NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 05/03/21

The Suburbanization trend we identified a year ago has continued. The scale is larger than expected. The impact on oil demand and other knock-on effects are greater. For further details see: Suburbanization: One Year Later

Oil prices rose to a six-week high amid bullish oil demand and a positive outlook for the US economy, despite fears that the recovery demand will be impacted by the resurgence of coronavirus infections in India. On the week closing, Brent crude price rose to $67.25 per barrel and West...

What do commodity prices tell us about inflation? Sometimes a lot, sometimes a little. Some commodities are driven by broader economic forces and tell us more about the prospects for overall inflation. High commodity prices can only be sustained by the demand that the prices antic...

Oil prices retreated slightly from the one-month high of the previous week and made a slight weekly drop. On the week closing, Brent crude price deteriorated to $66.11 per barrel and West Texas Intermediate declined to $62.14 per barrel. The market is torn between confusing news f...

OPEC+ production is down because OPEC decided to do so. The price crash in 2020 resulted in a production decline already in 2020, as some producers came close to cash costs. The European Union adopted a regulatory framework with a dual mandate that not just targets fuel economy bu...

Timespreads are finally starting to move higher as Chinese refineries come out of maintenance. Brent 2-3 timespreads have led the way so far with the 1-2 following suit today. Despite near-term risks of Iranian sanctions being lifted and OPEC+ increasing production, spreads are in...

Oil prices made the first weekly gain after three consecutive weeks of decline, despite the rising number of COVID-19 cases and additional travel restrictions. On the week closing, oil prices rose to a one-month high: Brent crude rose to $66.77 per barrel, and West Texas Intermediate ...

The OPEC Monthly Oil Market Report for April 2021 was published this past week. Recent OECD commercial oil stocks were 29,000 kbo above the 5-year average. OPEC crude output for March was about 25,000 kb/d. OPEC estimates demand for OPEC crude in the second quarter of 2021 will av...

Physical oil market is starting to tighten, and the recent move in oil confirms that we are not entering a downtrend. While we are no longer cautious, it's not all green light just yet. Use this opportunity to load up on energy stocks. IEA's projected balance going forward require...

Last Friday’s huge PPI number looked like it could cause a dramatic response in both bonds and stocks, as it came in at +4.2% (year over year), the largest gain since 2012. Bonds did not sell off violently, probably since some uptick was expected on the economic reopening, and ...