For months, energy markets have been roiled by the economic impact of the coronavirus pandemic and an oil price war between the world’s leading crude exporters. In infrastructure, midstream assets that were once considered uncorrelated from commodity prices are now in harm’s way.
(Click here to read more of our recent coverage about volatility in the energy sector.)
Companies operating in the midstream space may have been thrown a lifeline earlier this week when Saudi-led OPEC nations agreed to a global curb on oil production. However, the public health crisis drags on.
BlackRock‘s Mark Florian, who heads the Global Energy & Power Infrastructure team, tells Infrastructure Investor in this latest Spotlight podcast how the production agreement and other market trends are impacting the firm’s investments.
(Read more about BlackRock’s bet on an energy sector rebound here.)