Michael Kern

Latest articles from Michael

• Japanese Refiners Anticipate An Extension Of OPEC+ Oil Cuts

  Published 21 November 2020 | viewed 4,914 times

  Weaker oil demand with the spike in coronavirus cases will likely prompt the OPEC+ alliance to roll over the current 7.7-million-bpd production cuts into 2021,…

• China Looks To Buy Stake In A Major Iraqi Oilfield

  Published 20 November 2020 | viewed 4,173 times

  State giants China National Petroleum Corporation (CNPC) and China National Offshore Oil Corporation (CNOOC) are interested in buying ExxonMobil’s entire operating stake in one of…

• Elon Musk’s $250 Tesla Tequila Is Already Sold Out

  Published 06 November 2020 | viewed 7,854 times

  Tesla introduced on Thursday Tesla Tequila, the latest merchandise Elon Musk has offered to his aficionados, and the US$250 a bottle tequila quickly sold out.…

• Canada’s Oil Crisis Continues As Majors Report More Losses

  Published 29 October 2020 | viewed 4,411 times

  Canada’s largest oil companies continue to post quarterly losses this year as low crude oil prices and low refining margins hit earnings.   On Wednesday…

• Venezuela Sees Oil Revenue Fall By 99% As U.S. Sanctions Sting

  Published 30 September 2020 | viewed 4,975 times

  Venezuela’s foreign currency revenues—almost all of which come from crude oil sales—have plunged by 99 percent since 2014, Nicolas Maduro said, blaming most of the…

• UAE Bets Big On Space Tech To Diversify From Oil

  Published 29 September 2020 | viewed 4,176 times

  OPEC’s third-largest oil producer, the United Arab Emirates (UAE), is shooting for the moon—quite literally—as part of its space strategy to diversify its oil-dependent economy. …

• The $22 Billion Railway Bringing Hope To Canada’s Oil Province

  Published 28 September 2020 | viewed 6,729 times

  U.S. President Donald Trump is set to approve a $22-billion freight railway project that will run between Alberta and Alaska to transport a variety of…

• Is Iraq Turning Its Back On The OPEC Deal?

  Published 25 September 2020 | viewed 4,880 times

  Iraq appears to be offering higher than the usual amount of spot cargoes on the market for October, oil trade sources in Asia and Europe…

• Iran Opens Navy Base At World’s Most Crucial Oil Chokepoint

  Published 24 September 2020 | viewed 10,210 times

  The Islamic Revolution Guards Corps (IRGC) of Iran opened this week a new naval base in a coastal town along the world’s most important oil…

• Mexico May Delay Energy Reform

  Published 23 September 2020 | viewed 1,993 times

  Mexico could delay its planned energy sector reform until next year after President Andres Manuel Lopez Obrador asked regulators this week to help prop up…

• Norway’s Oil Fund Is Buying Bitcoin

  Published 21 September 2020 | viewed 6,492 times

  Norway’s sovereign wealth fund holds close to 600 Bitcoin through a 1.51-percent stake in MicroStrategy—a business intelligence firm that recently made headlines with its Bitcoin…

• Saxo Bank: Oil Unlikely To Return Above $50 By Year-End

  Published 16 September 2020 | viewed 3,380 times

  The faltering oil demand recovery and the lack of a COVID-19 vaccine will likely push the oil price recovery to $50 a barrel into 2021,…

• Google Sets Aggressive Carbon Reduction Target For 2030

  Published 15 September 2020 | viewed 1,871 times

  Big Tech is in the race of a lifetime, and now it’s not just about data. This time around, they’re facing off to see which…

• Venezuela Charges U.S. Citizen With Spying

  Published 15 September 2020 | viewed 2,156 times

  Venezuela has charged a U.S. citizen arrested recently on allegations of spying with plotting terrorist attacks on oil refineries and the country’s electricity supply to…

• Will Trump Bail Out Struggling Refiners?

  Published 13 September 2020 | viewed 5,291 times

  The Trump Administration’s biofuel boogie continues with a new plan to help ease the economic pains of refiners which have been denied waivers through a…

• Russia's Gazprom Boosts Natural Gas Supplies To China

  Published 09 September 2020 | viewed 3,700 times

  Russia's natural gas monopoly Gazprom has increased its natural gas supply to China via the new pipeline Power of Siberia in July and August, compared…

• Japan Tried To Broker Oil Barter Deal Between Iran, U.S.

  Published 08 September 2020 | viewed 4,226 times

  The Japanese government tried to melt the freeze between Washington and Tehran by proposing a swap deal involving Iranian oil and U.S. grain, Kyodo reports,…

• The Energy Jobs Gen Z Actually Want

  Published 07 September 2020 | viewed 2,991 times

  Fossil fuels are out. At least according to the younger generations. Neither millennials nor their up-and-coming counterparts, the zoomers, or Gen Z, are particularly interested…

• UK To Review North Sea Oil Licensing Policy

  Published 04 September 2020 | viewed 4,225 times

  The UK will review its current licensing policy for oil and gas exploration in the North Sea to have it aligned to the country’s ambition…

• U.S. Fuel Economy Standards Led To Big Savings, Lower Emissions

  Published 03 September 2020 | viewed 2,385 times

  The U.S. fuel economy standards, one of the longest-running energy regulations in the United States, have led to big savings for consumers and helped cut…