NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 07/05/20

Brent crude oil rebounded to a near 20-week high at $42.80 per barrel as WTI also rose to $40.32 per barrel. Brent averaged $40 per barrel for the month of June, almost the same as for the entire first half of the year. Oil prices have moved in a narrow band for most of the past two months a...

A post by Ovi at peakoilbarrel 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 April 2020 for the 10 largest US o...

When WTI crude oil prices turned negative for the first time in history, it caused chaos in the industry. The problem occurred in Cushing, Oklahoma (and it will only happen here), which is the delivery point for WTI crude. When there were more sellers than buyers, the storage facility became f...

With crude and natural gas production volumes slowing and a notable bankruptcy filing from producer Chesapeake Energy ( CHK ) this week, questions have arisen about the durability of midstream contracts. What protections are in place that can support operational resilience? How are companies h...

The price of crude oil on the continuous futures chart moved from a low of negative $40.32 on April 20 to its most recent high at $41.63 on June 23. While the move below zero and to an extraordinarily low price was an outlier, the price range over the past eleven weeks has been an incredible...

I expect West Texas Intermediate oil prices to range between $35 to $45 per barrel for July. If oil prices go below $35, I do not expect them to stay there for long. If, however, prices surpass $45, they might stay at that level. Although I gave a range of between $30 and $40 per barrel for ...

Brent crude declined to $41.02 per barrel last week as WTI also retreated to $38.49 per barrel. Both grades were down by about a dollar. On a monthly basis, Brent has been moving in a narrow range between $38 and $42 per barrel since the end of May. This is a healthy sign both for the oil ...

A post by Ovi at peakoilbarrel. This post updates Non-OPEC production to February 2020. However, we are now in late June 2020 and the effects of the plunge in the price of WTI, which began on January 6 and ended in the negative low of $-37.63/bbl on April 20, is showing up in plunging prod...

By David Brady Beginning with the fundamental backdrop, we're seeing an increasing number of headlines and states signaling a resurgence of COVID-19, or "Wave 2", and talk of renewed lockdowns. This comes on the heels of the Fed's taper of liquidity, which I discussed last week. This spell...

The history-making moves in oil this year have seemed to give way to a momentary calm, with West Texas Intermediate ((WTI)) oil prices trading in a range of $35-40 per barrel (bbl) for the first three weeks of June. OPEC and its allies (OPEC+) are doing their part to add stability to the marke...