NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 12/03/20

Septemberʼs New Mexico production increased by 19 kb/d to 1,024 kb/d. New Mexico had 43 rigs operating during September. Louisianaʼs output dropped by 1 kb/d in September to 84 kb/d and appears to be in a steady slow decline. From November 2020 to February 2021, outp...

Diplomatic efforts are currently underway to repair that cracks in the 23-nation OPEC alliance as a dispute over how much crude to pump in 2021 broke into the open.The UAE has grown impatient to use its new production capacity, while also planning to launch a regional oil benchmark contract a...

BMO Announces Redemption of Six ETNs NEW YORK , Dec. 1, 2020 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that it intends to redeem all of the outstanding securities in each of the series set forth in the following table (collectively, the "...

Brent crude rose to $48.18 per barrel, the highest level in eight months. Oil prices recorded their fourth successive weekly gain on positive vaccine news and hopes for a sooner-than-expected recovery in demand. Despite the rally, market fundamentals remain unchanged. For fu...

OPEC+ producers have shown great flexibility in adapting their output cuts scenario as the market dictates. That may again come into play as it considers a 3 month extension to the current 7.7 million bpd of output cuts. We have not seen the kind of upward momentum of the market o...

Increased tolerance for risk might explain why gold - almost alone among commodities - has dropped rather precipitously in the past month or so. Among the commodity universe, gold stands out as very expensive, while crude stands out as still very cheap. Expect these prices to norm...

Non-OPEC production reached its lowest post COVID-19 production rate of 45,332 kb/d in May. Mexicoʼs production decreased in July by 10 kb/d to 1,656 kb/d, according to the EIA. According to the Russian Ministry of energy, Russian production increased by 10 kb/d in October ...

Lost in election season and pandemic news flow has been the relative stabilization in energy macro and midstream fundamentals since March. Adding to COVID-19 related anxiety in our view is an increase in concern that rapid adoption of electric vehicles and renewable energy may severel...

Heading into 2021, the path of COVID-19 appears to be a primary driver of oil prices, relegating some important fundamentals to a secondary role. As 2020 draws to a close, another wave of the virus appears to be keeping U.S. domestic travel demand severely dampened. The path of th...

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. ...