NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 11/16/20

A drop to the lowest level since May and a return to the pivot point. An emerging bullish pattern on the monthly chart. Open interest turns higher with the oil price. Georgia is critical for the oil market. Volatility in oil shares- ERX and ERY are leveraged products. ...

Oil prices registered a second weekly gain, even as the surge in COVID-19 cases worldwide tempered market optimism. Both benchmark prices recovered above the $40 per barrel barrier. The week ended with Brent rising to $42.78 per barrel and WTI gaining to $40.13. For further ...

Physically delivered contracts like WTI crude oil provide consistency between the value of financial instruments and their underlying commodity. The roots of physically delivered commodity futures go back to the 17th century Dojima Rice Exchange in Osaka, Japan. Physically deliver...

The combined production of all OPEC nations was up 322,000 barrels per day in October. However, that was after September production had been revised downward by 41,000 barrels per day. Not much change in Iranian production. The big question is what will happen after Biden is sworn in....

A day after OPEC cut its global oil demand forecasts, the IEA is jumping on the train, as the "task of re-balancing the market will make slow progress... unless the fundamentals change.""With a COVID-19 vaccine unlikely to ride to the rescue of the global oil market for some time, the combina...

While a vaccine breakthrough announced this week by Pfizer could revive fuel demand, the logistical challenges of deploying a vaccine to billions of people mean it won't materially change oil-market conditions over the next six months.That thinking is prompting Saudi Arabia and Russia, leader...

Major media outlets have already announced Biden to be the next POTUS. While nothing is official "official" yet, the odds of Trump winning a 2nd term look unlikely. Under a Biden administration, US oil production will never fully recover back to ~13 mb/d. Oil market deficit set to bal...

As winter approaches, more development and exploration drilling activity is beginning to ramp up on the North Slope of Alaska. ConocoPhillips, the basin leader, and a large group of small independents are gearing up for exploration and development activity throughout the basin. Th...

Saudi Aramco recently announced its latest earnings, highlighting that the company isn't close to paying its dividend. Saudi Arabia has a massive deficit in addition to this unaffordable dividend. This is a strong indication for oil prices. We expect Saudi Arabia to do what it can...

The election and US crude oil policy in 2021. The price action in crude oil shares was counterintuitive over the past four years. The regulatory environment starting in 2021 will reflect the election results- Georgia becomes critical. Bullish price action in crude oil is possi...