES 🥲🥲

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

👇👇👇

Richard Bernstein Advisors

@RBAdvisors

2 years

The US is NOT…NOT…NOT #energy independent and never has been. See this quotation from Mike Rothman at @CornerstoneOil .

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

—— Weekly US snapshot from EIA: > total oil inventories ⬇️ > oil demand ⬆️ > crude exports hit record high 📈 > US crude production no gain ❌ > still playing games w adj factor Overall, not bearish to us…

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

—— Got oil? Record high for demand. As we said all Q4. The consensus has now undercounted demand 25 months in a row. 🫡🫡

Amena Bakr

@Amena__Bakr

2 years

Global oil demand climbed in December by 1.3 mb/d to a new record high, according to new data from the Joint Organizations Data Initiative (JODI). Demand growth was driven primarily by gains in Japan, Indonesia, and Korea. #OOTT

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

——— Many argue US oil demand is soft so it must be bearish oil prices Meanwhile they ignore US oil demand is only 20% of global total The remaining 80% rest of world? They’re demanding US barrels at a record rate Don’t forget, it’s a global system 😉 👇

Javier Blas

@JavierBlas

2 years

CHART OF THE DAY: US total petroleum exports (crude oil and refined products) last week surged to a new record high of ~12 million b/d. The US is the refinery of the world | #OOTT

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

________ 👇👇

Mike Umbro 🪃

@MikeUmbro

1 year

Big oil making $0.14 per gallon while Big Government takes $1.20 per gallon.

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

@WarrenPies Perhaps traders now realizing oil balance squeeze here 2 stay. Russia conflict adds risk but IMO just used as scapegoat masking huge structural issue brewing for years. China lockdowns transient. SPR release fixes nothing. Bottom line remains - world quickly running outta oil…

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

3 years

👇always about bs optics. Oil prices up 117% since Jan’21. Solution?? ➡️$400 (free!) gasoline cards & praise SPR release ➡️ blame Putin & US oil companies ➡️ CRUSH the ONLY nearly-term viable answer - domestic oil production GROWTH ♻️ Alas, the cycle of bulls’t continues ♻️

Tracy Shuchart (𝒞𝒽𝒾 )

@chigrl

3 years

Details: 1. 80% less acreage will be offered than originally nominated 2. Royalty rates will rise to 18.75% from 12.5% 3. Greenhouse emissions gas impacts with be met with higher scrutiny (more red tape and delays)

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

———— June 28, 2023 > Brent at $71/b Our MIKER model said FV = $115/b ** Crude was over $40/b too low ** Ignore the hype, focus on the data Understand REALITY vs the PERCEPTION OF REALITY - that’s where fortunes are made 🫡🫡

Brian Sullivan

@SullyCNBC

1 year

Who could’ve seen this coming?

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

💥💥 ——— ⚡️ Global oil demand during 2Q ran 1.3m b/d ABOVE the IEA forecast. ⚡️ As we published this morning - despite recent oil price softness, don’t confuse “financial (paper) demand” with “physical demand” ➡️ Global oil demand is running ~3m b/d higher than June 2021 👇

Richard Bernstein Advisors

@RBAdvisors

2 years

Don’t be too quick to write commodities’ obit. Global #oil demand has been strong despite #China ’s lockdown. #Demand is likely to strengthen as they re-open. (Chart: M. Rothman �� @CornerstoneOil )

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

Ohhh probably nothing 🫣

Shubham Garg

@WhiteTundraSG

1 year

@staunovo ⬇️ 100 rigs in just 6 months 😈

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

——— ❄️❄️ FREEZING COLD BLASTS UK 2 EMERGENCY COAL PLANTS DUE TO CLOSE THIS MONTH ARE TURNED BACK ON, WIND POWER GEN CURRENTLY LAGGING Consequences of The Great Green Fraud

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

11 months

______ Mike on CNBC discussing today’s OPEC outcome 👇

Last Call

@LastCallCNBC

11 months

"I think the market was more focused on the forum and kind of missed the content of what they actually agreed to do," says @CornerstoneOil 's Mike Rothman on oil prices falling despite several OPEC+ countries enacting new voluntary oil cuts.

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

OPEC meeting outcome? Changes nothing. Final Sep production quota just moved fwd, split evenly July & Aug. OPEC producing way under quota so Sep allocation not an issue anyway. Massive supply shortage not solved. And as told clients, OPEC/Russia WSJ article from Tues was BS.

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

——— As we’ve been saying since 2016 The Great Green Fraud @energybants Mark preach brother 🫡

Mark Nelson

@energybants

1 year

The solar industry in Germany now reports that a jaw-dropping 15% of German solar capacity is rapidly disintegrating. On one hand, this represents the decay & destruction of many billions of € of capital. On the other hand it represents hardly any energy risk, because 10

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

Statement from OPEC titled International Energy Agency should be very careful about further undermining oil industry investments The language of the statement was not devoid of rebuke and blame @AzizSapphire 🫡

عبدالعزيز المقبل

@AzizSapphire

1 year

بيان إعلامي صادر من منظمة أوبك بعنوان ( على وكالة الطاقة الدولية الحذر من التمادي في تهميش أهمية تدفع الاستثمارات في صناعة الطاقة) لغة البيان لم تخلوا من التوبيخ و الملامة

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

Bless brother 🙏 anyone ever in a dark spot, just DM me, we’ll figure it out together

Tiffany Gillis

@tiffanyrg9

1 year

I am very saddened to share the news that my good friend @sadbillackman / @MAlexMclennan passed away last week. I wish he could have felt the love for himself which so many others felt for him. I'm so grateful to have been his friend and will miss him forever.

