Michael Kern

6 days ago | oilprice.com | Michael Kern

Oil prices are set to post a weekly gain for the first time in three weeks, although demand concerns continue to loom as the U.S.-China trade war escalates. Friday, April 18th, 2025 As the Western hemisphere wound down trading activity with the onset of the Easter holidays, crude oil markets have posted an impressive 7% week-on-week rise, with ICE Brent now back at $68 per barrel.

1 week ago | oilprice.com | Michael Kern

U.S. Energy Development Corporation (USEDC), a Fort Worth-based oil and gas exploration and production company, has acquired approximately 20,000 net acres in Reeves and Ward Counties, Texas, marking the largest single acquisition in its 45-year history. The deal expands USEDC’s Permian Basin holdings with proved producing assets and a multi-year drilling inventory.

1 week ago | oilprice.com | Michael Kern

As the oil markets digest the impact of Trump's tariffs, every major institution seems to be lowering its forecast for both demand and prices. - Pre-tariff frenzy has helped Chinese exports beat expectations in Q1 2025, with total exports rising 12.4% year-over-year in March, triple of analyst expectations and amounting to a hefty $313.9 billion.

1 week ago | oilprice.com | Michael Kern

Enertech Global, a manufacturer of geothermal heat pumps, has been selected by Dandelion Energy to supply equipment for a massive residential geothermal heating and cooling project, one of the largest in U.S. history. The initiative will install Enertech heat pumps in over 1,500 homes across 14 Lennar communities in Colorado over the next two years.

1 week ago | oilprice.com | Michael Kern

CleanSpark, Inc. (Nasdaq: CLSK), a U.S. Bitcoin mining company, announced Tuesday it has increased its credit facility with Coinbase Prime (Nasdaq: COIN) to $200 million and launched a Bitcoin treasury desk to manage its digital assets. The credit line, backed by Bitcoin, aims to fund CleanSpark’s operations without issuing new shares.