- In its monthly production output meeting, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to keep the output mostly steady in February.
- TC Energy announced TC Pipelines agreed to its plan to acquire all outstanding common units of TCP that it does not own in an all-stock offer by TRP.
- Oil prices finished the 2020 year down -29.6%, falling from $61 to $49.
- The impact of the COVID-19 pandemic significantly affected global demand through much of 2020, but economic re-openings added momentum towards the end of 2020.
For further details see:
MLP Monthly Report: January 2021