NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 04/06/21

Various OPEC+ peers have started announcing production boosts which can have a strong impact on oil price. These are numerous headwinds which help highlight how volatile the oil markets can be. We recommend continuing to hold oil market positions with caution after the recent run-...

In the week closing, the Brent crude price rose slightly to $64.86 per barrel, a small weekly gain of just 26 cents. At the same time, WTI rose 48 cents to $61.45 per barrel. The tiny weekly gains came despite the fact that OPEC+ did not make output cuts roll over, as was widely expec...

An analysis of three EIA monthly reports that project future US production is provided. Januaryʼs U.S. production decreased by 21 kb/d to 11,080 kb/d from Decemberʼs output of 11,101 kb/d. The Eagle Ford basin is expected to produce 862 kb/d in February a decrease of...

OPEC+ agreed to increasing production over May and July time frame while leaving April unchanged. The April balance weakness with China using Iranian barrels and Europe back in lockdown needed OPEC+ to be disciplined. Timespreads continue to consolidate with signs of further conso...

March has been a very challenging month for precious metal investors. As nominal interest rates have risen, the sharply negative inflation-adjusted or "real" interest rates that drove COMEX gold to new all-time highs in 2020 have evaporated. Over the course of March, copper and cr...

Anyone with a commitment to commodities over the past few decades of prominent disinflationary forces has endured considerable pain. In this blog, we attempt to make the case that something that lost over 12% a year on average for more than a decade could play an interesting role in a...

WTI crude (CL1:COM) and Brent futures (CO1:COM) climbed 3% overnight to $59.66/bbl and $62.77/bbl, respectively, after a ship ran aground and blocked the Suez Canal in both directions.The 224K-ton Ever Green was stranded on Tuesday morning after losing the ability to steer amid high winds and...

US oil inventories have soared since mid-February due to refinery outages in Texas due to record-setting cold weather. US refineries have been slow to recover from the Arctic blast, and US inventories of both gasoline and distillates are plummeting as refiners work through stocks to m...

Commodity supercycles are decade-long periods in which commodities trade above their long-term price trend. The idea of a supercycle is further supported by pent-up demand that could be unleashed once economies reopen. A whole new market for metals such as cobalt, lithium, or nick...

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...