NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 01/09/21

The future of tight oil output in the US will depend in large part on future development of Permian Basin resources in Texas and New Mexico. I have developed nine scenarios for future Permian basin tight oil output based on three levels of technically recoverable resources and three d...

Moscow and Riyadh are again at odds over how much extra oil the market can tolerate as the escalating COVID-19 pandemic threatens a wave of tighter lockdowns.At a meeting on Monday, Saudi Energy Minister Prince Abdulaziz bin Salman proposed rolling back the 500K barrel-a-day production increa...

The oil price has been seesawing between vaccine optimism and pandemic pessimism. Yet, it has managed a gradual recovery from its lows last year to around $50 a barrel now. Consumption still hasn't recovered to a pre-pandemic level. Furthermore, it doesn't have any prospects of reachi...

Oil prices have fluctuated heavily throughout 2020 in ways that were originally unpredictable. But it doesn't make predicting prices invalid. We're expecting a recovery in demand along with the vaccine rollout to support prices. We're expecting prices to remain near their current ...

A weaker dollar and investors positioning for a recovery in the oil sector could support oil prices in 2021, Energy Aspects analyst Virendra Chauhan declared as crude touched multi-month highs at $49/bbl.The forecast comes as OPEC+ looks poised to cap output at current levels in February, wit...

Octoberʼs US production decreased by 442 kb/d to 10,419 kb/d from Septemberʼs output of 10,861 kb/d. From July to September, approximately 180 rigs were operating in the onshore L48. WTI increased from $36 at the end of October to settle at $48.52 at the end of Decem...

I am increasing my December West Texas Intermediate oil price forecast by $2.50 to $42.50 to $52.50 per barrel for January 2021. As we roll further into 2021, I expect more progress in controlling the pandemic and more optimism toward higher oil prices. I expect oil equities to mo...

"Black April" has cemented the market's "contango" structure, where prices for immediate delivery remain far below future prices. The sustainable output cut strategy will last until April 2022, starting with a reduction of 9.7 million bpd during May and June, then falling to 7.7 milli...

Crude oil prices registered the first weekly drop after the previous seven consecutive weekly gains. On the weekly closing, the Brent crude price declined to $51.29 per barrel. The West Texas Intermediate crude price also declined, to $48.23 per barrel. For further details s...

The OPEC+ agreement has had a limited effect on oil price pre-COVID-19. With the exception in March and April, OPEC+ news seems to have had a modest and short-term effect on oil prices since then. Looking forward, the progress of the COVID-19 pandemic and the roll out of the vacci...