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

Describing the last twelve months as one of the most "challenging years" in recent history, Saudi Aramco (ARMCO) reported net income of 183.76B riyals ($49B) in 2020, down 44% from 330.69B riyals ($88.2BB) the previous year. The result was slightly below analysts expectations of 186.1B riyals...

On the week closing, Brent crude decreased slightly and ended the week at $69.22 per barrel. WTI crude prices ended the week lower at $65.61 per barrel. With the US dollar at its strongest value since November 2020, like many dollar-denominated commodities oil prices have been inverse...

Big production cutbacks by mega-producers Russia and Saudi Arabia lit a fire under the oil market to start 2021. With the passage of the Covid Relief Bill, we expect the Biden Administration to shift the focus to infrastructure and climate change. Crude oil is a volatile market. T...

Many macro and political overhangs lifted by the end of Q4, with optimism about the re-opening economy driving Energy sector gains. Value sectors like Energy shined as the economy rebounded, and small cap and cyclical sectors became market leaders. With rising inflation, midstream...

Oil prices are back on the front after two-straight losing days.WTI futures (CL1:COM) are up 1%, nearly $65/barrel and Brent futures (CO1:COM) are up 1% above $68/barrel.Rising commodities prices, and oil in particular, are stoking inflation concerns and worries about higher in...

Texas Governor Greg Abbott lifting the mask mandate on Tuesday is good news and will help to stimulate new job growth in the upcoming months. Mississippi Governor Tate Reeves announced similar moves. The other exciting thing that briefly boosted financial markets early last week was t...

The creaming curve for lease sales in Brazil looks like it is turning towards the asymptote overall. The average take-up of offers has remained high, which suggests APB, the Brazilian authority in charge, is discerning about what it offers. Production jumped in late 2019 but has s...

Oil prices are at the highest levels since October 2018. OPEC+ took the market by surprise when it decided to roll over its quota. Bearish developments make oil demand recovery uncertain in the short-term. For further details see: Weekly Energy Recap: March 5, 2021

The 5-year TIPS breakeven rate has surged to equal its highest in a very long time. The congruence and consistency make more sense in light of what's really been driving crude since late last year. The economy is still improving but way too slowly and certainly not in some out-of-...

Oil prices jumped another 1.8% to over $65 a barrel overnight after OPEC+ decided not to unleash millions of barrels on to the market. The main debate at the meeting was whether to go forward with a collective production increase and if the Saudis would return the 1M bbl/day it voluntary took...