Michael Kern

Latest articles from Michael

• Oil Markets Unfazed By Falling Imports From China

  Published 15 October 2021 | viewed 4,010 times

  Oil prices continued to climb on Friday despite worrying import data from China, with traders choosing to focus on increasing oil demand elsewhere. Friday, October 15th,…

• Prepare For A Prolonged Period Of High Energy Prices

  Published 08 October 2021 | viewed 10,547 times

  WTI temporarily broke the $80 mark on Friday morning as the global energy crunch continues to drive prices higher.Friday, October 8th, 2021 The global energy crunch…

• Oil Markets On Edge As OPEC+ Meeting Approaches

  Published 01 October 2021 | viewed 13,855 times

  After charging to $80 per barrel on Tuesday, oil prices fell back on news of inventory builds and extra supply, and now markets are nervously…

• Oil Ends Week On Bullish Note As Outages Persist

  Published 17 September 2021 | viewed 3,572 times

  Hurricane Ida is now officially the most devastating hurricane ever in terms of oil production disruption, and experts expect the outages to last throughout the…

• Wells Fargo Back In The Scandal Spotlight Following $250 Million Fine

  Published 13 September 2021 | viewed 1,343 times

  So it seems that the unofficial rule of thumb is that if the U.S. financial regulators have a slow month, they just slap Wells Fargo…

• A New Storm Is Barreling Towards Texas Oil Terminals

  Published 13 September 2021 | viewed 5,617 times

  A storm developing in the southwestern Gulf of Mexico could become the next hurricane to wreak havoc on Gulf Coast oil facilities. Per a report…

• Auto Giants Slash Production As Chip Shortage Worsens

  Published 11 September 2021 | viewed 6,286 times

  Hopes and positive expectations for larger vehicle inventories and lower prices for this summer are now dimming as a prolonged semiconductor chip shortage has caused…

• Oil Stages Strong Recovery

  Published 27 August 2021 | viewed 7,730 times

  With fundamentals largely remaining the same as they were last week, oil prices nevertheless are poised to post sizable gains, with global benchmark Brent trading…

• The Oil Price Collapse Continues

  Published 20 August 2021 | viewed 72,752 times

  As uncertainty over new Covid outbreaks combined with a strengthening U.S. dollar, oil prices came under pressure this week and are on course to finish…

• U.S. Refiners Are Making A Comeback

  Published 19 August 2021 | viewed 5,419 times

  The pandemic very likely hit the downstream oil even more severely than exploration and production and led to longer suffering. But now, things are finally…

• Oil Pipeline Explosion Kills 3 In Iran

  Published 06 July 2021 | viewed 1,536 times

  Iranian media report that an explosion that started at a pump house in the country’s southwest tore through oil and gas pipelines, killing three people…

• Oil Markets Dip On OPEC+ Discord

  Published 02 July 2021 | viewed 12,868 times

  There was some unexpected 11th-hour drama in the OPEC+ meeting, with the members deciding to delay a decision due to disagreements between some nations.Friday, July…

• Uber Cashes In On DiDi’s IPO

  Published 01 July 2021 | viewed 1,278 times

  The ride-sharing race is heating up as Chinese major ride-sharing company Didi, also known as the “Uber of China” and an actual Uber partner, debuted…

• UK To End Coal Power A Year Earlier Than Planned

  Published 30 June 2021 | viewed 2,211 times

  The UK is bringing forward its target to end coal use in electricity generation by one year, to October 2024 as part of its aim…

• Nigeria Prepares To Reveal New Oil Bill 20 Years In The Making

  Published 29 June 2021 | viewed 1,641 times

  Nigeria’s Senate is expected to see on Tuesday the presentation of the country’s petroleum industry bill, a new regulation on the oil industry that has…

• U.S.-Controlled Oilfield In Syria Attacked By Rockets

  Published 29 June 2021 | viewed 3,315 times

  A key oilfield near a U.S. military base in Syria’s Deir Ezzor region came under rocket attack on Monday, hours after the U.S. military said…

• China Launches A Crude Oil Options Contract For Foreign Traders

  Published 21 June 2021 | viewed 2,058 times

  The Shanghai International Energy Exchange (INE) launched on Monday a crude oil options contract open to foreign traders as part of a plan to boost…

• LNG Emissions Are On The Rise In Africa

  Published 15 June 2021 | viewed 1,369 times

  The biggest oil and gas corporations must do more to reduce their emissions from assets in Africa, with moves to address gas flaring and to…

• Supreme Court Tosses Big Oil Appeal To Move Climate Lawsuit To Federal Court

  Published 14 June 2021 | viewed 1,986 times

  The U.S. Supreme Court has tossed the appeal of five international oil giants to have the lawsuits against them filed by San Francisco and Oakland…

• Used Car And Truck Prices Are Fueling A Dramatic Rise In Inflation

  Published 13 June 2021 | viewed 9,436 times

  Wall Street stocks and most financial markets have simply shrugged off news that inflation levels have accelerated to the fastest pace in more than decade.…