Elon Musk's space transportation company SpaceX is targeting a raise of $25 billion through an initial public offering (IPO) in the coming year, in a move that will give it a valuation of over $1 trillion, making SpaceX one of the world’s most valuable companies, thanks in large part to the rapid expansion of its Starlink satellite internet business as well as plans to launch a direct-to-mobile service. SpaceX is currently engaged with banks about the IPO expected to come in June or July 2026. According to Crunchbase, SpaceX is the world's…

Elon Musk's space transportation company SpaceX is targeting a raise of $25 billion through an initial public offering (IPO) in the coming year, in a move that will give it a valuation of over $1 trillion, making SpaceX one of the world’s most valuable companies, thanks in large part to the rapid expansion of its Starlink satellite internet business as well as plans to launch a direct-to-mobile service. SpaceX is currently engaged with banks about the IPO expected to come in June or July 2026. According to Crunchbase, SpaceX is the world's…

A new wave of consolidation is on the horizon for small- and medium-sized US shale producers, largely driven by an appetite for scale in a merger and acquisition (M&A) environment that is getting increasingly competitive. Scale and efficiency are key catalysts for exploration and production (E&P) players who are seeking favorable business valuations, with acquisitions emerging as a key calculation of shareholder value by rewarding operators who keep volumes high and costs low. To build scale and survive another consolidation wave, the smaller…

Chevron Corp. (NYSE:CVX) is currently engaged in talks with the Trump administration over its Venezuelan operations, with Chief Executive Officer Mike Wirth emphasizing that its continued presence there is beneficial to U.S. interests, while Washington’s military buildup in the Caribbean seeks to ramp up pressure on Venezuelan President Nicolás Maduro. Last week, Chevron flew its employees to its oil production sites in Venezuela, defying a warning by the U.S. Federal Aviation Administration regarding the dangers of air travel due…

Chevron Corp. (NYSE:CVX) is currently engaged in talks with the Trump administration over its Venezuelan operations, with Chief Executive Officer Mike Wirth emphasizing that its continued presence there is beneficial to U.S. interests, while Washington’s military buildup in the Caribbean seeks to ramp up pressure on Venezuelan President Nicolás Maduro. Last week, Chevron flew its employees to its oil production sites in Venezuela, defying a warning by the U.S. Federal Aviation Administration regarding the dangers of air travel due…

Chevron Corp. (NYSE:CVX) is currently engaged in talks with the Trump administration over its Venezuelan operations, with Chief Executive Officer Mike Wirth emphasizing that its continued presence there is beneficial to U.S. interests, while Washington’s military buildup in the Caribbean seeks to ramp up pressure on Venezuelan President Nicolás Maduro. Last week, Chevron flew its employees to its oil production sites in Venezuela, defying a warning by the U.S. Federal Aviation Administration regarding the dangers of air travel due…

Ukrainian President Volodymyr Zelenskyy says he is ready to hold elections in the war-torn country if the United States and other partners can provide the security necessary to ensure the vote can be held safely. The White House has been pushing for Ukraine to hold elections -- US President Donald Trump told Politico in an interview published on December 9 "it's time"-- even though Ukraine's constitution doesn't allow for elections during wartime. In a shift from previous statements, Zelenskyy said he would push parliament to draft legislation…

Germany’s networks regulator, Bundesnetzagentur, expects 1.4% higher revenues for electricity distribution network operators from 2029 onwards as the authority tweaks regulations to make grid investments more attractive.  Bundesnetzagentur oversees the revenues and earnings for the electricity and gas networks in Germany. “Investments in the German electricity grid will become more attractive” under the new rules, the regulator’s president Klaus Müller said on Wednesday as Bundesnetzagentur unveiled proposals for…

Germany’s networks regulator, Bundesnetzagentur, expects 1.4% higher revenues for electricity distribution network operators from 2029 onwards as the authority tweaks regulations to make grid investments more attractive.  Bundesnetzagentur oversees the revenues and earnings for the electricity and gas networks in Germany. “Investments in the German electricity grid will become more attractive” under the new rules, the regulator’s president Klaus Müller said on Wednesday as Bundesnetzagentur unveiled proposals for…

