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Whether it's the macro front or the oil market-specific front, things are starting to look a lot brighter. We will go through in this article these two topics to explain why we see a brighter future ahead. Oil market fundamentals - the slowdown in non-OPEC supply growth will change sentime...
The OPEC data for the charts below are from the OPEC Monthly Oil Market Report and is thousand barrels per day. OPEC 14 was down 193,000 barrels per day in November, but that was after October production had been revised up by 94,000 bpd. Algeria slightly increased production in November...
With many emerging markets battling the deflationary force of low commodity prices, this fall’s crude oil rally is a welcome sign. Oil prices are threatening to break out above the benchmark $60 level, which would be good news for the world economy. In this report, I’ll make the ...
Instrument The S&P GSCI Crude Oil Total Return Index ( OIL ) reflects the returns that are potentially available through an unleveraged investment in the West Texas Intermediate crude oil futures contract. In other words, the return on the index is directly proportional to the return on ...
Crack or refining spreads in the oil market are the economics of processing a barrel of crude oil into products. Gasoline and distillates, including heating oil, jet, diesel, and other fuels are all petroleum products. The primary ingredient in the products is the raw crude oil, so the price a...
Original Post By Stuart Burns After much delay and considerable uncertainty, Saudi Aramco finally got its IPO away, albeit only on the domestic Saudi market and not in New York, London or Hong Kong - yet. Shares were priced at $8.53, or 32 Saudi riyals. As such, the IPO will raise ...
When there's a slide highlighting "checks and balances" in an oil producer's presentation, as seen in the appendix of EOG Resources' (EOG) 3Q19 presentation , that's probably a good sign of heightened political risk facing the energy industry. To state the obvious, election season is well und...
By Warren Patterson, Head of Commodities Strategy and Wenyu Yao, Senior Commodities Strategist Deeper cuts announced by OPEC+ in December should do a good job in supporting oil prices around current levels over the first quarter. But we still think the group will need to take...
By Bob Iaccino At a Glance Will Saudi Arabia continue being supportive of supply cuts? The price of oil will be key for the valuation of Aramco ([[ARMCO]]) shares. Anyone who has traded crude oil knows that, for the better part of five decades, the Organization of the Petroleum E...
Several weeks ago I posted a trade alert article here on Seeking Alpha suggesting a very trade-able downside move that is setting up in crude oil. In it, I stated: Crude is moving into the 60 region that has been our target zone for some time now. Once this move up completes, which we su...
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Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO Company Name:
NRGO Stock Symbol:
NYSE Market:
BMO Announces Redemption of Six ETNs NEW YORK , Dec. 1, 2020 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that it intends to redeem all of the outstanding securities in each of the series set forth in the following table (collectively, the "...