NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 02/13/20

OPEC released its Monthly Oil Market Report (MOMR) for February. It reported that demand for OPEC crude was 30.6 million barrels per day, 1.0 million lower than the 2018 level. It forecasts demand for OPEC crude will be 29.3 million in 2020, about 1.3 million lower than the 2019 level. It ...

Wide Permian crude price differentials provided a boost to midstream earnings in 2019 as companies exploited arbitrage opportunities. However, as new pipeline capacity has come on-line, the Midland-Houston crude price differential has tightened and eliminated upside from spot shipments. With m...

Oil clawed its way back above the $50/level overnight as Russia said it was studying an OPEC+ proposal to curb crude output by a further 600K barrels per day, though Energy Minister Alexander Novak didn't specify when the country would make a decision. More news on: The United States Oil...

- When I see comments like this, especially from the likes of Jim Cramer (Squawk on the Street, 2/7/20) , it gives me pause. - Cramer's 'big call' history is more than a bit spotty. - Flawed as the much-heralded concept of 'peak oil' was back in 2008, writing the obituary for the foss...

With shares falling by around 20% since the start of the year, the Etracs S&P GSCI Crude Oil Total Return Index ETN ( OILX ) has certainly not been the favorite instrument in many portfolios. While this drop is painful for those trading OILX to the long side, I believe that the current pul...

Are stocks too expensive? "Note again that there is an enormous spike after 1997, when the ratio rises until it hits 44.3 by January 2000. Price earnings ratios by this measure have never been so high. The closest parallel is September 1929, when the ratio hit 32.6." Robert J. Shiller, w...

Russia supports a recommendation to deepen OPEC+ oil supply curbs amid falling demand for crude as China battles a coronavirus outbreak. 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...

A technical committee of OPEC+ has added a third day of meetings after failing to reach a recommendation on an emergency summit of oil ministers. 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...

By Blu Putnam At a Glance Roundtable with economists, traders examines the effect of surging U.S. production and geopolitical events in the Middle East. The Middle East oil risk premium is a fraction of what it was a decade ago. The mid-September 2019 drone strike on a Saud...

By Stacey Morris With the State of the Union Address airing tonight, it seems timely to do our own State of Midstream - with no applause breaks needed! As with a typical State of the Union Address, this is an opportunity to reflect on where midstream is, where it may be heading, and what i...