NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 10/22/20

Commodities giveth and taketh away. Russia pours cold water over OPEC-led curtailments. And we hate to say we told ya so, but we told ya so. Though, to be fair, it is 2020 so anything can happen. For further details see: The Daily Dose: Deck Stacked Against Crude

Total OPEC production was down 47,000 barrels per day in September but that was after August production was revised upward by 109,000 bpd. Russia is the only other oil-producing nation that has production data for September. Russia's C+C production was up 61,000 barrels per day in Sep...

Energy stocks have taken a beating over the last few weeks. Concerns about a worldwide resurgence of COVID-19 have raised the specter of declining economic activity and the negative potential impact on oil demand. Longer-term two news items last month, one from the governor of Cal...

Hurricane Delta led to an outage of about 90 percent of production, the main contributor to price rises. Crude oil prices recovered to above the $40 barrier for both benchmarks after sharp falls a week earlier. Brent crude advanced to $42.85 per barrel while WTI gained to $40.60 p...

Production is dominated by major international companies, particularly, and maybe surprisingly, European ones. Principally Shell and BP, but with Equinor, Eni, Total and Repsol also active and many are (or were) seemingly wanting to expand in the area. The recent growth in product...

Real-time US oil production reading indicates ~10.783 mb/d into October. With September US oil production now set at ~11 mb/d average, the implied decline rate between August and September excluding shut-ins is around ~500k b/d. Consensus has US oil production flat around ~11 mb/d...

Oil companies are facing a perfect storm of low prices, low demand and long-term questions about the viability of their product. Oil companies' share prices reflect their fall from grace. They were once the largest sector in the S&P 500. The whole fossil fuel industry is facin...

OPEC members shipped out 18.2 million b/d, up from the 17.53 million b/d exported in August, data from IHS Markit Commodities at Sea showed. Fresh outbreaks and unrelenting spread of the virus in countries such as India have dented hopes of a sustained demand recovery leading to a pul...

Crude oil consolidates in Q3- WTI was higher while Brent posts a marginal loss. Oil products move lower over the past three months. Crack spreads decline. Natural gas makes a significant comeback from a quarter-of-a-century low in late June. Ethanol rallies on higher grain...

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. ...