NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 09/02/20

By Ovi All of the oil (C + C) production data for the US states comes from the EIAʼs Petroleum Supply monthly PSM . After the production charts, an analysis of three EIA monthly reports projecting future production is provided. The charts below are updated to June 2020 for the 10 l...

Welcome to the hurricane edition of Oil Markets Daily! Hurricane Laura will materially impact the EIA oil storage report set to be released tomorrow. Refinery throughput was materially impacted with ~2.3 mb/d of nameplate capacity being affected. In addition, the Gulf of Mexico oil product...

Welcome to the macro matters edition of Oil Markets Daily! As any expert will tell you, predicting the price of oil is near impossible. At times, oil markets move purely on fundamentals (time spreads, crack spreads, and storage moves), while, at other times, oil markets move purely on the ...

The only thing that can support a balanced market is a pickup in demand. Oil prices moved with considerable momentum at the start of the week, touching four-month highs. But, by the end of the week, Brent crude had settled at $43.34 per barrel. WTI also edged up to $41.34 per barrel. Ene...

There was a certain inevitability that the coronavirus pandemic and its associated lockdowns would revive the claims that the oil era is all but over. There is no doubt that the coronavirus was, and indeed remains, a massive shock to the global economy. It has led to a rethink of almost ever...

By Phil Flynn Crude oil prices have come all the way back from before the OPEC/ Russia price war. Both Brent and WTO crude have defied the skeptics proving once again that it is futile to fight global central banks. The catalyst for the overnight crude spike is the €750 billion ($86...

Welcome to the EIA edition of Oil Markets Daily! Oil prices took today's bearish EIA oil storage report in strides. With prices staying above the breakout level of $41.20 and moving higher despite the initial downward move following the report. Our takeaway from the report was that it wa...

Oil prices moved in the narrowest range ever this past week. Brent crude oil fell by only 10 cents from the week earlier to close at $43.14 per barrel while WTI moved higher by only 4 cents to $40.59 per barrel. These prices are extremely close to the July average for both benchmarks so far. ...

All OPEC data below is from the July 2020 OPEC Monthly Oil Market Report . All OPEC data is through June 2020 and is in thousand barrels per day. All copied and pasted texts are in italics. OPEC cut further in June, down almost 1.2 million barrels per day. They are down about 6.8 millio...

An OPEC+ technical committee that met online Tuesday detailed plans for countries including Iraq, Nigeria and Kazakhstan to make an additional 842K barrels a day of compensatory cuts in August and September, according to delegates . More news on: The United States Oil ETF, LP, ProShares T...