NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 05/20/20

Shortly after the price of crude oil crashed into negative territory, I posted an article about where I think the energy sector might go and what the opportunities were. My assessment was that the opportunities would be in natural gas and midstream transportation and storage, and also lower ...

Oil prices have fluctuated more in 2020 than in almost any other year. That significant fluctuation was caused by an OPEC+ price war along with COVID-19. The collapse in oil prices has pushed prices to <$20/barrel. Since then, prices have recovered significantly to the low $30s/barrel; howe...

All OPEC data in the charts below are from the OPEC Monthly Oil Market Report. The data is through April and is in thousand barrels per day. OPEC 13 crude oil production was up 1.8 million barrels per day in April. They are about 3 million barrels per day below their November 2016 high. As...

By Ansh Chaudhary The ETF Deathwatch decreased in size in April. Twenty exchange-traded products ("ETPs") were added to the list, and 34 funds were removed. Twenty-five of those funds were removed due to increased health and nine were due to asset managers closing their funds. That so ma...

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 22.58s as support. This expectation ...

By Tajinder Dhillon U.S. oil majors finished reporting 20Q1 results in the week starting May 4. The industry beat consensus expectations this quarter, led by Exxon Mobil (XOM), Chevron (CVX), ConocoPhillips (COP), Devon Energy (DVN), and Occidental Petroleum (OXY). As a result, the S&P...

Market forces have "demonstrated their power" in recent weeks, according to the IEA, but a resurgence of coronavirus cases will have "major consequences." More news on: The United States Oil ETF, LP, ProShares Trust II - ProShares Ultra Bloomberg Crude Oil, United States Brent Oil Fund, LP...

Welcome to the priced-in edition of Oil Markets Daily! One thing we've learned (the hard way) in the oil market in the years we've closely analyzed it is that prices don't always react according to what fundamentals are doing "today". Markets are discounting machines so just as the data ...

We took a brief hiatus from our weekly series Open Insights to update our oil thesis. Here are our most recent thoughts. We’re now back to looking at the EIA’s Weekly Petroleum Status Report (“WPSR”) for the week of May 1, 2020. EIA reported a crude build of 4.6...

Markets have settled and recovered from the initial shock of the coronavirus spread and the response of governments around the US and the world to lock down the economy. But while the major US indices have approached, if not quite matched, the fabled v-shaped recovery, there are still plenty o...