NDP News and Press, Tortoise Energy Independence Fund Inc. From 09/26/22

Summary The Norway Petroleum Directorate reported that production rebounded from June to July to 1,664 kb/d and then rose to 1,773 kb/d in August. Guyana added an additional 30 kb/d of production in August to reach a new high of 390 kb/d. On September 23, 2022, WTI settled bel...

Summary Global refined oil product markets are on track to remain tight until mid-decade, with the global downstream industry facing significant near-, medium- and long-term challenges. S&P Global Commodity Insights forecasts that there are no quick fixes for the forces at pla...

Summary 14 out of 23 CEF sectors were positive on price and 16 out of 23 sectors were positive on NAV last week. HYT conducts a rights offering. ZTR rights offering has expired. Author's note: This article was released to CEF/ETF Income Laboratory members on Septem...

Summary OPEC output increased by 618 kb/d in August after being revised higher in July 2022 by 37 kb/d and June 2022 output was revised up by 5 kb/d compared to last month’s MOMR. For the ordinary least squares trend for the October 2021 to August 2022 period for OPEC crude...

Summary Recent U.S. legislation alters the trajectory of GHG emissions and expands the opportunity set for midstream issuers. The bill enhances and expands the incentives for a diverse array of investments, enabling decarbonization across the U.S. economy. The strength of IRA ...

Summary The cost of developing upstream oil and gas assets, as tracked by the IHS Markit Upstream Capital Costs Index (UCCI), increased by over 7% in the first half of 2022. The rising in costs was driven by several factors: the conflict between Russia and Ukraine (leading to risi...

Summary 0 out of 23 CEF sectors positive on price and 0 out of 23 sectors positive on NAV last week. U.S. equities were the worst-performing CEF sector. SMM will be merged with SMLPX. Author’s note: This article was released to CEF/ETF Income Laboratory memb...

Summary May Non-OPEC production decreased by 148 kb/d to 48,834 kb/d. World oil production in May decreased by 638 kb/d to 78,947 kb/d according to the EIA. The supply-demand situation for 2023 is expected to be very tight with February 2023 showing a shortage of over 2,000 kb...

Summary For the second month in three, CEFs on average witnessed downside returns, declining 2.23% on a NAV basis for August. While for the seventh month in eight, fixed income CEFs posted returns in the red (-1.29%). Twenty-five percent of all CEFs traded at a premium to thei...

OVERLAND PARK, KS / ACCESSWIRE / September 1, 2022 / Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of August 31, 2022, the ...