The Organization of the Petroleum Exporting Countries, OPEC, announced Friday that it will not reduce production, even though oil prices are about 40% lower than they were a year ago. The oil industry has been in turmoil since the last OPEC meeting in November, where it announced it would abandon its practice of manipulating production in order to influence oil prices. Oil prices sank to a six-year low of $45 a barrel in January, though have rebounded since then.

With OPEC deciding to keep the market oversupplied by ignoring calls to cut production, crude oil is expected to “trade in the $60-$80 range over the next 1-2 years,” said Jay Hatfield, chief investment officer at Infrastructure Capital.

Low oil prices are not the only worry for energy companies and investors. An expected interest rate hike by the Federal Reserve is also weighing on the sector, said Hatfield, and “may experience volatility as a result of possible Fed actions later in the year.” Despite the uncertainty, Hatfield is still bullish on the sector. “We do not believe that it negatively impacts the long term attractiveness of the midstream MLP sector...it will continue to see restructuring activity in 2015.”

For investors who are most worried about the impact interest rates will have on their portfolios, Hatfield believes, “it’s actually an interesting alternative for investors to go into MLPs rather than REITs or utilities.” Hatfield sees buying opportunities in the sector. Williams Partners (WPZ) is a stock he recommends for investors who are interested in the ‘MLP’ sector.