NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 12/15/20

Following OPEC in cutting its forecast for oil demand growth in 2021, the IEA also expects a slower rebound than initially anticipated as the aviation sector takes longer to recover from the pandemic amid border closures and travel restrictions."It is possible that, after the upcoming holiday...

Brent crude price almost hit the important $50 barrier for the first time since March 2020. Oil prices made their sixth consecutive weekly gain despite unchanged fundamentals and bearish market developments. Optimism for a faster recovery in demand, following the release of COVID-...

The speculative bubble surrounding the IPOs for DoorDash and Airbnb is worrisome and too volatile to either long or short at this point. Energy is a little ahead of itself in terms of seasonality, but if Biden limits drilling as expected, and demand kicks back in, it will be great for...

Non-OPEC production reached its current lowest production rate of 45,328 kb/d in May. According to the Norwegian Petroleum Directorate, oil output in September dropped to 1,503 kb/d and then increased by 121 kb/d to 1,624 kb/d in October. World oil production in August increased b...

Brent crude advanced to $49.25 per barrel, the highest level since early March as WTI also gained to $46.26. Crude was buoyed by a compromise deal ensuring slight production increases starting in the new year. This will help producers keep in lockstep with what may be rapidly chan...

The oil markets move in cycles, and we are just exiting one of the worst bear market cycles in history. Energy investors have gone through a lot. At the end of 2019, the light was showing up at the end of the tunnel only to be hit by an incoming train (COVID-19). But the drivers o...

S&P Global Platts says it has opened consultations on adding U.S. WTI Midland crude to its Dated Brent benchmark, a move that could transform the way oil prices are set in many parts of the world.The move reflects the growing importance of U.S. crude internationally - the U.S. restar...

OPEC+ delegates may have found a way forward.Earlier talks this week had centered on delaying a January production hike by three months, but that option ran into obstacles due to a clash between Saudi Arabia and the UAE.Now, the group appears to be leaning towards an oil cuts rollover, with a...

China and India find themselves in some sort of a mini-race in the crude refining business. China, though, is paces ahead of India. If all goes to plan, China could soon dethrone the present No. 1 refiner, the United States. For the last couple of years, India has made no bones of...

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...