NDP News and Press, Tortoise Energy Independence Fund Inc. From 10/23/19

By Bryce Bingham Oil production in the US has seen an explosion of growth over the last decade, which resulted in the US becoming the world's leading producer of oil last year. From 2010 to 2018, annual US crude production more than doubled, increasing from 5.5 million barrels per day (MMB...

Crude oil futures ( USO +1.2% ) close higher , helped by a report that major oil producers will consider deeper production cuts when they meet in December; December WTI, the new front-month contract, settled +1.8% at $54.48/bbl, December Brent +1.3% to $59.70/bbl. More news on: Th...

Desperate for cash, shale companies are banking their capital-raising hopes on a new type of financial instrument that resembles mortgage bonds. More news on: Schlumberger Limited, Pioneer Natural Resources Company, Halliburton Company, Energy stocks news, News on ETFs Read more ...

Crude oil futures gave back much of their gains from last week, as a lack of details about the first phase of a U.S.-China trade deal undercut optimism over a trade relations thaw that had helped lift crude markets late last week. More news on: The United States Oil ETF, LP, Energy Sel...

One of the worst-performing sectors of the stock market has been energy-related companies. Part of the problem has been the weakness in oil and gas prices. In 2018, crude oil traded to a high at $76.90 per barrel on the nearby NYMEX futures contract. In 2019, the high has been at $66.60 in lat...

Note: This report was released to members one month ago. Chemist's Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plus closed-end funds (CEFs) for further due diligence and investigation. Previous editions of the Rep...

Equities have snapped back from sharp early losses but not so much for crude oil ( USO -1.1% ), as WTI is on track for its eighth straight down day amid concerns about global economic growth, oil demand and signs of excess supply; November WTI -1.4% to $51.89/bbl. More news on: The U...

Benchmark crude oil prices ( USO -1.9% ) settled at their lowest levels in nearly two months amid weak economic data that weighed on prospects for energy demand and a larger than expected increase in U.S. crude inventories. More news on: The United States Oil ETF, LP, The United Stat...

Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP, TPZ and TEAF. Tortoise Energy Infrastructure Corp. (NYSE: TYG) today announced that as of Sept. 30, 2019, the company’s unaudited total assets were ...

Oil prices surged Monday after attacks on Saudi Arabia’s Abqaiq processing plant and Khurais oil field Saturday suspended more than half the country’s oil production. While the ultimate impact will depend on a combination of the extent of damage, the U.S. and Saudi response, and ...