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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

  • Oil Ends Week On Bullish Note As Outages Persist

    Published 17 September 2021 | viewed 5,757 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 2,463 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 5,773 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 6,835 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 8,279 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 73,471 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 5,736 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 1,706 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 13,215 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 1,431 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 2,725 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 1,815 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 3,532 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 2,200 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 1,568 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 2,228 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 9,778 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 29,514 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 1,927 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 13,633 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…

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