One of the keys to pricing is whether global conflicts curtail the flow of oil. They have not.

The Battalion Oil-Fury Resources merger had been in discussions for more than a year, but Battalion said Fury failed to meet financial deadlines to continue the talks.

U.S. production and prices may increase; global cooperation may decrease; but Trump’s previous tariffs had less of an impact on import prices than the COVID pandemic.
 

Energy Transfer entered a 20-year agreement to supply Chevron with 2 mtpa of LNG from its Lake Charles LNG export facility, which is awaiting a final investment decision.

In 2024, permanent magnet motors installations have ballooned to 11% of electric submersible pump installations, and that number is growing.