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Michael Kern

Oilprice.com

Contributor since: 22 Aug 2018

Michael Kern

Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com

Latest articles from Michael

  • Cushing Crude Inventories Are Rising As Oil Prices Fall

    Published 30 November 2021 | viewed 10,470 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 14,408 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 12,547 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 4,016 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 15,995 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 5,374 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 27,607 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 21,267 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 44,223 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 10,206 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 5,236 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 11,153 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 14,629 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 7,052 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 2,544 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 5,859 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 7,004 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 8,470 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 73,620 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 5,849 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…

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