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U.S. Energy Information Administration (EIA), July 7, 2026. "Short-Term Energy Outlook."
ADI Analytics, June 19, 2026. "Oil & gas midstream: 2026 mid-year trends and supply chain impacts."
Oilprice.com, July 18, 2026. "Canada Unveils New Pipeline to Cut Reliance on U.S. Oil Routes."
The Global X Research Team is pleased to announce the release of its MLP Quarterly Report, featuring key insights and opportunities in the midstream sector. The key takeaways below, as well as the charts included within this report, recap some of the key developments that impacted the midstream oil & gas sector over the past quarter. Click here to view or download the MLP report.
Crude oil prices declined into late June on optimism regarding a potential detente in hostilities surrounding the Strait of Hormuz. The U.S. and Iran signed a memorandum of understanding (MOU) to end the conflict and reopen the Strait of Hormuz to commercial shipping, leading the U.S. EIA to raise its oil production outlook and putting downward pressure on energy prices that reached triple digit levels over the first quarter.1
Permian natural gas production growth continues to outpace infrastructure capacity, keeping pipeline utilization rates in the mid-to-high 90% range and depressing natural gas prices at the Permian-linked Waha pricing hub. As much as 4.6 billion cubic feet per day (bcf/d) may be on track to startup in 2H 2026, including the GCX expansion, the Blackcomb pipeline, and the Hugh Brinson project, potentially easing infrastructure constraints linked to Permian gas production.2
The governments of Canada and Alberta unveiled potential plans for a 3,300-kilometre ioil pipeline, connecting Albert and Ontario, with capacity to transport as much as 500,000 barrels per day (bpd) of crude oil. The pipeline is intended to extend Canadian oil exports to the Atlantic Coast, potentially opening new export routes to Europe and reducing the nation's reliance on exports to the United States.3
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Our MLP Quarterly Report covers recent developments driving the midstream oil & gas market and key metrics related to Master Limited Partnerships.
Global X Research
The War in Iran could impair energy output and thus reshape supply chains. It also highlights the growing importance of North American energy infrastructure.
Kenny Zhu
Global X Research
