NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 10/16/19

Welcome to the negative productivity edition of Oil Markets Daily! First, let us state a few things readers must understand. Rig counts may fall, but well completions may remain elevated, resulting in declining DUCs (drilled but uncompleted wells). Production is based on how many w...

By Stacey Morris While a regulatory body may seem like a dry topic, midstream investors should have a basic understanding of the Federal Energy Regulatory Commission (FERC), as its oversight powers and policies can have implications for midstream assets. FERC is tasked with regulating inte...

In a previous article for Seeking Alpha , I highlighted that the price action in the gasoline and distillate crack spreads was supportive of both the VLO shares and the price of crude oil. Valero Energy Corporation ( VLO ) refines crude oil into oil products. The company does not take the ris...

Another month, another update from OPEC. Unlike in prior months, though, the group, in its Monthly Oil Report , gave market participants their first look into just how bad the Saudi oil disruption last month was. While this will prove to be a short-term impact on the global oil market, even i...

I live in Las Vegas, and one of the popular bets that those who wager on the outcome of a sporting event choose is the parlay. A parlay involves choosing two or more results and getting both right. Casinos love parlays because it lowers the odds that a bettor will win a wager. Bettors love the...

Oil prices recorded their first weekly gain in two weeks, driven higher by unrest in Iraq and Ecuador, as well as by optimism over talks between the US and China aimed at ending their trade war. The attack on an Iranian oil tanker off the coast of Jeddah overshadowed the latest hints from ...

Many factors influence the path of least resistance of asset prices. In the world of commodities, fundamental supply and demand is one of many issues that can move prices over time. Exogenous events when it comes to the weather or policy changes in leading producing or consuming nations can al...

Data for the OPEC charts below were taken from the October OPEC Monthly Oil Market Report OPEC 14 crude oil production was down 1,318,000 barrels per day in September. Most of that decline was due to the Iranian attack on the Saudi oil complex at Abqaiq. Algeria is in slow decline. Ang...

In this article, we examine the significant weekly order flow and market structure developments driving WTI's price action. As noted in last week's WTI Weekly , the primary expectation for this week was for price discovery lower, provided key resistance, 53.35s, held. This expectation did n...

To say that the last few weeks in the crude markets have been volatile feels like an understatement. With prices surging in the wake of the Saudi attacks followed by an incredible decrease in the price per barrel, it has been a turbulent period. In the following discussion, I will walk throu...