Michael Kern

Mexico City, New York

Writer at Freelance

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Articles

Oil Prices Rally on Trade Talk Breakthrough

3 days ago | oilprice.com | Michael Kern
Trade Optimism Pushes Oil Prices Higher

5 days ago | oilprice.com | Michael Kern

Crude oil prices climbed this week on hopes that the U.S. and China might come to a trade agreement after a deal was announced with the UK. Friday, May 9th, 2025 ICE Brent futures have recovered to $64 per barrel as oil markets keep their hopes high for the upcoming first round of US-China trade talks this weekend. Should US Treasury Secretary Scott Bessent reach some sort of breakthrough with his Chinese counterpart He Lifeng, May could recoup most of April’s losses.
Oil Prices Bounce Back From OPEC+ Bombshell

1 week ago | oilprice.com | Michael Kern

Oil prices rallied aggressively on Tuesday morning, recovering from the OPEC+-induced drop that was sparked by the cartel's decision to unwind production cuts at a faster rate than previously planned. Despite the recovery, uncertainty remains in markets and more volatility is likely.
Europe’s Natural Gas Prices Rise as China Hints at U.S. Trade Talks

1 week ago | oilprice.com | Michael Kern

European benchmark natural gas prices rose on Friday amid signals from China that it considers engaging in trade talks with the United States. A de-escalation of the tensions drove markets higher at the end of the week as traders and analysts weigh the possibility of less disruptive trade and lower impact on the economy.
Patriot Battery Metals Advances Lithium Project Permitting

1 week ago | oilprice.com | Michael Kern

Patriot Battery Metals Inc. announced steady progress in permitting its Shaakichiuwaanaan Lithium Project in Quebec’s Eeyou Istchee James Bay region, a key step toward developing one of North America’s largest lithium pegmatite resources. The company submitted its Initial Project Description to the Impact Assessment Agency of Canada (IAAC) in February 2025, formally launching the federal permitting process, which runs parallel to the provincial process started in 2023.
Permian Basin Growth Fuels ExxonMobil’s Quarterly Success

1 week ago | oilprice.com | Michael Kern

First-quarter earnings at ExxonMobil (NYSE: XOM) topped analyst estimates as higher production in the Permian and offshore Guyana offset part of the lower realizations due to falling oil prices. Despite the lower earnings compared to a year ago, Exxon expressed confidence that the structural and cost-saving measures of the past few years have prepared it to weather the uncertain market environment.
EOG Resources Reports Strong First Quarter Financials

1 week ago | oilprice.com | Michael Kern

EOG Resources, Inc., a leading U.S. oil and gas producer, reported a robust first-quarter 2025 performance on Friday, with adjusted net income rising to $1.6 billion, or $2.87 per share, from $1.626 billion, or $2.82 per share, a year ago. The results, driven by higher commodity prices and operational efficiencies, underscore EOG’s resilience in a volatile energy market.
Equinor Sells Brazil Oil Field Stake to PRIO

1 week ago | oilprice.com | Michael Kern

Equinor Brasil Energia Ltda., a subsidiary of Equinor ASA (EQNR.OL), announced on Thursday the sale of its 60% operated interest in Brazil’s Peregrino oil field to Prio Tigris Ltda., a unit of PRIO SA (PRIO3.SA), for up to $3.5 billion. The deal marks a strategic shift for Equinor as it refocuses its Brazilian portfolio on newer projects amid a global push to optimize energy assets.
Oil Prices Drop as Supply Concerns Continue

2 weeks ago | oilprice.com | Michael Kern

Oil prices are once again under pressure as supply concerns continue unabated, with a scarcity of bullish catalysts to counteract them. - 142 executive orders and 100 days into the second presidential mandate of Donald Trump, commodity markets are reeling from disruptive policies launched by the U.S. President.
India Considers Allowing Foreign Investment in Nuclear Plants

2 weeks ago | oilprice.com | Michael Kern

As India looks to boost its nuclear power generation, the government is considering allowing foreign companies to own up to a 49% stake in Indian nuclear power plants, government sources told Reuters on Friday. Even if India passes amendments in its nuclear foreign investment laws to allow up to 49% foreign stakes, any foreign investment will likely still need prior government approval, according to Reuters’ sources.