NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 04/04/20

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 lower, barring failure of 25.24s as support. This expectation d...

A post by Ovi at peakoilbarrel Preparing this March post has been a surrealistic exercise. Here I am providing a January US production update when at a time, January, the world had no clue that it was going to be hit with a double Black Swan event in early March. There was a hint in Januar...

Anthony Okolie recaps the biggest news of the day including the latest COVID-19 developments, followed by a conversation with Michael O'Brien, portfolio manager, TD Asset Management, about what a potential deal between OPEC+ members on curbing production could mean for the oil market. ...

After the impressive short-covering rally of the last two weeks, stocks have hit the proverbial wall as low oil prices continue to cast a deflationary shadow over the global economy. In this report, I'll explain why it's important for the energy sector to bottom out before the equity market is...

If it wasn't for the coronavirus, the news cycle would most likely be exclusively focused on oil market, where demand has dropped by as much as 30M barrels per day (roughly equivalent to the combined output of the Saudis, Russia and the U.S.). More news on: The United States Oil ETF, LP, i...

Commodity demand reflected in futures - and ETF - prices. No doubt about it: the COVID-19 outbreak has wreaked havoc on worldwide markets. While demand surges, albeit raggedly, for safe-haven assets such as gold, equities have been slammed. A double whammy has been dished on the oil market...

Storage tends to be a ho-hum business, until it isn’t. With oil demand diving, plentiful production, and the oil futures curve in steep contango, storage has become a hot topic. Of course, many midstream companies own and operate storage capacity. Today, we will briefly discuss the impl...

My base case view matches what is priced into the markets: the crude oil market is glutted and demand is falling off a cliff. Storage constraints are in sight, and I am not seeing an immediate catalyst for a demand rebound. The nearly inevitable outcome is that drilling drops dead, and ca...

Welcome to the declaration of war edition of Oil Markets Daily! Saudis are going to go all-out against Russia in April. The primary battlefield will be in Europe where Saudi has sent a record number of tankers to Egypt. Because of the geographical limitations for Saudi to ship crude to Eur...

Traders are now betting on production shutdowns to cope with the collapse in demand, triggering WTI crude prices to drop 6% to under $20/bbl overnight to levels not seen since 2002. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, Velocity...