NYSEARCA:NRGD

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$23.76
-1.35 (-5.38%)
At Close: Jun 03, 2026
The initial excitement for the Keystone XL pipeline has worn off during the US election year. The imbalance between production and pipeline volumes is what's ca

OPEC May 2020 Oil Production

01:20am, Friday, 19'th Jun 2020
OPEC crude only production was down 6,300,000 barrels per day in May. Iraq finally cut by 330,000 barrels per day but this is still way below what they were exp
China's imports of US crude oil are expected to hit record-high levels in July with cargoes shipped in May having surpassed 550,000 b/d. Flows from the USA to S
Leverage in a highly volatile environment presents lots of challenges. ERX, ERY, GUSH, and DRIP go from triple to double leveraged products. NRGU and NRGD conti

Outlook For Energy Unchanged

10:08am, Thursday, 30'th Apr 2020
Oil producers likely underestimated the effects of the demand crunch happening at the same time as their supply bids. While agreements to cut oil production may

Crude up 16% as Norway adds to global supply cuts

10:06am, Thursday, 30'th Apr 2020
Western Europe's biggest oil producer, Norway, is voluntarily joining international efforts to cut supply for the first time in almost two decades."We will cut production by 250K barrels per day i
Global crude storage onshore and on water has only built 260 million bbls MTD. This is an implied surplus of ~10 to ~11 mb/d, or less than half of the estimated

Crude off another 20% in overnight action

08:53am, Tuesday, 28'th Apr 2020
Carl Icahn says we won't see crude prices in negative territory again, but it is sure looking more likely by the day.WTI plunged 25% on Monday, slumped another 20% overnight to $10/bbl, and there is s

Non-OPEC Oil Production Punches New High

03:07pm, Sunday, 26'th Apr 2020
The oil market environment for this post has been even more surrealistic than the previous one and the associated futures contract prices have been extremely vo
Although WTI plunged into negative history for the time, net long positions for US crude futures and options also rose by 51,991 contracts to 209,734 over the w

MacroView: The Oil Price Crash Was Inevitable

06:35pm, Saturday, 25'th Apr 2020
Nobody wanted to pay much attention to the fundamentals at a time when near-zero interest rates were pushing banks, hedge funds, and private equity firms to cha
Price discovery lower through Monday’s trade before testing major support, 20s-19.50s, into early Tuesday. A sell-side breakdown in Tuesday’s auction in the Jun

U.S. Shale Oil: Avoid This Bear Trap

02:41am, Friday, 24'th Apr 2020
The crude oil market is in extreme oversupply due to price war dynamics. Motives of Russia, a key player in the price war, likely driven by miscalculation of th
There are eerie similarities between the oil price crash in the 1980s and the current turbulence in energy markets. Oil prices remained low for 17 years straigh
Carnage with a capital C in crude oil. Onions went to zero; crude oil went lower- Brent holds up, for now. Leverage comes at a price, but zero is the bottom in
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