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Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
May Non-OPEC production increased by 44 kb/d to 48,421 kb/d. The biggest contributors to the increase were Canada, 71 kb/d and the US, 82 kb/d.
June production for the Non-OPEC countries is projected to increase by 591 kb/d to 49,012 kb/d. About half of that increase is expected to come from Canada as maintenance on a few oil sands coker units/plants is completed.
On a YoY basis, Non-OPEC production increased by 3,180 kb/d while on a MoM basis production increased by 44 kb/d to 48,421 kb/d. World YoY output was up by 4,446 kb/d.