John Kemp

Latest positions

• JKJohn KempImproving on Europe Expects Europe's gas storage to keep increasing for several more weeks until late October or early November, though late additions will likely be smaller. “Storage will continue to increase for several more weeks until late October or even early November” Open the post EUROPE's gas storage starts (tentatively) to imp… · 2 Oct
• JKJohn KempBullish on Gasoline A diesel export ban or strict quota would disrupt joint refining and push gasoline prices up. “U.S. gasoline production would likely be disrupted causing prices to rise if the government bans or severely restricts exports of diesel” Open the post U.S. diesel export controls would threaten domes… · 28 Sept
• JKJohn KempAgainst on U.S. Kemp argues the government is unlikely to enforce a total diesel export ban, or keep it long, because of the risk of gasoline shortages, preferring quotas or voluntary limits. “the government is unlikely to enforce a total ban or maintain it for very long” Open the post U.S. diesel export controls would threaten domes… · 28 Sept
• JKJohn KempStrongly bullish on diesel Kemp expects talk of a diesel export ban to push diesel prices higher and worsen shortages by encouraging hoarding and preemptive exporting. “Talking openly about a diesel export ban before or without imposing one is likely to make price rises and shortages even worse” Open the post Dysfunctional policymaking: Talking openly about… · 23 Sept
• JKJohn KempStrongly bearish on gas market Kemp expects U.S. gas prices to stay lower for longer as production outpaces LNG terminal completions and inventories build. “Record U.S. gas output forces prices lower for longer” Open the post Record U.S. gas output forces prices lower for l… · 2 Sept
• JKJohn KempStrongly bullish on associated gas Kemp says associated gas output from Permian oil wells keeps growing, boosting total U.S. gas production. “U.S. gas production continues to grow as output is boosted by the increasing amounts of associated gas coming from oil wells” Open the post Record U.S. gas output forces prices lower for l… · 2 Sept
• JKJohn KempSharply improving on Permian Basin Kemp sees Permian Basin associated gas volumes increasing, driving U.S. supply growth. “the increasing amounts of associated gas coming from oil wells in the Permian Basin underlying Texas and New Mexico” Open the post Record U.S. gas output forces prices lower for l… · 2 Sept
• JKJohn KempWorsening on Europe Kemp says Europe's gas supply will be tight this winter, a worsening supply outlook for the region. “Europe’s gas supply will be tight this winter despite El Niño” Open the post Europe’s gas supply will be tight this winter de… · 25 Aug
• JKJohn KempBullish on gas futures Kemp expects European benchmark gas futures to stay supported, with the window for cheap late-summer storage injections effectively closed. “the window for replenishing inventories with a surge of storage injections in late summer or early autumn at much lower prices has now effectively closed” Open the post Europe’s gas supply will be tight this winter de… · 25 Aug
• JKJohn KempStrongly bullish on refined fuels Kemp says investors are becoming increasingly bullish on the outlook for fuel prices. “Investors are becoming increasingly bullish about the outlook for fuel prices” Open the post Refined fuels become top focus for funds Invest… · 22 Aug