NDP News and Press, Tortoise Energy Independence Fund Inc. From 04/12/23

2023-04-12 02:45:00 ET Summary December Non-OPEC oil production decreased by 317 kb/d to 50,784 kb/d. The largest decrease came from the US, 276 kb/d. Output is expected to reach 52,569 kb/d in December 2024, which is 167 kb/d higher than the December 2019 peak of 52,402 kb/d. ...

2023-04-05 03:44:00 ET Summary U.S. oil production increased by 437 kb/d to 12,462 kb/d, a post-pandemic high. From the beginning of April 2021 through to the week ending July 29, 2022, the US added horizontal oil rigs at a rate of close to 3.76 rigs/wk and peaked at 551 rigs in t...

OVERLAND PARK, KS / ACCESSWIRE / April 3, 2023 / 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 March 31, 2023, the company's...

2023-03-20 05:20:00 ET Summary OPEC crude output was revised lower in January 2023 by 69 kb/d compared to last month’s report and December 2022 OPEC crude output was revised lower by 7 kb/d. Assuming the ratio of World C+C to total liquids has remained close to the level of...

2023-03-13 04:07:00 ET Summary November Non-OPEC oil production increased by 502 kb/d to 51,099 kb/d. U.S. December production decreased by 276 kb/d to 12,101 kb/d. World without the US oil output increased by 135 kb/d to 69,547 kb/d in November. For furt...

2023-03-06 09:55:00 ET Summary All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs February Petroleum Supply monthly (PSM) which provides updated information up to December 2022. The Drilling Productivity Report (DPR) uses r...

OVERLAND PARK, KS / ACCESSWIRE / March 1, 2023 / 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 February 28, 2023, the compan...

Summary There is some evidence of lower consumption trends for crude oil as LNG becomes a more popular fuel. Next week’s EIA data set will examine the trends concerning this observation. The rig count belies the rising Fudge Factor in EIA data which suggests US Crude producti...

Summary The average annual increase in World C+C output over the 2005Q1 to 2024Q4 period (20 years) is about 473 kb/d. The top 10 non-OPEC oil producers as of 2022Q3 are the US, Russia, Canada, China, Brazil, Norway, Mexico, Kazakhstan, Qatar, and Oman. The EIA and OPEC have similar...

Summary The oil macro in 2023 will likely be heavily influenced by headlines related to Russian supply and Chinese demand as the country reopens. US production growth is expected to be modest, as companies practice capital discipline and grapple with service cost inflation. Traditio...