NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 03/19/20

At the time of writing, the iPath S&P GSCI Crude Oil Total Return Index ETN ( OIL ) is taking a beating, with shares down over 14% during the trading day. While this selloff is very traumatic and extends the year-to-date losses to well over 50% in the ETN, I believe that investors should s...

Introduction It has become increasingly difficult to make a meaningful energy market forecast as market fundamentals - commodity prices, are changing daily these days. Always to the downside. I had thought when I originally wrote this article for The Daily Drilling Report that we would see...

The price action in the crude oil market over recent weeks has been nothing short of carnage. On January 8, as tensions between the US and Iran reached a boiling point, the price of nearby NYMEX crude oil futures rose to a high of $65.65 per barrel. At the same time, the Brent benchmark hit a ...

Originally published March 8 The kingdom has triggered a price war in oil markets. The tactic has worked before, but there are multiple challenges. By abandoning the swing producer model and being seen as triggering a price war in the energy markets, Saudi Arabia is resorting to a game p...

Ultimately, any commodity market is managed by supply and demand balance, and not by emotions of its participants. And, from this point of view, I would like to assess the perspective of the oil market after the epochal 178 th OPEC meeting. So, the OPEC+ deal is dead, at least for now. Russ...

This article will tackle the big, really new news. Saudi Arabia announced that it will increase oil production from 9.7 million barrels a day to 10 million and then to 12 million if needed. This news alone sent the oil price down 20% - and the whole stock market with it. We understand the ma...

As forecast last week, the spread of COVID-19 has generated severe financial market volatility, which was substantially worsened by the breakdown in production discipline within the global energy market, reflecting the stand-off between Russia and Saudi Arabia. This has triggered further sev...

By Bassel Khatoun, Managing Director, Director of Research, Director of Portfolio Management, Frontier and MENA, Franklin Templeton Emerging Markets Equity Falling oil prices can be a double-edged sword in terms of economic impact: welcomed by consumers, but not by producers. Franklin Temp...

OPEC+ The driving force behind the initial drop in oil prices was the spread of Covid-19 in China and, eventually, into other parts of the world. Lower energy demand cut the price of oil, placing the petro-economies of OPEC+ on high alert. Supply reductions were expected. This would suppor...

Carnage and Armageddon are the appropriate descriptions for the events that transpired in the crude oil futures market in the aftermath of the May 6 OPEC meeting. Crude oil equities had been flashing a warning signal for more than one year. The prices of oil-related companies lagged crude oi...