NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 11/13/19

The U.S. shale revolution will reshape global energy markets in the years to come, according to the IEA's annual World Energy Outlook. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Long Crude Oil ETN, Energy stocks new...

By Tajinder Dhillon U.S. oil companies finished reporting 19Q3 earnings, posting a significant overall decline in YoY growth. Notables including Exxon (XOM), Chevron (CVX), and Occidental (OXY) experienced a decline of 54.1%, 26.5%, and 93.8% in YoY earnings. Top-line revenue also declined...

Imagine waking up in your posh high-rise penthouse facing the Red Sea. Above the bustling city hangs a giant artificial moon that livestreams images from outer space. You call for an automated flying taxi, and it carries you to your job genetically modifying humans to make them stronger. When ...

Iraq's Oil Ministry confirmed recently that the country exported more than 106 million barrels of crude oil in October, with revenues having surpassed six billion USD. The results by IHS Markit Commodities at Sea for October shipments from Iraq suggest a very similar story, with total volume...

Crude prices gained over the week despite the huge weekly build in US inventories as reported by the Energy Information Administration ((EIA)). Stockpiles rose by 7.9 million barrels, taking the cumulative increase to 30 million barrels over the last seven weeks. Brent crude rose to $62.51 per...

We took a brief hiatus from our weekly series Open Insights to update our oil thesis, recently published here , but we’re back now back to looking at the EIA’s Weekly Petroleum Status Report (“WPSR”) for the week of November 1, 2019. EIA reported a build of 7.9M ...

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 54.70s as support. This expectation ...

Over the last few weeks, we have seen sustained upside in the price of crude oil with the NYMEX futures contract rallying by over 10% in the last month. As I have previously argued, I believe that what we are seeing is the green shoots of a rally which could reach 50% or more over the next ye...

So far, in 2019, the price of nearby NYMEX crude oil futures traded from a low at $44.35 in January to a high at $66.60 in April. At $57.25 per barrel on November 8, the price of the energy commodity was just above the midpoint of the year. Nearby Brent crude oil futures traded in a range from...

Perhaps the most interesting story in regards to the shale industry this year has been the steady decline in operating rigs we have seen since the beginning of this year, and the continued growth in shale oil and gas production despite it. The number of rigs operating in the US started declini...