Noble Midstream Partners have decided to postpone an initial public offering only a week after announcing the planned move.
The company had previously said it would be placing a public offering of between $19 and $21 with the units expected to trade on the London Stock Exchange.
However, the company has since postponed its decision as the oil price continues to decline.
Noble Midstream said it will continue to evaluate the timing of the proposal offering as market conditions develop.
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