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

——— 👇👇 SAUDI ARABIA OFFICIAL STATEMENT Rejected Biden’s request for OPEC+ to postpone oil production cuts until after the midterm elections

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

Now that BlackRock owns half the world and helped throw us into a massive energy crisis, they’re waltzing out the back door. Cool thx BlackRock much love 🤙🤙

CNBC International

@CNBCi

2 years

Blackrock to vote for fewer climate shareholder provisions in 2022 than 2021

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

——— 100.87m b/d? Some fuzzy math indeed. Yeaa that’s gonna be another no from me dawg… 👇👇

Giovanni Staunovo🛢

@staunovo

2 years

EIA has global oil demand at 100.87mbpd, global oil supply at 101.25mbpd in December 2022. #STEO #oott

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

@HimelsonMartin @DerAchsenZeit @amlivemon Are we though? IEA & consensus called for builds this q1 and q2 - they were wrong. They called for builds last year - wrong again. Inventories also drew last month. Whoever keeps saying large builds is wrong.

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

@DerAchsenZeit @amlivemon Not sure why all the fuss 😆 Every1 shouting about weak US gasoline demand - but of course overlooking Q2 oil demand being +1.3m b/d ABOVE consensus forecast. Again ignoring the gorilla in the room and just focusing on the flea - same reason they missed this 2 year bull run 🤷🏻‍♂️🤷🏻‍♂️

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

——— Today’s surprise OPEC cut? OPEC has been managing the oil balances & thus oil prices since 2q20 Those who forget do so at their own peril 🫡 Let’s revisit our Aug 2021 piece in Arab News. It still holds true today. 👇

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

__________ Happy Tuesday my Twitter friends 😂

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

🚨 VIDEO REPLAY 🚨 —————————— Mike Rothman BNN Bloomberg 2 Aug 2022 —————————— 👍 Mike w some COLD HARD TRUTH 🔽 Global oil markets ✖️Tmrw’s OPEC meeting ✖️Supply/Demand ✖️Oil Burden ✖️Spare Capacity ✖️Biden Energy Policy ✖️Russia

Video - BNN Bloomberg

Most recent Video News business news stories and video from BNN Bloomberg

www.bnnbloomberg.ca

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

——— Remember when @SecGranholm and @PeteButtigieg mocked everyone last year saying we should all just drive EVs to save on transportation costs? Another failure The Great Green Fraud Are you starting to understand? 👇👇

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

1 year

———— 👇 many people have convinced themselves the world will stop relying on oil However there absolutely is no substitute. The math is simple. ESG and the green agenda is not reality. 🫡 @CorneliaLake

Lake Cornelia Research Management

@CorneliaLake

1 year

Simple math below on impact of non-OECD countries industrializing on oil and electricity demand. The numbers are staggering. I miss speaking with @CornerstoneOil Mike Rothman who, aside from being a very generous and thoughtful guy with a ton of levity, would remind me that "if

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

🔥🔥🔥 ————— #COM doing BIG things in the Twitterverse 💪💪💪 Hosting energy company CEOs … Live … To discuss earnings … In Twitter Spaces … FOR FREE … @sohaibab9 rock on, brother 🤙

Sohaib Abbas

@sohaibab9

2 years

Based on your overwhelming feedback will be having @Acesportsfan1 in attendance tomorrow after market close 2 discuss $PNE earnings with us. PineCliffe is a Canadian natural gas producer on track 2 being debt free soon. 👇👇👇👇

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

@energyburrito @AlexVergeJOY 30 years apart but I can’t tell the difference 🤷🏻‍♂️🤷🏻‍♂️🤷🏻‍♂️

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

——— 🐔 🐔 The ESG hype has been a total fraud, which we’ve been telling clients for well over 5-6 years Now the chickens are coming home to roost Are you starting to understand? 👇👇

Eric Balchunas

@EricBalchunas

2 years

$SIVB is in about 50 ESG and "sustainable" funds/ETFs, incl the big boys like BlackRock, Vanguard, JPM, Nuveen, but hardest hit is the Cromwell Sustainable Focus Fund (LIMAX) which has biggest allocation among all funds at 4.3%. Meanwhile its small weight in about 10 bank ETFs.

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

👇👇 ——— 🔥 From today 9/14 client report “Aug oil demand over 102m b/d, highest since 4Q19 peak… price weakness past 9 wks not from oil balance softening… stockdraws continuing… weaker China demand raises concern about very tight balances when past soft patch…” 👇

Richard Bernstein Advisors

@RBAdvisors

2 years

Myopic #investors remain focused on cute wiener dogs in the metaverse, #macchalattes , and #Bitcoin but #Energy is emerging as a true long-term growth story. Global #oil demand remains exceptionally healthy. (Chart: M. Rothman – Cornerstone Analytics – @CornerstoneOil )

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

3 years

Last week’s events will be remembered for many reasons but for us, the major market mover was the International Energy Agency’s admission that global oil demand is wickedly higher than what the agency was willing to admit previously… 2/x

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Cornerstone Analytics🛢Macro Oil 🗣 Oliver Parsons

@CornerstoneOil

2 years

@TradingTrotter @JavierBlas @EIAgov How r we spoiled? Publishing data is IEA’s job & paid to do it. Why no accountability? They knowingly undercounted oil demand since 2014, which artificially deflated oil prices, hurt E&P / capex & ultimately abetted in today’s energy crisis. Their Feb ‘22 OMR admission was a joke

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