NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 06/08/20

Welcome to the what is this edition of Oil Markets Daily! Ever since last week Monday, energy stocks that have already filed for Ch.11 or are about to have squeezed so much higher that it boggles the mind just to look at them. Take Whiting ( WLL ) for example, with breakeven in the long-...

Risk level: RED RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) Crude oil prices looked set to establish a floor at around $40 per barrel after parties to the latest OPEC+ curtailment measure agreed to hold firm for another month. This round of O...

J.P. Morgan thinks crude oil could hit $190/barrel by 2025. That stunning figure was buried in a detailed, 65-page report from its European equity research team, titled “Supercycle on the Horizon.” Due to the unfortunate timing of its release - March 3, 2020 - the report unders...

The drilling market has always been the first and most impacted when there is a crisis in the oil and gas segment, especially by the decrease in exploration. Drilling is a key indicator of the level of short- and medium-term activities expected for the entire sector. Globally, the current scen...

Oil prices ended their sixth week of gains amid several bullish developments that lent support to the OPEC+ meeting that was held on Saturday. The equities markets were considerably higher, as investors factored in the reduced lockdowns in most countries and the expectations this brought of a ...

The finalized pact calls for collective cuts of 9.6M daily barrels until the end of next month, with Nigeria and Iraq making up for their backlog of reductions with deeper cuts over the next three months. More news on: The United States Oil ETF, LP, ProShares Trust II - ProShares Ultra B...

We took a brief hiatus from our weekly series Open Insights to update our oil thesis. Here's our most recent thoughts. We’re now back to looking at the EIA’s Weekly Petroleum Status Report (“WPSR”) for the week of May 29, 2020. EIA reported a crude draw of 2.1M ...

Market structure in the crude oil market are pieces of a jigsaw puzzle that can provide clues about the path of least resistance for the price of the energy commodity. The Brent-WTI spread is a location, quality, and political risk spread, Crack spreads reflect the price differential between...

It was agreed at the 10th extraordinary OPEC and non-OPEC ministerial meeting on April 12 that another gathering would be held in early June via videoconference. The purpose of that meeting will be to determine what further action is needed to balance the market. It follows a relatively succ...

By Ovi All of the oil (C + C) production data for the US states comes from the EIAʼs Petroleum Supply Monthly ((PSM)). At the end, an analysis of three different EIA monthly reports is provided. The charts below are updated to March 2020 for the 10 largest US oil producing states,...