Midstream Gains, Gas Price Surge, and the DOE’s AI Bet

This month, Senior Portfolio Manager Brian Kessens breaks down key energy sector themes:

  • Market Moves: Energy and midstream outperform the S&P 500
  • Natural Gas: Prices rise on colder weather expectations and controlled production 
  • Crude Outlook: Brent as OPEC+ cuts kick in 
  • DOE & AI: AI project aims to fast-track energy innovation
  • Permitting Shift: NE states greenlight long-stalled pipeline infrastructure 

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The S&P 500® Index is an unmanaged, market-value weighted index of stocks that is widely regarded as the standard for measuring large-cap U.S. stock market performance. The Alerian Midstream Energy Index is a broad-based composite of North American energy infrastructure companies. The capped, float-adjusted, capitalization-weighted index, whose constituents earn the majority of their cash flow from midstream activities involving energy commodities, is disseminated real-time on a price-return basis (AMNA) and on a total-return basis (AMNAX). The S&P 500® Utilities comprises those companies included in the S&P 500 that are classified as members of the GICS® utilities sector.


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