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By Ovi While this post updates Non-OPEC production to January 2020, we are now in late May and the direction for future production for the next few years is clear, LOWER than where it was in March 2020. OPEC, in response to the reduced worldwide demand, arranged for a production reduction ...
by Daniel Shvartsman Richard Berger, author of Engineered Income Investing, recently published an article on what every investor should know about the oil sector. It painted a fairly grim picture, and yet he couldn't quite quit the sector, pointing out a couple stocks he likes with specifi...
by Daniel Shvartsman Oil and gas has had an eventful 2020, even by coronavirus market standards. Kirk Spano , author of Margin of Safety Investing has been a notable bear on oil even before this period, so it was no surprise to hear his skepticism in our recent roundtable on the sector...
Looking at the details, the higher WTI pricing becomes evident. US Crude Production has fallen to 11.5mil BBL/Day. Exxon (XOM) restarts refinery - Refinery inputs rise. Gasoline Inv rises a little, but US Crude Inv falls ~5mil BBL. Oil prices are rising sharply with the early...
Welcome to the more data edition of Oil Markets Daily! EIA's latest weekly oil storage report, once again, surprised the consensus estimate of +1 mbbls for crude. With a draw of -3.1 mbbls overall in crude, implied US oil production is below 10 mb/d. Source: EIA, HFI Research In EIA's ...
In response to the dramatic decline in oil demand stemming from the COVID-19 pandemic and the resulting price weakness, global oil supply is expected to fall significantly this month, as OPEC+ cuts took effect May 1. Some producers began implementing production cuts early, and Saudi Arabia has...
Shortly after the price of crude oil crashed into negative territory, I posted an article about where I think the energy sector might go and what the opportunities were. My assessment was that the opportunities would be in natural gas and midstream transportation and storage, and also lower ...
Oil prices have fluctuated more in 2020 than in almost any other year. That significant fluctuation was caused by an OPEC+ price war along with COVID-19. The collapse in oil prices has pushed prices to <$20/barrel. Since then, prices have recovered significantly to the low $30s/barrel; howe...
All OPEC data in the charts below are from the OPEC Monthly Oil Market Report. The data is through April and is in thousand barrels per day. OPEC 13 crude oil production was up 1.8 million barrels per day in April. They are about 3 million barrels per day below their November 2016 high. As...
In this article, we examine the significant weekly order flow and market structure developments driving WTI price action. As noted in last week’s WTI Weekly , the primary expectation for this week was for price discovery higher, barring failure of 22.58s as support. This expectation ...
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Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN Company Name:
YGRN 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 "...