Michael Kern

Latest articles from Michael

• Oil And Gas Industry To Spend $15 Billion On A Tech Transformation

  Published 15 December 2021 | viewed 3,930 times

  The oil and gas industry is set to spend $15.6 billion on digital transformation by the end of this decade to enhance cybersecurity, maintain safe…

• Meme-Coins Are Exploding As Bitcoin Stumbles

  Published 10 December 2021 | viewed 3,410 times

  Seasoned cryptocurrency traders are, perhaps, no stranger to the excessive volatility that comes with the territory. But events in cryptoland sometimes seem to push their…

• OPEC+ Confidence And Caveats Calm A Crazed Oil Market

  Published 03 December 2021 | viewed 10,849 times

  OPEC+ managed to stabilize oil prices after what had been an incredibly volatile week, with the cartel adding plenty of caveats to its decision to…

• The Oil Industry Is Facing A Labor Shortage

  Published 30 November 2021 | viewed 11,906 times

  The oil and gas industry worldwide faces a talent gap as workers contemplate moving to renewables or leaving the energy industry altogether, a survey by…

• Cushing Crude Inventories Are Rising As Oil Prices Fall

  Published 30 November 2021 | viewed 10,467 times

  Crude stocks at Cushing have been rising in recent weeks, with another build expected for the last week, amid the sell-off in WTI Crude on…

• Saudi Aramco: Oil Markets Overreacted To Omicron Fears

  Published 29 November 2021 | viewed 14,405 times

  The oil market’s knee-jerk reaction to the new Omicron COVID variant on Friday was overblown, according to the CEO of the world’s largest oil company…

• 3 Chip Stocks To Watch As The Semiconductor Shortage Worsens

  Published 28 November 2021 | viewed 12,532 times

  A global shortage in semiconductor chips has been wreaking havoc on the tech sector, automotive industry, consumer electronics industry, and everything in between thanks to…

• Green Fintech Is A New Trend Investors Can’t Ignore

  Published 27 November 2021 | viewed 4,003 times

  Back in 2019, Goldman Sachs made waves after becoming the first mainstream Wall Street bank to renounce fossil fuel investments. GS said it would cease…

• Biden's Bluff And Covid Cases Drag Oil Prices Down

  Published 19 November 2021 | viewed 15,982 times

  Oil prices have continued to fall this week as rumors of President Biden tapping into U.S. oil reserves combined with a resurgence in covid cases…

• Hackers Are Threatening The Global Supply Chain

  Published 14 November 2021 | viewed 5,361 times

  As the global supply chain struggles from the aftershocks of the pandemic, spreading the suffering to nearly every industry, cyber criminals vultures are descending on…

• Oil Prices Under Pressure As Bearish Factors Mount

  Published 12 November 2021 | viewed 27,595 times

  A plethora of bearish factors is driving oil prices lower, with both WTI and Brent set for a third weekly loss in a row. Friday,…

• U.S. Shale Is Finally Ready To Open The Taps

  Published 05 November 2021 | viewed 21,258 times

  Oil prices are on course to post a weekly loss despite OPEC+ refusing to increase production. A combination of U.S. producers preparing to ramp up…

• The End Of A Remarkable Rally In Energy Prices

  Published 29 October 2021 | viewed 44,216 times

  Oil prices are on course to post their first weekly loss in two months, with both coal and natural gas prices falling as well. Whether…

• Is $85 The New Normal For Oil Markets?

  Published 22 October 2021 | viewed 10,197 times

  Oil has now comfortably settled above $80, with Saudi Arabia refusing to alter its strategy and U.S. shale companies maintaining their spending discipline.For a deeper…

• Oil Markets Unfazed By Falling Imports From China

  Published 15 October 2021 | viewed 5,228 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 11,142 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 14,610 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 6,992 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 2,541 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 5,852 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…