NDP News and Press, Tortoise Energy Independence Fund Inc. From 02/11/22

Tight market and geopolitics may push oil to $100. OPEC has a tightrope to walk balancing supply with demand. Long-term outlook for oil shows rally may not hold. For further details see: Oil Headed To $100 Or Is The Rally Running Out Of Gas?

The oil inventory level is 11% below the five-year average for this time of year. Higher oil prices place upward pressure on inflation. With oil demand continuing to rise and near a level reached in late 2018, without more drilling or increased supply, oil prices are likely to con...

Upstream activity in the Permian Basin has been on the rise lately. By December 2021, crude oil production in the Permian Basin climbed to an all-time high. New capacity additions will require about $6 billion in capex spending between 2022 and 2026. For further details see:...

October non-OPEC production increased by 1,047 kb/d to 49,444 kb/d. The Brazilian pre-salt reserves are being developed by Petrobras, as well as multinational oil companies such as Royal Dutch Shell, British Petroleum, Chevron, and Exxon Mobil. October’s world oil productio...

Until the energy industry feels safe in starting multi-million dollar projects, they need to have some level of confidence those projects are not going to be scrapped on a whim from Washington. The current state of the energy market will have a decent, long-tail effect on the future t...

Conditions will further normalize this year, which will help some of the harder-hit states see above-average gains as employment returns off its current low base. As oil prices spiraled downward in early 2020, the top oil-producing states saw their mining sectors completely unravel. ...

For the second month in three, equity CEFs on average witnessed negative returns, declining 2.40% on a NAV basis for January. While for the first month three, fixed income CEFs posted returns in the red (-2.04%). The national municipal debt CEFs macro-classification witnessed the ...

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 January 31, 2022, the company’s unaudited total assets w...

US November production increased by a surprising 244 kb/d to 11,753 kb/d. Overall, including revisions, November output is 280 kb/d higher than reported in the October report. On average since May 2020 with output at 890 kb/d, production has been increasing at an average rate of c...

Tortoise Energy Infrastructure Corp. (NYSE: TYG) Tortoise Midstream Energy Fund, Inc. (NYSE: NTG) Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) Tortoise Energy Independence Fund, Inc. (NYSE: NDP) Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE...