Michael Kern

Mexico City, New York

Writer at Freelance

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Articles

StellarJet Unveils Hydrogen Aviation Breakthrough

3 days ago | oilprice.com | Michael Kern

StellarJet, a Texas-based innovator in hydrogen-powered aviation, unveiled two transformative technologies on Tuesday: a solid-state hydrogen storage unit and a next-generation Electric Ducted Fan (EDF). These advancements, announced ahead of the Paris Air Show 2025, position StellarJet to lead the zero-emission aviation race amid growing global demand for sustainable air travel.
MOL and SOCAR Sign Onshore Energy Agreement in Azerbaijan

4 days ago | oilprice.com | Michael Kern

Hungary’s MOL Group and Azerbaijan’s state-owned SOCAR signed key terms for an exploration, development, and production sharing agreement (PSA) for the Shamakhi-Gobustan onshore region, the companies announced on Tuesday during the Baku Energy Forum. The deal strengthens their strategic partnership and bolsters Azerbaijan’s hydrocarbon sector amid growing global demand for energy security.
Mon Power and Potomac Edison Launch Third Solar Site in West Virginia

4 days ago | oilprice.com | Michael Kern

Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE: FE), have launched their third utility-scale solar site in West Virginia, the companies announced on Tuesday. The Marlowe site in Berkeley County, featuring over 17,000 U.S.-made solar panels, generates up to 5.75 megawatts of renewable power, enough to supply about 1,000 homes, as part of a state-backed push to expand clean energy.
PureWest and Gunvor Forge Low-Carbon Natural Gas Partnership

4 days ago | oilprice.com | Michael Kern

PureWest Energy, LLC, a leading Rocky Mountain natural gas producer, and Gunvor USA LLC, part of global energy trading giant Gunvor Group, announced a partnership on Tuesday to supply verified low-carbon natural gas, supporting decarbonization goals amid rising demand for sustainable energy solutions. The collaboration aims to deliver scalable, low-carbon gas to industrial users, either standalone or blended with renewable natural gas (RNG), to reduce Scope 3 emissions.
The Geopolitical Risk Premium Is Here to Stay

4 days ago | oilprice.com | Michael Kern

While oil prices spiked due to a combination of OPEC+ underwhelming markets and wildfires in Canada, a rising geopolitical risk premium is lifting both Brent and WTI and is set to stick around for a while to come. - US-China trade war and OPEC+’s flooding of oil markets with additional supply have lifted refinery margins across the world, with gasoline, jet fuel, and diesel cracks all staying in double digits since the beginning of May.
SolarBank Integrates Bitcoin into Strategic Treasury

4 days ago | oilprice.com | Michael Kern

SolarBank Corporation (NASDAQ:SUUN), a North American leader in solar energy and battery storage, announced on Tuesday a new treasury strategy to integrate Bitcoin as a strategic reserve asset, aiming to diversify its financial holdings and tap into the growing cryptocurrency market. The move, inspired by MicroStrategy’s multibillion-dollar Bitcoin strategy, positions SolarBank as a first-mover blending clean energy with decentralized finance (DeFi).
Oil Markets Focus on OPEC+ as Geopolitical Catalysts Cool

1 week ago | oilprice.com | Michael Kern

Oil markets will be fully focused on OPEC+ this week after talks between Russia and Ukraine appeared to break down, the U.S. negotiations with Iran stalled, and Trump delayed his trade war with the EU until July. - As the US hurricane season officially starts June 1, oil markets have been placing their bets on potential supply disruptions as the NOAA predicts the 2025 Atlantic hurricane season to be above normal.
Europe’s Natural Gas Prices Rise on Supply Outage in Norway

1 week ago | oilprice.com | Michael Kern

European natural gas prices increased after an unplanned cut to capacity at Norway’s Troll gas field, a major supplier to Europe. The supply disruptions occur as Europe aims to refill gas storage before the winter season, amid ongoing maintenance at other Norwegian gas fields. Europe may need to rely more on LNG shipments to meet natural gas demand due to the reduced pipeline supply from Norway.
Trump's EU Tariff Threat Puts Oil Prices Under Pressure

2 weeks ago | oilprice.com | Michael Kern

Trump's threat to place a 50% tariff on the EU has renewed demand concerns in oil markets, with both Brent and WTI set to finish the week lower. Friday, May 23rd, 2025 What seemed to be a much-needed rangebound trading week with ICE Brent hovering around $64-65 per barrel without any distinct trend developing was changed by President Trump’s 50% tariff threat on Europe, triggering a new wave of macroeconomic concerns.
Oil Prices Remain Rangebound as Geopolitical Catalysts Loom

2 weeks ago | oilprice.com | Michael Kern

While oil markets have calmed somewhat at the start of this week after a period of intense volatility, developments in either Ukraine or Iran might soon spark another significant move. Rome will host the fifth round of US-Iran talks this upcoming weekend, whilst the Trump administration is ratcheting up sanctions pressure on Iranian shipping companies and Chinese buyers of Iranian oil, having OFAC-listed two Chinese refiners last month.