NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 10/04/20

The global oil market has entered the fourth quarter on a bearish note. Both international benchmarks fell below the $40 barrier, as Brent crude dropped to $39.27 per barrel and WTI fell to $37.05. It remains questionable if demand will return next year to pre-pandemic levels. ...

July's US production continued to rebound from May's low by adding 538 kb/d to June's output. The US rig count stabilized in September at the 180 level and ended up by increasing to 183 rigs in the week of September 25. According to the September Drilling Productivity Report, LTO ...

The "P" word strikes again. We could be in for a rough financial winter. Apart from oil, the pandemic has eaten into demand for refined products. For further details see: The Daily Dose: Ready For Another Go At Negativity

I am lowering my price forecast for West Texas Intermediate oil to range between $35.00 and $45.00, a decrease of $2.50 per barrel from last month. Oil will continue to recover as the supply glut is exhausted and demand increases. Because of the rising number of coronavirus cases ...

Second-quarter earnings from international oil companies (IOCs) were generally disappointing to investors. That disappointment was reflected in the removal of Exxon Mobil from the Dow Jones Industrial Average index for the first time in 90 years. At the same time, the pandemic has...

Both international benchmarks ended last week lower as Brent crude dropped to $41.92 per barrel and WTI crude prices fell to $40.25 per barrel. A glut of oil stored onshore and offshore remains a concern for traders. Speculators continue to argue that the global oil market will no...

Oil has been steady since June with a brief look lower. Production addresses demand- OPEC and Russia wait for November 3. The status quo could mean a continuation of flat prices. A victory by Democrats could increase volatility in the oil futures market. UCO and SCO are ET...

China's floating storage is finally decreasing in size. Brent timespreads have moved higher, and the market is anticipating higher Chinese crude buying in the coming months. The most supportive thing that's happened is the move higher in refining margins. In order for this rally t...

Gulf economies in the Middle East could be set up for trouble due to their overreliance on oil. Factoring in subdued crude oil prices, S&P Global Ratings estimated that Gulf Cooperation Council central government deficits will soar to $490B cumulatively between 2020 and 2023.Separately, t...

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. ...