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In its monthly production output meeting, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to keep the output mostly steady in February.
TC Energy announced TC Pipelines agreed to its plan to acquire all outstanding common units of TCP that it does not own in an all-stock offer by TRP.
Oil prices finished the 2020 year down -29.6%, falling from $61 to $49.
The impact of the COVID-19 pandemic significantly affected global demand through much of 2020, but economic re-openings added momentum towards the end of 2020.