Nick Cunningham

Latest articles from Nick

• Second Covid Wave Could Send Oil Prices Into “Tailspin”

  Published 05 July 2020 | viewed 39,690 times

  Oil prices hit a four-month high on Thursday, pushed higher by supply restrictions and a global rebound in demand. However, the accelerating spread of the…

• Goldman Sachs: Prepare For A Global Consolidation Of Refineries

  Published 02 July 2020 | viewed 28,454 times

  A wave of new oil refineries coming online in the Middle East and China will knock others offline, ushering in a period of consolidation, according…

• Are Oil Bulls In For A Disappointing July?

  Published 01 July 2020 | viewed 33,948 times

  The oil market continues to tighten, but the surge of coronavirus cases in the U.S. could derail the rally in crude prices.  OPEC+ can claim…

• Big Oil’s Nightmare Is Coming True

  Published 30 June 2020 | viewed 110,570 times

  Royal Dutch Shell said that it could cut the value of its oil and gas assets by as much as $22 billion, as it takes…

• How The Fed Bailed Out U.S. Oil And Gas

  Published 29 June 2020 | viewed 34,407 times

  The Trump administration has taken dozens of actions during the Covid-19 pandemic to benefit the oil and gas industry, such as opening new lands for…

• Natural Gas Price Plunge Could Soon Lead To Shut-Ins

  Published 28 June 2020 | viewed 59,541 times

  Natural gas prices plunged to new lows this week, falling below $1.50/MMBtu, a catastrophically low price for U.S. gas drillers.  The factors afflicting the gas…

• COVID-19 Could Crush Argentina’s Shale Boom

  Published 25 June 2020 | viewed 13,295 times

  Holding some of the largest shale oil and gas reserves in the world, Argentina is often cited as the likely candidate for the next big…

• Higher Oil Prices Ease Shale Panic, But Challenges Remain For Texas

  Published 24 June 2020 | viewed 24,772 times

  It will take years before U.S. shale production approaches pre-pandemic levels, if it ever does, according to an array of experts. Bloomberg surveyed top oil…

• U.S. Shale Has Lost $300 Billion In 15 Years

  Published 23 June 2020 | viewed 35,246 times

  The U.S. shale industry peaked without ever making money.  Over the past decade and a half, the shale industry totaled $300 billion in net negative…

• What's Next For Oil Prices?

  Published 22 June 2020 | viewed 53,342 times

  Crude oil has rebounded to $40 per barrel and hoping to stay there. Some analysts have come out with more bullish forecasts for the near-term,…

• Taxpayers Are Footing The Bill For 100-Year Old Oil Wells

  Published 21 June 2020 | viewed 24,198 times

  Plugging old oil and gas wells may cost as much as ten times what the industry routinely estimates, according to a new report from Carbon…

• Goldman: Clean Energy Investment Has Hit A Critical Point

  Published 18 June 2020 | viewed 21,714 times

  Global investment in renewable energy is set to surpass oil and gas for the first time ever next year, according to a new report.  Trillions…

• When Will U.S. Shale Rebound To Pre-Pandemic Levels?

  Published 17 June 2020 | viewed 34,284 times

  The rebalancing of the oil market has been possible, in part, due to the sharp cutbacks in U.S. shale production. But what happens next for…

• Oil Markets May Not Fully Recover Until 2022

  Published 16 June 2020 | viewed 33,855 times

  Oil demand may not recover to pre-pandemic levels until 2022 at the earliest, according to a new report from the International Energy Agency (IEA). The…

• The ‘’Second Wave’’ Of COVID-19 Could Crush Oil Markets

  Published 15 June 2020 | viewed 52,348 times

  The oil price rally may have come to an end, with the long-feared “second wave” of coronavirus infections having now arrived, posing renewed threats to…

• U.S. Gas Drillers Face A Major Problem

  Published 09 June 2020 | viewed 26,906 times

  The natural gas industry is rapidly losing ground in the U.S. Northeast, beaten back by renewable energy, environmentalists, and stricter climate policy.  Massachusetts Governor Charlie…

• Trump Issues Emergency Executive Order On Pipelines

  Published 08 June 2020 | viewed 38,729 times

  On Thursday, President Trump signed an executive order that guts environmental protections for new mines and pipelines, using an “emergency” declaration. Citing the economic emergency…

• Will U.S. Shale Ever Return To Its Boom Days?

  Published 07 June 2020 | viewed 58,336 times

  U.S. shale drillers are bringing back shut in production three months after the onset of the current downturn. But steep decline rates will increasingly take…

• A Perfect Storm For Petrochemicals

  Published 04 June 2020 | viewed 23,256 times

  The oil majors have made huge bets on plastics and petrochemicals in recent years, but those investments look increasingly shaky following the COVID-19 pandemic and…

• Are Investors Ignoring The Largest Financial Risk Ever?

  Published 03 June 2020 | viewed 31,088 times

  Financial markets are vastly underestimating the financial risk from climate change, according to the International Monetary Fund.  Global temperatures have already increased by 1.1 degrees…