Germany’s networks regulator, Bundesnetzagentur, expects 1.4% higher revenues for electricity distribution network operators from 2029 onwards as the authority tweaks regulations to make grid investments more attractive.  Bundesnetzagentur oversees the revenues and earnings for the electricity and gas networks in Germany. “Investments in the German electricity grid will become more attractive” under the new rules, the regulator’s president Klaus Müller said on Wednesday as Bundesnetzagentur unveiled proposals for…

Crude oil inventories in the United States decreased by 1.8 million barrels during the week ending December 5, after adding a modest 600,000 barrels in the week prior, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 425.7 million barrels according to government data, which is 4% below the five-year average for this time of year. The EIA’s data release follows API’s figures that were released a day earlier, which suggested that crude oil inventories…

Senegal looks to nationalize an offshore natural gas project, currently operated by U.S.-based Kosmos Energy, to meet its domestic gas demand, Senegalese Energy Minister Birame Souleye Diop has said.  “It's a project we have operators for, and we want to nationalise it and give Petrosen, which has the expertise, the opportunity to develop this project to meet domestic gas needs... without ruling out the possibility of exporting,” Reuters quoted Diop as saying at a conference in Senegal.  Dallas-based Kosmos Energy became operator…

Echoing what has become a now daily refrain by commodity bears everywhere, Saad Rahim, chief economist of commodity-trading giant, Trafigura, said that the oil market faces a “super glut” next year as a burst of new supply collides with weakness in the global economy. According to Rahim, new drilling projects and slowing demand growth would weigh further on already depressed crude prices next year. “Whether it’s a glut, or a super glut, it’s hard to get away from that,” Rahim said in remarks alongside the company’s…

Solar and wind project approvals on federal lands have virtually stopped this year as the Trump Administration rolls back Biden-era clean energy laws and permitting regulations and shows openly hostile attitude toward green energy developments.  Since President Donald Trump was sworn in in January, only one project, a solar development, has been approved on federal lands, according to a Reuters review of permitting data. No wind or solar project has cleared approval for development on federal lands since July, when a new order stipulated that…

Ever since President Trump ordered the first strike on a boat offshore Venezuela, speculation about a direct intervention in the South American country with a view to regime change has been rife. Much of that has focused on oil, for obvious reasons. For those very same reasons, a U.S. regime change in Venezuela would have far-reaching implications. Venezuela has the largest proven reserves of crude oil in the world. Most of those reserves are heavy crude, for which U.S. Gulf Coast refineries are calibrated. This fact made life temporarily harder…

There is the economy you see on the screen. And then there is the economy that runs the screen. For the last few years, the screen has been winning. We have been living in a "Zero Marginal Cost" fantasy… We convinced ourselves that adding another million users to ChatGPT was free. That scaling a startup was just a matter of writing better code. That "The Cloud" was an infinite, weightless place where business happened by magic. But today, S&P Global Energy dropped a bucket of ice water on that fever dream. I’ve spent the morning…

The European Union (E.U.) of 27 member countries will “never go back to our dangerous dependence on Russia”, said Dan Jørgensen, European Commissioner (E.C.) for Energy last week. “We will never go back to volatile supplies and market manipulation, and we will never go back to energy blackmail and economic exposure,” he added. This followed the full agreement on 3 December of the E.U.’s ‘REPowerEU Roadmap’, which E.C. President Ursula von der Leyen highlighted as enabling the continent…

The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a large draw of 4.8 million barrels in the week ending December 5. Crude oil inventories shrank by 2.48 million barrels in the week prior. Crude oil inventories in the United States are so far showing a net increase of just 121,000 barrels for the year, according to Oilprice calculations of API data. Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) have risen by 200,000…

The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a large draw of 4.8 million barrels in the week ending December 5. Crude oil inventories shrank by 2.48 million barrels in the week prior. Crude oil inventories in the United States are so far showing a net increase of just 121,000 barrels for the year, according to Oilprice calculations of API data. Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) have risen by 200,000…

Chinese foreign investment in clean energy has jumped to $80 billion in the year to November 2025, with Trump’s aggressive trade tariffs prompting many countries to deepen energy ties with China. That’s good for a 60% annualized increase compared with a total of $100 billion spent over the previous two years with Beijing leveraging its dominance in energy transition technologies. China already was the global leader in sectors such as solar and wind energy as well as electric vehicles and EV batteries before the Trump administration…