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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

  • Canada’s Oil Crisis Continues As Majors Report More Losses

    Published 29 October 2020 | viewed 4,341 times

    Canada’s largest oil companies continue to post quarterly losses this year as low crude oil prices and low refining margins hit earnings.   On Wednesday…

  • Venezuela Sees Oil Revenue Fall By 99% As U.S. Sanctions Sting

    Published 30 September 2020 | viewed 4,786 times

    Venezuela’s foreign currency revenues—almost all of which come from crude oil sales—have plunged by 99 percent since 2014, Nicolas Maduro said, blaming most of the…

  • UAE Bets Big On Space Tech To Diversify From Oil

    Published 29 September 2020 | viewed 4,108 times

    OPEC’s third-largest oil producer, the United Arab Emirates (UAE), is shooting for the moon—quite literally—as part of its space strategy to diversify its oil-dependent economy. …

  • The $22 Billion Railway Bringing Hope To Canada’s Oil Province

    Published 28 September 2020 | viewed 6,668 times

    U.S. President Donald Trump is set to approve a $22-billion freight railway project that will run between Alberta and Alaska to transport a variety of…

  • Is Iraq Turning Its Back On The OPEC Deal?

    Published 25 September 2020 | viewed 4,853 times

    Iraq appears to be offering higher than the usual amount of spot cargoes on the market for October, oil trade sources in Asia and Europe…

  • Iran Opens Navy Base At World’s Most Crucial Oil Chokepoint

    Published 24 September 2020 | viewed 10,073 times

    The Islamic Revolution Guards Corps (IRGC) of Iran opened this week a new naval base in a coastal town along the world’s most important oil…

  • Mexico May Delay Energy Reform

    Published 23 September 2020 | viewed 1,938 times

    Mexico could delay its planned energy sector reform until next year after President Andres Manuel Lopez Obrador asked regulators this week to help prop up…

  • Norway’s Oil Fund Is Buying Bitcoin

    Published 21 September 2020 | viewed 6,403 times

    Norway’s sovereign wealth fund holds close to 600 Bitcoin through a 1.51-percent stake in MicroStrategy—a business intelligence firm that recently made headlines with its Bitcoin…

  • Saxo Bank: Oil Unlikely To Return Above $50 By Year-End

    Published 16 September 2020 | viewed 3,324 times

    The faltering oil demand recovery and the lack of a COVID-19 vaccine will likely push the oil price recovery to $50 a barrel into 2021,…

  • Google Sets Aggressive Carbon Reduction Target For 2030

    Published 15 September 2020 | viewed 1,822 times

    Big Tech is in the race of a lifetime, and now it’s not just about data. This time around, they’re facing off to see which…

  • Venezuela Charges U.S. Citizen With Spying

    Published 15 September 2020 | viewed 2,116 times

    Venezuela has charged a U.S. citizen arrested recently on allegations of spying with plotting terrorist attacks on oil refineries and the country’s electricity supply to…

  • Will Trump Bail Out Struggling Refiners?

    Published 13 September 2020 | viewed 5,233 times

    The Trump Administration’s biofuel boogie continues with a new plan to help ease the economic pains of refiners which have been denied waivers through a…

  • Russia's Gazprom Boosts Natural Gas Supplies To China

    Published 09 September 2020 | viewed 3,610 times

    Russia's natural gas monopoly Gazprom has increased its natural gas supply to China via the new pipeline Power of Siberia in July and August, compared…

  • Japan Tried To Broker Oil Barter Deal Between Iran, U.S.

    Published 08 September 2020 | viewed 4,150 times

    The Japanese government tried to melt the freeze between Washington and Tehran by proposing a swap deal involving Iranian oil and U.S. grain, Kyodo reports,…

  • The Energy Jobs Gen Z Actually Want

    Published 07 September 2020 | viewed 2,926 times

    Fossil fuels are out. At least according to the younger generations. Neither millennials nor their up-and-coming counterparts, the zoomers, or Gen Z, are particularly interested…

  • UK To Review North Sea Oil Licensing Policy

    Published 04 September 2020 | viewed 4,160 times

    The UK will review its current licensing policy for oil and gas exploration in the North Sea to have it aligned to the country’s ambition…

  • U.S. Fuel Economy Standards Led To Big Savings, Lower Emissions

    Published 03 September 2020 | viewed 2,331 times

    The U.S. fuel economy standards, one of the longest-running energy regulations in the United States, have led to big savings for consumers and helped cut…

  • Tech Giants Are Sucking The Energy Out Of Ireland

    Published 03 September 2020 | viewed 4,180 times

    As a country with one of the lowest corporate tax rates in the world, Ireland has always been a hub for Big Tech. In fact,…

  • North Korea Could Store Up To 1-Year Of Crude Oil Supplies

    Published 01 September 2020 | viewed 4,410 times

    North Korea could have oil storage capacity of up to 1.5 million tons or almost 11 million barrels—an amount that could last it a full…

  • Apple Is Fueling A Renewable Boom In Taiwan

    Published 31 August 2020 | viewed 3,644 times

    Apple is seemingly everywhere these days. From its headline-grabbing stock split to its industry-leading carbon-neutral push, the tech giant is truly showing that it is…

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