NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 09/11/20

Welcome to the more downside edition of Oil Markets Daily! We have received a lot of messages recently about whether or not now is the time to buy this dip. The answer is no. Not only has the E&P sector ( XOP ) broken down support at $47, but WTI, in our view, is likely to test t...

Lower oil prices and production have undoubtedly been the focus of many energy investors over the last few months. Even with the recent stabilization of WTI crude around $40 per barrel, oil prices are still well below pre-COVID levels. However, another less frequently discussed side of energy ...

- Demand concerns finally catch up with commodities. - Were cheap gas and complacency enough to put US drivers in a holiday mood? Demand concerns are putting pressure on the energy market, with Brent threatening to drop below the $40 per barrel mark in early trading on Tuesday. Demand beco...

We took a brief hiatus from our weekly series Open Insights to update our oil thesis and contemplate inflation. 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 August 28, 2020. EIA...

Saudi Aramco ( ARMCO ) has cut the October official selling price for Arab Light crude it sells to Asia by the most since May, while the world's top oil exporter also lowered prices to the U.S. for the first time in six months. More news on: The United States Oil ETF, LP, ProShares Trust I...

Oil prices retreated after last week's rebound, as Brent dropped to $42.66 per barrel and WTI weakened to $39.77 per barrel, dipping below the $40 barrier for the first time since June. A weak outlook for global oil demand has revived concerns about the slow pace of recovery from the COVID-1...

Let us turn back the clock just a bit. The time is May 2020. It is a volatile time in the markets, but the financial media has lost its mind over the massive flotilla of very large crude carriers ("VLCCs") heading to American shores. Although well-telegraphed for months - the ships were chart...

Welcome to the serious edition of Oil Markets Daily! The Saudis have been playing this oil game since May 2017. Following the disastrous start to the OPEC+ agreement at the end of 2016, Saudi oil exports, under the guidance of the previous energy minister, Khalid Al-Falih, to the US began ...

NYMEX crude oil recently rolled from September to October futures. On August 31, the nearby Brent futures contract rolled from October to the November futures contract. In late April, nearby WTI futures fell to the lowest price since trading began in the early 1980s when they reached negat...

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...