NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 04/16/20

As the Coronavirus was spreading around the globe like wildfire economic activity ground to a halt. On February 20, the US stock market reached an all-time high. On the same day, the price of crude oil traded to $54.82 per barrel. Few market participants could have imagined that a little ove...

Access to affordable and reliable energy is critical for achieving robust economic growth and sustained improvements in quality of life. As such, one of the most significant challenges in addressing climate change is the need to meet growing global energy demand while achieving poverty-reducin...

By Owain Johnson and Jeff White At a Glance The collapse in oil demand brought on by COVID-19 has pushed market volatility to record levels as prices fall. Crude oil implied volatility reached 185% in March. No other major exchange commodity has ever seen levels that high. While ...

Concerns about the economy have overtaken concerns about the virus. That's the conclusion reached by a series of polls conducted at fivethirtyeight.com. According to their surveys, Americans remain very concerned about the pandemic to start with. Thirty-eight percent say that, up from about ...

Investment thesis. Global equity markets made strong moves this week based on the strength and size of the fiscal and monetary stimulus along with the belief that we're nearing a contagion peak. However, investors haven't seen the actual economic numbers yet; wait for the markets to survive...

This sustainable output cut strategy will last until April 2022, starting with a reduction of 10 million bpd during May and June. OPEC+ has made the largest oil output cut in history. The move points to the alliance seeking to balance the oil market over the medium-term rather than worki...

As noted in last week’s WTI Weekly , the primary expectation for this week was for price discovery higher, barring failure of 22s as support. This expectation did not play out as the key support area, 29s-30s, held early week before a pullback to 23.54s developed into mid-week. Rotatio...

One of the underappreciated luxuries of analyzing US oil markets is weekly data on inventories, imports, exports, refining utilization, production, demand and more from the Energy Information Administration's ((EIA)) Weekly Petroleum Status Report . In response to requests and in acknowledg...

As expected, OPEC+ Russia and its alliance partners of 10 countries agreed to meaningful production cuts to shore up an oversupplied market caused by significant demand destruction from the novel coronavirus's spread across the globe. Thirty million barrels per day (bpd) of oil are expected to...

Messaging about the oil market by the largest three producers in the world - the United States, Russia, and Saudi Arabia - has become a three-ring circus. If there is one solid conclusion, they are not on the same page. OPEC has arranged for a virtual meeting on April 9th to include its memb...