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home / news releases / NRGO - OPEC+ To The World: Let Them Eat Cake

NRGO - OPEC+ To The World: Let Them Eat Cake

Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO
  • UAE's rejection of the Saudi proposal to increase and extend oil production agreement serves notice that it intends to raise production.
  • Our base case continues to be that OPEC+ will achieve a compromise and increase production, though there are inventories to still draw.
  • WTI >$80/barrels in H2 2021, spare capacity in doubt.

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OPEC+ To The World: Let Them Eat Cake
Stock Information
Company Name: Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO
Stock Symbol: NRGO
Market: NASDAQ
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