Michael Kern

Latest articles from Michael

• Auto Giants Slash Production As Chip Shortage Worsens

  Published 11 September 2021 | viewed 6,992 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 8,456 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 73,612 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 5,841 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 1,789 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 13,397 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 1,512 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 2,896 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 1,921 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 3,633 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 2,276 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 1,654 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 2,332 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 9,914 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.…

• IEA Tells OPEC To “Open The Taps”

  Published 11 June 2021 | viewed 29,682 times

  Oil prices climbed on Friday as the IEA boosted optimism about global oil demand recovery.Friday, June 11th, 2021Oil prices showed modest gains on Friday, after…

• Will Iraq’s $40 Billion Bet On Nuclear Power Solve Its Energy Crisis?

  Published 08 June 2021 | viewed 2,018 times

  Iraq is in the process of developing a US$40-billion plan to build nuclear reactors as OPEC’s second-largest producer looks to end continual power outages amid…

• What’s More Probable? $100 Oil Or $500,000 Bitcoin

  Published 25 May 2021 | viewed 13,873 times

  This is the age of wild predictions, for both commodities and cryptocurrencies, but with oil, at least here are some fundamentals to go by.  For…

• New Mexico Proposes Tougher Emission Rules For Oil & Gas

  Published 07 May 2021 | viewed 2,110 times

  Oil and gas companies in New Mexico may be in for a rude awakening, with a new law that would disallow any oil and gas…

• Oil Prices Pull Back After A Big Week

  Published 30 April 2021 | viewed 5,910 times

  It was a big week for oil markets as demand optimism sent oil prices beyond $65 and oil majors reported promising earnings, but prices pulled…

• Bullish Oil News Offset By New Lockdowns In India

  Published 23 April 2021 | viewed 5,794 times

  Oil demand is finally bouncing back but a new COVID spike in India could threaten the rebound.For more great energy content, make sure you subscribe…