Michael Rothman

Michael Rothman is the president and founder of Cornerstone Analytics, a US-based consultancy focusing on macro-energy research. He has nearly 40 years of experience covering the global energy markets and has been attending OPEC meetings since 1986.

Latest published

What price of crude is too high? The answer will surprise you

As crude oil prices climb to their highest levels in 7 years, the question our clients are asking us is, how high is too high? We will say for now that current prices are nowhere near that point, and the way we arrive at an answer is by analyzing the “oil burden.”

October 17, 2021

‘Green energy’ push will intensify bullish oil fundamentals

Oil prices have rallied to their highest level since the fourth quarter of 2014, an increase in line with a forecast we provided our clients over a year ago.

October 11, 2021

OPEC+ decision on Monday was all but given

Members of the Organization of the Petroleum Exporting Countries gathered on Monday via video for its regular monthly review of quotas and an assessment of the global oil balance.

October 04, 2021

Are we on the verge of an energy crisis?

The world is awash in stories and headlines about the pandemic, inflation and central banks poised to raise interest rates, yet the global oil balance is tightening and upward pressure on oil prices is intensifying.

September 26, 2021

When it comes to oil, China has a ‘triangle problem’

About 11 years ago, the US Department of Defense formed a small commission that was charged with assessing the potential for resource conflict.

September 23, 2021

US shale oil production is in its twilight phase

We have maintained a very bullish outlook for the oil market. Essentially, we forecast that global oil demand will see an eventual (and full) rebound from negative pandemic-induced effects, but that non-OPEC oil supply will not see a commensurate recovery. Let us talk about the “why.”

September 12, 2021

OPEC+ conveys meaningful indication about the global recovery

OPEC+’s decision last week (in near-record time) to maintain the quota roll-down was largely expected, and there were no wrinkles to speak of.

September 07, 2021

For OPEC, walking a tightrope versus toeing the line


When OPEC+ convenes this week, it will take up the task of evaluating the state of the global oil balance.

August 30, 2021

Oil demand collapse versus a collapse in financial demand for oil

Recent oil price weakness is stoking fears that the underlying cause stems from oil demand collapsing. We see things differently.

August 23, 2021

Forget what you believe and believe what you see

The past week was “data rich” regarding the state of the global oil balance, partly owing to the release of various figures from the International Energy Agency (IEA).

August 16, 2021