Nick Cunningham

Latest articles from Nick

• Exxon: An Oil Giant In Crisis

  Published 03 February 2020 | viewed 50,999 times

  Goldman Sachs downgraded ExxonMobil’s shares to Sell from Neutral, following another disappointing quarter. Exxon reported a drop in profits on Friday for the fourth quarter,…

• Jim Cramer: ‘’Fossil Fuels Are Done’’

  Published 01 February 2020 | viewed 65,934 times

  “I’m done with fossil fuels. They’re done. They’re just done.” CNBC’s Jim Cramer didn’t even feel the need to address the disappointing earnings from the…

• Shell’s Slide Is A Major Red Flag For Oil Markets

  Published 30 January 2020 | viewed 24,719 times

  Royal Dutch Shell reported a steep drop in earnings in the fourth quarter, and the financial squeeze may slow the pace of share buybacks and…

• Exxon Stock Hits Decade Low Ahead Of Earnings

  Published 29 January 2020 | viewed 19,647 times

  Ahead of ExxonMobil’s fourth quarter earnings report, the oil major’s share price dropped to its lowest level in 10 years. Former CEO Rex Tillerson presided…

• LNG Prices Fall To 10-Year Low

  Published 28 January 2020 | viewed 65,582 times

  The global gas glut continues to grow worse, with LNG prices recently dropping to a 10-year low. LNG prices in Asia recently fell below $4/MMBtu,…

• Coronavirus Sends Panic Through Oil Markets

  Published 27 January 2020 | viewed 30,149 times

  Oil continued to slide on Monday, with Brent dropping well below $60 per barrel, as panic around the coronavirus continues to mushroom. The number of…

• Demand Fears Are Driving Today’s Oil Markets

  Published 26 January 2020 | viewed 35,590 times

  Oil prices fell close to a three-month low on Friday, dragged down further by fears of weak demand. The proximate driver is the coronavirus in…

• U.S. Shale Patch Sees Huge Jump In Bankruptcies

  Published 23 January 2020 | viewed 37,785 times

  More than 200 oil and gas companies in North America have filed for bankruptcy since 2015, and the list of casualties could continue to climb…

• The Oil Industry’s Radioactive Secret

  Published 22 January 2020 | viewed 32,291 times

  “All oil-field workers are radiation workers.” That quote comes from a blockbuster investigation by Justin Nobel writing in Rolling Stone, who has spent more than…

• The “Twin Threats” Facing Big Oil

  Published 21 January 2020 | viewed 43,866 times

  The global oil and gas industry is facing the “twin threats” of the loss of profitability and the loss of social acceptability as the climate…

• Has Natural Gas Hit Rock Bottom?

  Published 20 January 2020 | viewed 58,486 times

  U.S. natural gas prices fell below $2/MMBtu on Friday for the first time in nearly four years. The gas market is suffering from oversupply, as…

• Is This The End For Big Oil Dividends?

  Published 19 January 2020 | viewed 45,949 times

  The largest publicly-traded oil companies in the world have been “living beyond their means” for years. Since 2010, the five largest oil majors have spent…

• Oil Glut Overshadows Geopolitical Risk In 2020

  Published 16 January 2020 | viewed 22,837 times

  The risk of oil supply disruptions from around the world has diminished, and rising non-OPEC production provides a “solid base from which to react to…

• Just How Serious Is The Shale Slowdown?

  Published 15 January 2020 | viewed 36,960 times

  U.S. shale growth may be slamming on the breaks, although analysts differ over how significant the slowdown will be. The EIA says that U.S. shale…

• U.S. Gas Giant Downgraded To Junk Status

  Published 14 January 2020 | viewed 58,188 times

  The largest natural gas driller in the United States just announced a massive write-down for its assets, offering more evidence that the shale sector faces…

• Are Oil Prices Still Too High?

  Published 13 January 2020 | viewed 30,682 times

  China’s oil demand growth is expected to slow dramatically this year, a trend that should have a substantial impact on the global oil market. CNPC…

• Canada Faces A New Oil Price ‘’Blowout’’

  Published 12 January 2020 | viewed 70,459 times

  Prices for heavy crude in Canada have fallen to $36.66 per barrel, once again coming under pressure because of limits on pipeline capacity. Western Canada…

• Low Gas Prices Crush Appalachia Shale Boom

  Published 09 January 2020 | viewed 41,040 times

  Low natural gas prices have finally brought the decade-long shale gas boom in Appalachia to a halt. Gas production in Appalachia declined by about 1…

• The Latest Texas Oil Boom Has Sent Emissions Soaring

  Published 08 January 2020 | viewed 17,689 times

  The ongoing growth of fracking in the U.S., plus the related buildout of pipelines, refineries and petrochemical plants, will release the equivalent of 50 new…

• Billions In Worthless Assets Plague The Oil & Gas Industry

  Published 08 January 2020 | viewed 57,289 times

  Investors, pension funds and companies need to get ahead of the financial risk from climate change, as many fossil fuel assets risk becoming worthless. “We…