Nick Cunningham

Latest articles from Nick

• You’re Footing The Bill For Bankrupt Shale Drillers

  Published 25 September 2019 | viewed 40,025 times

  A wave of oil and gas wells abandoned by bankrupted drillers could cost the U.S. government hundreds of millions of dollars. A new report from…

• ‘’Too Much Too Fast’’ Gas Glut Crushes Shale Drillers

  Published 24 September 2019 | viewed 27,639 times

  Appalachian shale drillers are getting squeezed by low prices, and a supply glut may mean that there is little prospect of a pricing rebound anytime…

• Is Oil Poised For A Breakout?

  Published 23 September 2019 | viewed 31,368 times

  Oil prices are now only slightly higher than they were prior to the Abqaiq attack, but the outage injected a dose of upside risk to…

• Oil Markets Are One Outage Away From Crisis

  Published 22 September 2019 | viewed 52,842 times

  The supply disruptions in the oil market may not be over, despite volatility and prices easing in the days after the Abqaiq attack. The repairs…

• Why Oil Prices Didn’t Go Much Higher This Week

  Published 22 September 2019 | viewed 24,240 times

  “The global economy has become increasingly fragile and uncertain, with growth slowing and downside risks continuing to mount.” That warning came from the OECD on…

• ‘’Catastrophic Flooding’’ Threatens Heart Of Texas Oil Industry

  Published 19 September 2019 | viewed 61,152 times

  Flooding from a tropical storm hit the Houston area on Thursday, with some calling the situation worse than Hurricane Harvey. Heavy rainfall inundated the Texas…

• Trump Clashes With California Over Fuel Regulations

  Published 19 September 2019 | viewed 8,281 times

  The Trump administration is moving to strip California of its authority to set stricter pollution limits for cars and trucks, the most aggressive step yet…

• Oil Prices Drop As Markets Await Washington’s Response To Saudi Attack

  Published 18 September 2019 | viewed 30,965 times

  It was a wild ride, but oil prices fell again on Wednesday, pushing them back near levels seen earlier this month. Despite the largest supply…

• Saudi Oil Outage Impact Not As Bad As Predicted

  Published 17 September 2019 | viewed 21,191 times

  Oil prices have gyrated this week on conflicting reports and predictions regarding the restoration of operations at the damaged Abqaiq processing facility in Saudi Arabia.…

• Oil Prices Close 15% Higher On Record Trading Day

  Published 16 September 2019 | viewed 31,327 times

  Oil prices spiked on Monday, two days after the largest oil disruption in history took place. Saudi Arabia lost 5.7 million barrels per day (mb/d)…

• Shale Stocks Surge On Major Jump In Oil Prices

  Published 16 September 2019 | viewed 13,223 times

  U.S. shale drillers saw their share prices surge on Monday, lifted by the nearly 15 percent jump in crude oil prices following the attacks on…

• OPEC Faces ‘’Daunting’’ Task To Balance Oil Markets In 2020

  Published 15 September 2019 | viewed 19,750 times

  The oil market is tightening up in the short run, but a major surplus is looming for next year, making OPEC’s task of balancing the…

• U.S. And China Could Close ‘Mini Trade Deal’

  Published 15 September 2019 | viewed 26,758 times

  The U.S. and China are scrambling to ease tensions in an effort to head off another escalation in the trade war, a sign that both…

• Can Argentina's Shale Boom Survive?

  Published 12 September 2019 | viewed 11,476 times

  The economic and financial crisis in Argentina is creating a lot of new headwinds for the country’s aggressive push into the Vaca Muerta shale. A…

• Oil Demand Growth Weakest In Nearly A Decade

  Published 11 September 2019 | viewed 25,931 times

  Global oil demand continues to see downgrades from major energy forecasters, with several downward revisions in just the past week. The U.S. EIA said in…

• Trump’s Softer Line On Iran Could Tank Oil Prices

  Published 11 September 2019 | viewed 16,789 times

  Trump is mulling easing sanctions on Iran as a way to increase the odds of a face-to-face meeting with Iranian President Hassan Rouhani. Oil prices…

• Weakening Shale Productivity “VERY Bullish” For Oil Prices

  Published 10 September 2019 | viewed 46,423 times

  After years of improvements in drilling techniques and impressive “efficiency gains,” there is now evidence that the U.S. shale industry is reaching the end of…

• Trump Prepares ‘Apology Package’ For Disgruntled Farmers

  Published 10 September 2019 | viewed 23,497 times

  President Trump will soon unveil his plan for corn and ethanol producers, a kind of apology package after upending the market for ethanol in a…

• Oil Rises On Saudi Shakeup

  Published 09 September 2019 | viewed 17,212 times

  In a dramatic reshuffling, Saudi Arabia replaced its energy minister, putting in place the son of the king and ousting Khalid al-Falih. Prince Abdulaziz bin…

• Big Oil’s Very Risky $50 Billion Bet

  Published 06 September 2019 | viewed 9,864 times

  The oil majors have ploughed $50 billion into projects that are not aligned with the Paris Climate agreement, according to a new report. Or, put…