Nick Cunningham

Latest articles from Nick

• The World’s Biggest Oil Deal Can’t Save Crude Prices

  Published 06 April 2020 | viewed 115,518 times

  G20 countries are set to send their oil minister for an emergency meeting on Friday, a sign that there is a chance that OPEC and…

• The Oil Giant Drowning In Debt

  Published 05 April 2020 | viewed 93,929 times

  ExxonMobil saw its credit rating downgraded by Moody’s on Thursday from Aaa to Aa1, with a Negative outlook. Two weeks ago, S&P cut Exxon’s credit…

• What Really Caused Oil To Rally By 25%?

  Published 02 April 2020 | viewed 181,496 times

  Oil prices spiked 25 percent on Thursday after President Trump tweeted that Saudi Arabia and Russia would cut production by 10 to 15 million barrels…

• Oil Price War: Is It Game Over For Trump?

  Published 01 April 2020 | viewed 133,233 times

  The U.S. government is trying to convince Russia and Saudi Arabia to end the price war, but the Trump administration has few tools at its…

• Oil Giants Turn On Each Other As Crude Prices Plummet

  Published 31 March 2020 | viewed 66,762 times

  Scott Sheffield of Pioneer Natural Resources blamed ExxonMobil for blocking help from the American government for the U.S. shale industry. Exxon’s refusal, Sheffield says, is…

• Could Oil Really Fall To $0?

  Published 30 March 2020 | viewed 111,037 times

  The outlook for U.S. shale continues to darken with WTI testing sub-$20 territory. The supply glut could grow worse as the contraction in demand continues…

• Natural Gas Prices Could Double Next Year

  Published 29 March 2020 | viewed 103,946 times

  Unprofitable drilling, a global recession and dwindling access to capital could lead to a decline in U.S. natural gas production this year and next. The…

• Is This The Beginning Of The End For Texas Oil?

  Published 26 March 2020 | viewed 118,099 times

  Widespread misery was evident in the Dallas Fed’s latest survey, which included responses from 161 energy firms and took place from March 11-19. The quarterly…

• Don’t Believe The Oil Bulls

  Published 25 March 2020 | viewed 83,735 times

  The world surplus could reach 20 million barrels per day (mb/d) in the next few weeks, threatening not only to top off storage tanks everywhere,…

• The Permian Boom Is Going Bust

  Published 25 March 2020 | viewed 34,726 times

  Oil companies are already beginning to pare back their activity in the Permian, with cutbacks coming not just from smaller drillers, but also the oil…

• Oil Majors Are Preparing For $10 Oil

  Published 23 March 2020 | viewed 254,885 times

  The wave of oil industry spending cuts continues, with the majors now announcing significant reductions to spending as oil remains stuck in the $20s.  Royal…

• Not Even Higher Oil Prices Can Save U.S. Shale

  Published 22 March 2020 | viewed 127,982 times

  The U.S. shale industry is burning through cash so fast that even the state of Texas is looking at government rationed production targets.  Texas Railroad…

• Saudi ‘Shock And Awe’ Is Crushing Shale Drillers

  Published 19 March 2020 | viewed 38,600 times

  WTI dropped into the low $20s on Wednesday, and the near-term outlook is grim. Oil lobbyists have pushed Congress for help, and a group of…

• April Could Be Worst Month Ever For Oil

  Published 18 March 2020 | viewed 114,918 times

  Oil producers are facing their worst crisis in history, but the market is not at a bottom yet, according to several analysts. The millions of…

• IEA Calls For Emergency Clean Energy Aid Package

  Published 17 March 2020 | viewed 17,161 times

  The coronavirus pandemic will almost certainly trigger a global economic recession, and the recession may have already started with major economies grinding to a standstill.…

• Oil Demand To Plunge By 10 Million Barrels Per Day

  Published 16 March 2020 | viewed 85,983 times

  As major economies go into lockdown, oil demand continues to fall off a cliff. On Monday, WTI fell into the $20s. “The additional quarantine measures…

• The Countries Hit Hardest By The Oil Price War

  Published 15 March 2020 | viewed 76,716 times

  The recent plunge in oil prices has put the financially ravaged U.S. shale industry in the spotlight over the past week, but the market downturn…

• The Great U.S. Shale Decline Has Already Begun

  Published 12 March 2020 | viewed 99,845 times

  U.S. shale companies are moving quickly to ax their budgets, hoping to staunch the bleeding as the oil market continues to melt down. It has…

• Will Trump Bail U.S. Shale Out?

  Published 11 March 2020 | viewed 46,148 times

  The White House is considering a rescue package for the U.S. shale industry, although the idea is getting pushback from so many sides that it…

• U.S. Shale Collapse Will Lead To Higher Oil Prices

  Published 10 March 2020 | viewed 205,212 times

  U.S. shale growth is about to decline, becoming an immediate victim of the Saudi-Russian price war. Saudi Aramco said that it would increase oil production…