SMLP - MLP Monthly Report: June 2020

The June MLP Monthly Report can be found here offering insights on MLP industry news, the asset class's performance, yields, valuations, and fundamental drivers.

Summary

News:

1) The Organization of the Petroleum Exporting Countries and its allies (OPEC+) extended their production cut agreement through the end of July. The agreement calls for output cuts of 9.6 million bp/d. This extension takes roughly 10% of global oil production off the market.

2) WTI crude oil spiked 88% in the month of May from $19 to $35. The ease in the global glut, following the OPEC+ deal,

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