Viper owns mineral and royalty interests, primarily in the Permian Basin. Royalty owners collect a percentage of production revenue from every barrel of oil, cubic foot of natural gas, and barrel of natural gas liquids produced on their acreage without bearing drilling costs or capital expenditures.
The International Energy Agency (IEA) says it is the 'largest supply disruption in history'. With the disruption expected to have a lasting impact on prices, governments around the world have introduced measures to limit the impact on consumers and the economy.
U.S. President Donald Trump issued several pipeline permits on Wednesday, including one for the construction of a new pipeline, to facilitate the transportation of crude oil and petroleum products between the U.S. and Canada.
The so-called general license means U.S. sanctions will not apply for 30 days on deliveries of Russian oil that has been loaded on tankers as of Friday.
The country is at risk of 'stagflation' - where slow economic growth is combined with rising inflation - as the energy crunch brought about by the war in the Middle East hits.
The key to getting the most miles out of each gallon is driving efficiently. That means smooth acceleration, soft braking and slowing down. Cars tend to be the most fuel efficient when driven at about 50 miles per hour.
Data centers accounted for around 50% of all electricity demand growth in the U.S. last year, according to the IEA, far surpassing the rise in electricity usage in the residential, industrial, and transport sectors.
The Strait of Hormuz - a narrow waterway through which roughly a fifth of the world's oil supply passes - has effectively closed to tanker traffic amid the escalating U.S.-Israeli strikes on Iran. Once again, the global economy is discovering the same uncomfortable truth: Modern energy security depends on supply chains that can break overnight.