Nick Cunningham

Latest articles from Nick

• Leaked Memo Reveals Trump’s Energy Priorities

  Published 13 December 2016 | viewed 42,921 times

  The major news out of Trumpland this week was his selection of ExxonMobil CEO Rex Tillerson to lead the State Department. Tillerson has sparked a…

• Erasing The Glut: Is 1.8 Million Bpd Enough?

  Published 12 December 2016 | viewed 18,496 times

  Oil jumped by more than 4 percent on Monday, with WTI moving up to $53 per barrel and Brent topping $56 per barrel. It is…

• Not So Prolific: U.S. Shale Faces A Reality Check

  Published 12 December 2016 | viewed 38,030 times

  The collapse of oil prices has forced the U.S. shale industry to slash production costs. In order to improve the “breakeven” costs for the average…

• Oil Markets Not Convinced OPEC Deal Can Kill The Glut

  Published 08 December 2016 | viewed 21,062 times

  There are serious questions swirling around OPEC’s production cut deal, ranging from the size of the cuts needed given that production from the cartel rose…

• U.S. Shale Set To Kill Oil Price Rally

  Published 07 December 2016 | viewed 84,145 times

  The resurgence of U.S. shale will undermine the OPEC-fueled price rally, capping oil prices at roughly $50 per barrel through 2017. That is the conclusion…

• OPEC Cheating Will Cap Oil At $52

  Published 06 December 2016 | viewed 43,003 times

  OPEC succeeded in pulling off what many thought was impossible, overcoming mutual disdain and mistrust to reach a deal on reducing its oil output. Oil…

• Natural Gas Prices At Highest Level In Two Years

  Published 04 December 2016 | viewed 16,644 times

  Amid all the headlines about Donald Trump and OPEC, very few news outlets noticed the remarkable increase in natural gas prices in November. Gas futures…

• OPEC Deal Could Trigger Drilling Boom In U.S. Shale

  Published 01 December 2016 | viewed 54,360 times

  If anyone is cheering the news of an OPEC deal it is U.S. shale producers. The OPEC agreement sent oil prices shooting up this week,…

• The OPEC Deal: Here Are The Details

  Published 30 November 2016 | viewed 110,825 times

  Oil prices surged more than 8 percent on Wednesday as OPEC shocked the world and reached an agreement to cut production. If OPEC members succeed…

• Oil Prices To Sink Or Skyrocket – What Can We Expect

  Published 29 November 2016 | viewed 45,389 times

  We are hours away from the highly anticipated OPEC meeting and oil analysts are coalescing around two possible scenarios that leave very little middle ground:…

• Saudi Arabia Is Willing To Sink The OPEC Deal

  Published 28 November 2016 | viewed 36,721 times

  After two months of trying to convince its OPEC peers to get on board with a production cut, it could end up being Saudi Arabia…

• Can An OPEC Deal Save Venezuelan Oil From Total Collapse?

  Published 27 November 2016 | viewed 19,681 times

  At times it seems that Venezuela’s economic crisis cannot get any worse. Food shortages, electricity blackouts, and scarce medical supplies have created a humanitarian disaster…

• The Economy Needs Higher Oil Prices – Goldman Sachs

  Published 24 November 2016 | viewed 64,447 times

  OPEC is closing in on a deal to cut production, which will surely cause oil prices to rise. Oil is already almost back to $50…

• What Happens To Oil If Trump Tears Up Iran Nuclear Deal

  Published 23 November 2016 | viewed 95,378 times

  U.S. President-elect Donald Trump has vowed to rip up the Iranian nuclear agreement on Day 1, and reimpose sanctions on Iran. The move could potentially…

• Is OPEC Playing The Oil Markets Again?

  Published 22 November 2016 | viewed 33,339 times

  Oil prices moved back up closer to $50 per barrel on the sudden surge in optimism surrounding an OPEC deal. With the meeting just days…

• Obama Scraps Arctic Drilling Ahead Of Trump Presidency

  Published 21 November 2016 | viewed 15,210 times

  The Obama administration is rushing to get a flurry of priorities done before Donald Trump takes office. One of those items was a five-year lease…

• Electric Cars Provide Little Threat To Oil Demand

  Published 20 November 2016 | viewed 25,443 times

  Chevy is about to release its all-electric Bolt. Tesla will soon put its Model 3 on sale. More than a dozen additional EV models will…

• Why The Permian Just Got Even Hotter

  Published 17 November 2016 | viewed 29,717 times

  The U.S. Geological Survey just published an assessment of oil reserves for a section of the Permian Basin, revealing the largest estimate of continuous oil…

• Are The Saudis About To Reveal The Best Kept Secret In Oil?

  Published 16 November 2016 | viewed 112,394 times

  One of the oil world’s longest and best kept secrets may finally be revealed. Saudi Arabia is preparing to unveil how much oil it holds,…

• Low Oil Prices May Force An OPEC Deal

  Published 15 November 2016 | viewed 20,398 times

  Oil prices plunged to three-month lows on Monday on market speculation that OPEC would not be able to follow through on its pledge to cut…