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Industry Top Trends Mid-Year 2020 Update: North American Midstream Energy

Weak prices. An oversupply of natural gas and crude oil combined with COVID-19-related end-user demand destruction caused prices to plummet in March and April. This could result in average midstream EBITDA declines of 10%-15% for 2020. Exploration and production (E&P) companies have scaled back production forecasts, even with modest price improvements in the second quarter.

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