Tag: energy
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Oasis Midstream Partners (OMP) merger with Crestwood Equity Partners (CEQP) to have minimal effect on distributions
In the first quarter of 2022 Oasis Midstream Partners (OMP) will complete a merger with Crestwood Equity Partners (CEQP). Oasis investors will receive 0.87 Crestwood units for every Oasis unit owned. But, Crestwood plans to increase its distribution by 5% in the first quarter of next year. The distribution received by Oasis investors should be…
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Red Friday not Black Friday
Slow news week, Twitter CEO may step down, Oil rises, Omicron threatens us, Canada releases from its reserves, and much much more!
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Wishing you tasty yields for Thanksgiving
Owl Rock Capital announces stock repurchase, decreased demand for oil in Europe, natural gas prices pop in Europe, and much more!
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Biden Administration investigates oil and gas companies for illegal pricing conduct
When is the last time an American President investigated oil and gas companies for raising the price of gas and other fuels when supplies have been constrained? President Biden called on the Federal Trade Commission to investigate whether oil-and-gas companies are participating in illegal conduct aimed at keeping gasoline prices high. In a Wednesday letter…
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Natural Gas prices pop in Europe
Construction of Nord Stream 2 was completed in September, but gas has yet to flow through the pipeline. The conduit links Russia and Germany and is awaiting approval from German and European authorities. Washington opposes the pipeline, which circumvents U.S. allies including Ukraine and Poland and could deepen Europe’s dependency on Russian gas. However, the U.S. waived…
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Increased output and decreased European demand could ease oil prices
In its closely watched monthly market report, the IEA said that the tight supply and demand balance in the global oil market could be about to ease. It expects output to rise by 1.5 million barrels a day in the remainder of 2021, with the U.S., Saudi Arabia and Russia accounting for around half of that amount.…