NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 10/24/19

Welcome to a tight quarter edition of Oil Markets Daily! Global oil inventories continue to counter-seasonally decline especially in refinery maintenance-heavy month like October. Total oil stock inventories dropped 4.5 mbbls globally last week and what's going to be more staggering go...

By Bryce Bingham Oil production in the US has seen an explosion of growth over the last decade, which resulted in the US becoming the world's leading producer of oil last year. From 2010 to 2018, annual US crude production more than doubled, increasing from 5.5 million barrels per day (MMB...

Welcome to the complex edition of Oil Markets Daily! The complexity of the oil market never stops to impress us. Following the COSCO sanctions, the crude flow balance has been altered with the East starving of crude right in front of IMO 2020 and the West getting discounted in order to m...

I wrote an article back on March 9, 2016, “ Why Crude Oil Prices May Have Bottomed .” It was soon after oil prices had dropped to $26/b in February. As it turned out, oil prices had indeed bottomed. I recently read an article, Crude Oil Has Bottomed . The thesis is that U....

We took a brief hiatus from our weekly series Open Insights to update our oil thesis, recently published here . Picking up last week, we’ll do a quick one for today, and take a look at the EIA’s Weekly Petroleum Status Report (“WPSR”) for the week of October 11, 20...

In this article, we examine the significant weekly order flow and market structure developments driving WTI price action. As noted in last week’s WTI Weekly , the primary expectation for this week was for price discovery higher, barring failure of 52.19s as support. This expectation ...

This year has been quite a turbulent one when it comes to the price of crude oil. After beginning the year with a solid five-month rally that increased the price per barrel by $20, price has since reversed a good percentage of this movement. It is my belief that the current pullback in the pri...

Crude oil is the energy commodity that powers the world. While environmental concerns make crude oil's future uncertain, hydrocarbons continue to be the most ubiquitous fuel source on the earth. The addressable market for crude oil has grown dramatically since the beginning of this century. In...

Oil prices continue to look for direction after some cooling off of Middle East tension and a tentative Brexit deal offset concerns over cooling growth in China and a fifth straight weekly rise in U.S. crude supplies. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oi...

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...