Michael Kern

Latest articles from Michael

• China’s Economic Growth Provides Fresh Hope For Oil Demand

  Published 24 October 2022 | viewed 5,005 times

  China reported economic growth of 3.9 percent for the third quarter of the year, which was higher than analysts expected and might inject some fresh…

• Supertanker Rates Soar As Chinese Refiners Ramp Up Imports

  Published 21 October 2022 | viewed 10,381 times

  The day rate for chartering a very large crude carrier (VLCC) topped $100,000 this week, with average time charter rates now at their highest in…

• Economic Fears Hold Oil Prices Steady Despite Bullish Catalysts

  Published 21 October 2022 | viewed 2,012 times

  Oil prices were flat on Friday morning as fears of an economic slowdown were countered by a decline in OPEC+ production and news that China…

• Solar And Wind Helped The EU To Save 11 Billion Euros On Gas Imports

  Published 19 October 2022 | viewed 1,155 times

  Record power generation from solar and wind helped the European Union save $10.75 billion (11 billion euros) on natural gas imports since the Russian invasion…

• Oilfield Services Giants Are Primed To Post Very Strong Earnings

  Published 18 October 2022 | viewed 6,860 times

  The biggest oilfield services providers are expected to report this week and analysts expect a strong set of results for the third quarter. In fact,…

• OPEC+ Insists Its Production Cut Was Not Political

  Published 17 October 2022 | viewed 4,885 times

  Multiple OPEC+ producers defended the group’s decision to reduce production in November in a wave of statements on Sunday and Monday, in what looked like…

• Uncertainty Builds As Oil Markets Digest Mixed Signals

  Published 14 October 2022 | viewed 4,247 times

  It's been a week of mixed signals for oil markets, with a huge crude inventory build being partially offset by a diesel draw, and supply…

• Russia Suggests A Price Cap On U.S. LNG

  Published 14 October 2022 | viewed 9,977 times

  The U.S. should set a price cap on U.S. LNG going to Europe, as American gas is being delivered to Europe at prices four times…

• France Sends Germany Natural Gas To Ease Its Energy Crisis

  Published 13 October 2022 | viewed 6,241 times

  On Thursday, France started sending natural gas directly to Germany in an attempt to alleviate the energy crisis in Europe’s biggest economy, which used to…

• Biden Is Re-Evaluating Relations With Saudi Arabia Following The OPEC+ Cut

  Published 11 October 2022 | viewed 5,005 times

  U.S. President Joe Biden is re-evaluating the United States’ relationship with OPEC’s de facto leader Saudi Arabia after the Kingdom led the OPEC+ group to…

• OPEC+ Oil Output Hits Highest Level Since April 2020 But Remains Below Target

  Published 11 October 2022 | viewed 10,666 times

  The OPEC+ group’s crude oil production rose in September to the highest level since the Saudi-Russia price war of April 2020, but producers in the…

• The World’s Longest Offshore Gas Pipeline Could Get The Green Light Next Year

  Published 10 October 2022 | viewed 50,508 times

  Nigeria, Morocco, and their partners expect to make a final investment decision next year on what would be the world’s longest offshore gas pipeline from…

• Shell CEO Calls For Higher Taxes To Protect Consumers

  Published 04 October 2022 | viewed 7,067 times

  The current energy crisis cannot be left to the roiled market to sort itself out and will need smart government intervention by taxing the wealthier…

• Houthis Warn Oil Firms To Leave Saudi Arabia And The UAE

  Published 03 October 2022 | viewed 17,197 times

  Yemen's Houthis have warned oil companies operating in Saudi Arabia and the United Arab Emirates (UAE) to pack up and leave as the warring sides…

• The EU Could Agree On A Russian Oil Price Cap Today

  Published 03 October 2022 | viewed 4,937 times

  The European Union could reach an agreement to back a price cap on Russian oil and more sanctions against Russia as soon as Monday, the…

• The Next Bullish Catalyst For Oil Markets

  Published 30 September 2022 | viewed 26,170 times

  Despite the devastation caused by Hurricane Ian, oil markets have been relatively unaffected by hurricane season this year. The next real catalyst for oil prices,…

• IEA: LNG Market To Be Even Tighter In 2023

  Published 29 September 2022 | viewed 4,162 times

  The global liquefied natural gas market could be even tighter next year compared to already tight LNG markets in 2022, Fatih Birol, Executive Director of…

• Half Of France’s Refinery Capacity Goes Offline As Worker Strike

  Published 27 September 2022 | viewed 3,417 times

  Strikes at several refineries across France have left half of its refineries offline or without sending out fuels, as refinery workers stepped up industrial actions…

• Germany Considers Price Caps As Energy Crisis Worsens

  Published 26 September 2022 | viewed 5,790 times

  Germany looks to cap the prices of electricity and natural gas to help households and businesses reel from the soaring energy prices, The Wall Street…

• Workers Evacuate Following Gas Pipeline Explosion In Mexico

  Published 21 September 2022 | viewed 3,942 times

  A gas pipeline run by Mexico's state-owned oil firm Pemex exploded in the Mexican state of Tabasco late on Tuesday, causing a fire and leading…