DTO News and Press, Deutsche Bank AG London ZC SP ETN REDEEM 01/06/2038 USD 25 - 25154K809 From 05/21/20

By James J. Puplava, CFP®, CTS™ "If you look at the top 20 companies of the world, 19 of them are still brick and mortar companies. What I am saying is that if you have a car manufacturer or an oil and gas manufacturer, you won't get supply over the Net." -Anil Ambani "...

Welcome to the more data edition of Oil Markets Daily! EIA's latest weekly oil storage report, once again, surprised the consensus estimate of +1 mbbls for crude. With a draw of -3.1 mbbls overall in crude, implied US oil production is below 10 mb/d. Source: EIA, HFI Research In EIA's ...

Halliburton says the economy will recover... eventually. - Enthusiasm to be tested in US shale auction. The oil economy will recover... eventually. That was the word Wednesday from the chairman of the board at oilfield services company Halliburton (HAL), which cut its dividend and enacted ...

By Tajinder Dhillon Oil refineries finished reporting 20Q1 earnings, posting positive earnings surprises across the board. Valero Energy (VLO) posted the largest positive surprise with an actual result of $0.34 compared to consensus of $-0.15 as seen in Exhibit 1. Exhibit 1: S&P 500...

In response to the dramatic decline in oil demand stemming from the COVID-19 pandemic and the resulting price weakness, global oil supply is expected to fall significantly this month, as OPEC+ cuts took effect May 1. Some producers began implementing production cuts early, and Saudi Arabia has...

Shortly after the price of crude oil crashed into negative territory, I posted an article about where I think the energy sector might go and what the opportunities were. My assessment was that the opportunities would be in natural gas and midstream transportation and storage, and also lower ...

Oil prices have fluctuated more in 2020 than in almost any other year. That significant fluctuation was caused by an OPEC+ price war along with COVID-19. The collapse in oil prices has pushed prices to <$20/barrel. Since then, prices have recovered significantly to the low $30s/barrel; howe...

Welcome to the no more growth edition of Oil Markets Daily! In the past, we've alluded to US shale oil production growth like that of a person running on a treadmill. The faster the growth, the faster the treadmill, and as a result, the faster it has to run just to stay in the same place. ...

Deutsche Bank announced today the automatic acceleration of the DB Crude Oil Double Short Exchange Traded Notes due June 1, 2038 (DTO), due to the repurchase value on May 18, 2020 being zero. As a result of such acceleration, consistent with the terms of the ETNs, holders will not receive...

Oil markets are undergoing a volatile and confusing period. If anything, this is an understatement. Fears of plunging demand have worked to push prices down to historically-low levels, including into negative territory briefly in the US. While some downturn in pricing is warranted given the dr...