Saturday, June 28, 2025

Could E&P Bankruptcy Destabilize Midstream MLPs?

Bankrupt E&P companies looking to end pipeline agreements The downturn in oil prices took a serious toll on the U.S. E&P market last year, with 42 companies filing for bankruptcy in 2015. Those companies’ total debt amounted to $17.85 billion, and many of them are seeking to restructure under Chapter 11. As part of that restructuring, many oil and gas

OPEC prepares for its 171st meeting to decide on production cuts

Rumors of a $50 OPEC Price Floor Send Prices Higher

Brent crude oil broke $40 per barrel for the first time in 2016 Both U.S. and international crude benchmarks are up over 5% today as rumors of a potential OPEC price floor give new hope of a “fair price for producers and consumers” – a phrase once favored by OPEC. WTI is up nearly $2 at $37.84 per barrel today,