NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 04/30/20

Western Europe's biggest oil producer, Norway, is voluntarily joining international efforts to cut supply for the first time in almost two decades. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, ProShares Trust II - ProShares Ultra Bloombe...

Welcome to the storage build edition of Oil Markets Daily! Last week, we wrote an OMF titled, " Global Oil Market - Let's Talk Data ." The conclusion of that article was that global oil inventory builds have so far been well below the analyst demand destruction projections out there. And...

Carl Icahn says we won't see crude prices in negative territory again, but it is sure looking more likely by the day. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, ProShares Trust II - ProShares Ultra Bloomberg Crude Oil, Top stock mark...

A post by Ovi at peakoilbarrel As I wrote in my previous post, preparing these last two has been a surrealistic exercise. The oil market environment for this post has been even more surrealistic than the previous one and the associated futures contract prices have been extremely volatile t...

I have read both bullish and bearish cases for the oil tankers and I have to conclude that the bearish case for oil tankers is absolutely ridiculous. Imagine that it cost $100,000 to build a condo. Under normal circumstances, you can rent for an amount that allows you to have net income of $...

The oil market has come through the most frenetic week in its history - especially so for the US WTI grade that controversially was allowed to fall into negative territory. On April 20 it closed at an almost unbelievable minus $37 per barrel (for the end of May contracts) before recovering t...

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 22.04s as support. This expectation ...

Source: Spencer Platt/Getty Images How Big is the Oil Glut? The latest weekly report by the US Energy Information Administration is out and offers a grim reading on the demand supply balance in the US energy market. I will not bog you down with my take on what happened with the WTI...

Source April 20 will go down in the history books as a Black Monday event for energy investors. The price of a WTI crude oil barrel fell by more than 250%, sending the prices tumbling to the negative territory for the first time in history. How long can oil prices stay ridiculously low? Th...

April 20 is a day that will take on yet another meaning in the history books. Until last week, 4/20 was already a day of celebration for those who partake in and favor the legalization of marijuana. It is now a day of infamy for commodity traders, as crude oil fell into negative territory for ...