While we can’t be sure if Kinder Morgan’s (KMI) CO2 segment either shut-in production to avoid losses or hedged its power exposure, status-quo production could have produced a $220 million opex increase vs. 1Q20 in the aftermath of the Arctic winter storm that froze over the Central U.S. in mid-February. (KMI)
Crude prices surged up to 5% on Thursday as the Organization of Petroleum Exporting Countries (OPEC) and its allies agreed to extend most of their production cuts through April, bucking market expectations for some easing of supply curbs as global economic activity recovers. (OPEC)
Analysts from East Daley’s capital markets and commodities teams hosted a webinar discussion yesterday, March 3, reviewing 4Q20 earnings for midstream companies in our coverage group. Contact email@example.com to access a recording of the webinar.
North American Energy Indicators and Equity Prices