Enterprise Products Partners L.P. (EPD) and Kinder Morgan, Inc. (KMI) are two prominent players in the oil and gas industry. EPD provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. It also operates refined products pipelines and terminals, ethylene export terminals, and provides refined products marketing and marine transportation services. In comparison, KMI operates as an energy infrastructure company in North America. The company operates through four segments ─ Natural Gas Pipelines; Products Pipelines; Terminals; and CO2. It owns and operates approximately 83,000 miles of pipelines and 143 terminals.
Rising demand for oil and natural gas upon the resumption of economic and industrial activities and its controlled supply by OPEC+ enabled the industry to enjoy high prices and rebound from their pandemic-lows last year. While OPEC+ decided to hike oil supply this February, the conflict between Russia and Ukraine, which led to bans on Russian energy imports, raised concerns over a global supply shortage, leading to skyrocketing oil prices. According to experts, even if OPEC+ boosts production, a decline in oil prices is unlikely in the near term.
