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The geopolitical landscape of the Western Hemisphere shifted violently Saturday morning. In a nighttime operation that mirrors the 1989 capture of Manuel Noriega, U.S. special operations forces—reportedly including the Army’s Delta Force—struck Caracas and seized Venezuelan President Nicolás Maduro and his wife, Cilia Flores. President Donald Trump confirmed the capture on social media, describing it as a "large-scale strike" conducted alongside law enforcement. Maduro is currently being flown to the United States…
Nuclear power is currently having its "Silicon Valley" moment. After decades of being treated as a dinosaur technology—too slow, too expensive, and too politically toxic—the industry has pivoted toward something it calls the Small Modular Reactor (SMR). The goal is to stop building energy cathedrals and start building energy appliances. The market fundamentals are finally in place for a new era. Global electricity demand is rising at twice the rate of total energy demand, pushed over the edge by the relentless growth of AI data centers…
South Korea’s move to kill coal will almost certainly have repercussions on two of its largest energy customers, Australia and the United States. A decision on the polluting fossil fuel was made at the COP30 climate conference in Brazil, when South Korea’s Ministry of Climate, Energy and Environment announced plans to retire most of the country’s coal-fired power plants by 2040, and to at least halve its carbon emissions by 2035. Forty of the plants already have confirmed closure dates. South Korea has been criticized for not…
Several trends emerged in the energy markets in 2025 and are set to continue shaping the global oil, gas, and energy equities markets into 2026. Sure, there will be many wild cards in 2026, especially concerning geopolitics and tensions flaring up from the Caribbean to Yemen. These, while impossible to predict, will also impact global energy markets and investor sentiment. Of those trends that can be predicted, supply-demand balances in the oil and gas markets, and the challenges and opportunities facing Big Oil and other oil and gas firms,…
Saudi Aramco is poised to buy a 20% stake in a new refinery that India’s state-owned refiner Bharat Petroleum Corporation Limited (BPCL) plans to build with a total investment of about $11 billion, Indian news outlet Business Standard reports. BPCL plans to have the refinery built at the Ramayapatnam port in the state of Andhra Pradesh on the east coast of southern India. The refinery is planned to have a processing capacity of between 180,000 and 240,000 barrels per day (bpd). The Indian company, which is the country’s…
