NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 09/27/20

Oil prices could benefit from a disciplined OPEC+ production strategy and sharply lower US shale output. Bart: Targeting a gold price of US$2,200 in 2021; could go significantly higher beyond that. Real interest rates likely to drift lower, which is good for US gold prices. ...

Tick Index patterns can be useful for analyzing how securities are trading and when to buy on the dip. We are approaching an inflection point in fossil fuels as oil stocks fall out of favor and trends turn toward sustainable energy and ESG investing. Oil may be beaten down now, bu...

Elements of game theory have long plagued OPEC's attempts to control oil prices. Overproduction by some players has contributed to a failure to lift Brent Crude prices past U.S. $46 per barrel. Supply is being met by drawdown on high refined stocks and not feeding through to crude...

Non-OPEC production dropped slowly from a high of 52,638 kb/d in December 2019 to 52,396 kb/d in March 2020. Maintenance and extensive turnarounds planned between September and November could shave around 200,000 b/d from Brazil's output. World oil production in May decreased by 1...

We review EIA's Weekly Petroleum Status Report for the week of Sept. 11, 2020. Crude inventories decreased by 6.5M barrels and petroleum products increased by 8.7M barrels. COVID concerns, political uncertainty and oil industry's strategic shift have taken the wind out of oil pric...

Oil prices have, once again, dropped below $40.00 a barrel, as the demand for oil and gas continues to wane and the supply of oil is being maintained. Given this economic scene, the years and years of debt accumulation on the part of firms within the industry is catching up and bankru...

This article will cover four key macroeconomic themes for year-end 2020. These themes are the Treasury market, oil prices, US dollar foreign exchange rates, and China's economy. I believe these forces will determine the direction of the global stock markets. That is, higher Tr...

A higher low as the stock market hit a speed bump. Inventories have declined in nine of the past twelve weeks. The seeds of inflation are potent. Crude oil is waiting for the US election. High-quality petroleum stocks for investing and the UCO and SCO for a trading alterna...

The bearishness in the market was emphasized by the monthly oil reports from both OPEC and the International Energy Agency. Despite that, Brent hit $43.15 per barrel and WTI crude price rose to $41.11 per barrel. OPEC’s latest reassurances to its commitment to balance the m...

Welcome to the peak bearishness edition of Oil Markets Daily! Fundamentals do not determine when markets top or bottom, sentiment does. And this week's media headlines have been nothing but bearish for oil and the energy sector. What set off this bomb was BP's (BP) renewed outlook about ...