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

Crude oil seems to be vulnerable to the vagaries of a cartel. Metals are driven by the business cycle. Crude oil seems more sensitive to what drives metals and less by the cartel. For further details see: Crude Oil Is Not A Metal, But It Trades Like One

In its monthly oil market report, the IEA cut its outlook for demand in 2021 by 280K barrels a day to 5.5M bpd, following an unprecedented collapse of 8.8M bpd last year as the coronavirus pandemic battered crude markets.Quote: "Border closures, social distancing measures and shutdowns, among...

For 2021, OPEC forecast global oil demand to increase by 5.9 million bpd. It was a very mixed week, with oil prices remaining relatively steady despite mixed bearish developments. OPEC reported US refinery use rates increased in December 2020 to average 79.14 percent while Europea...

OPEC Monthly Oil Market Report for December 2020 was published this week. OPEC crude output increased by 279 kb/d in December, November output was revised down from last month's report by 26 kb/d. If OPEC's World demand estimate for 2021 is correct and their estimate for non-OPEC ...

Climate change has the potential to have significant effects, but fossil fuel usage doesn't need to go to 0. Even if it does go to 0, market dynamics mean there's plenty of quality energy investments. ExxonMobil and Energy Transfer are two of our favorites, due to their entrenched...

Following the standards set by the Paris Accord, 30% of all oil on the planet will be left in the ground. Pressure has been placed on oil prices by an increasing focus on ESG factors. We have a non-trivial long exposure to energy through our currency positioning. For further...

US shale oil producers act as a cap for oil price. The Energy transition will slowly but sustainably reduce the oil demand. The cheap sector valuation is only the result of a poor profitability, muted growth prospects, and mounting ESG concerns. For further details see: ...

Higher oil prices have caused many investors to fear shale operators will drill themselves into insolvency once again. Rig counts do not support that, and thus far neither does forward guidance. Notably though, Canadian E&Ps seem a little more aggressive. Most companies will r...

The Brent crude oil price has surpassed $55 per barrel for the first time since February 2020 and closed the week nearly at $56 per barrel. This is the first weekly energy recap for 2021, and oil prices are on an upward momentum. The Brent crude oil price has surpassed $55 per bar...

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...