High Yield Energy Energy Weekly

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High Yield Energy Energy Weekly

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High Yield Energy

Energy Weekly

Oil declines on peace potential, still see structural support 12 June 2026

Oil prices declined this week on the prospect of a peace deal with US and Iran. We await High Yield Credit

the final details and the actual signing. However, In the event a deal is signed, and the United States

Strait of Hormuz reopens, we see the need to restock and diversify providing support to Energy

crude oil prices for the next 18-24 months. In addition, refining inventories remains tight

due to global disruptions, providing support to cracks. We also remain constructive Table of Contents

global natural gas prices as inventories remain very low into winter. See takeaways from

our Energy and Power Credit Conference for additional details Energy Credit Overview: Sector Performance 2

2026 Energy and Power Credit Conference Takeaways 08 June 2026. When looking at HY Commodity Prices 3

Energy credit we do not expect to see weakness in spreads given strong balance sheets Relative Value & Comparable Company Information 4

and structurally stronger commodities and oilfield services markets. Midstream Overview 9

E&P Hedging Overview 10

High Yield Energy performed in line with market this week

HY Energy performed in line with the market this week, returning 0.0%. Midstream, E&P,

oilfield services, and refining returned 0.0%, 0.0%, 0.0%, and 0.0%, respectively. On the Gregg Brody Research Analyst

quality spectrum, C, single B and BB rated energy returned -0.1%, 0.0% and 0.0%, BofAS

respectively, whereas C, single B and BB rated high yield returned -0.1%, 0.0% and - +1gregg.brody@bofa.com646 855 6410

0.1%, respectively. The S&P 500 returned -2.5% this week. Midstream, E&P, oilfield Alexander Williams