Nick Cunningham

Latest articles from Nick

• Will Oil Prices Crash Or Rally When Iran Reacts?

  Published 06 January 2020 | viewed 38,248 times

  Brent is trading in the neighborhood of $70 per barrel, a price not seen since the spring of 2019. The unexpected assassination of one of…

• U.S. Shale Struggles To Ride Out The Storm

  Published 05 January 2020 | viewed 39,642 times

  U.S. drilling activity continued to contract in the fourth quarter, and the sense of gloom among shale drillers in Texas remains palpable. The latest data…

• 2020 Will Be A Crucial Year For Oil

  Published 04 January 2020 | viewed 47,475 times

  It’s the start of a new year and a new decade, and the oil market is as unpredictable as ever. Will OPEC+ extend its cuts?…

• Is The Shale Boom Running On Fumes?

  Published 30 December 2019 | viewed 40,395 times

  Shale drilling does not produce as much oil and gas as the industry promised, raising questions about the productivity, profitability and, ultimately, the longevity of…

• The Next Oil Boom Is Happening Here

  Published 29 December 2019 | viewed 107,153 times

  Just as the U.S. shale industry is slowing down, oil production in other non-OPEC countries is on the rise. Output in U.S. shale grew substantially…

• 2019 Was A Pivotal Year For Energy

  Published 26 December 2019 | viewed 17,088 times

  In the years ahead, 2019 could go down in the history books as a pivotal year in the energy transition. This year may be a…

• Is This The Beginning Of A Shale Crisis?

  Published 23 December 2019 | viewed 43,011 times

  Banks are cutting their lending to struggling U.S. shale drillers, another blow to an industry that has long been dealing with a questionable business model.…

• Expect More Writedowns From Oil Majors

  Published 22 December 2019 | viewed 33,005 times

  On Friday, Royal Dutch Shell announced that it would take a $1.7-$2.3 billion write down for the fourth quarter, another financial blow to an industry…

• Don’t Bet On A Natural Gas Rebound

  Published 19 December 2019 | viewed 37,877 times

  Natural gas prices are set to close out the year down by about 25 percent, and unlike crude oil, there is not a lot of…

• Texas Is Already Feeling The Shale Slowdown

  Published 18 December 2019 | viewed 25,165 times

  There are more signs of a drilling slowdown in U.S. shale. The EIA said that the U.S. will add 30,000 barrels per day (bpd) between…

• Is Wall Street Turning Its Back On Fossil Fuels?

  Published 17 December 2019 | viewed 16,391 times

  Goldman Sachs said that it would no longer finance coal projects, or oil and gas exploration in the Arctic. In a new environmental policy framework,…

• Have Oil Prices Reached An Inflection Point?

  Published 16 December 2019 | viewed 46,661 times

  Oil prices have hit three-month highs, driven higher by the OPEC+ cuts, the U.S.-China trade de-escalation, the slowdown in shale and the apparent stabilization in…

• Emissions Soar As Permian Flaring Frenzy Breaks New Records

  Published 14 December 2019 | viewed 65,994 times

  The flaring and venting of natural gas in the U.S. continues to soar, reaching new record highs in recent months. The volume of gas that…

• IEA: An Oil Glut Is Inevitable In 2020

  Published 12 December 2019 | viewed 53,411 times

  Despite the OPEC+ cuts, the oil market is still facing a supply surplus in 2020, according to a new report from the International Energy Agency…

• Chevron’s $11 Billion Write Down Is A Warning For The Oil Industry

  Published 11 December 2019 | viewed 66,629 times

  Chevron said that it would write down $11 billion in assets in the fourth quarter, much of which is tied to natural gas in Appalachia.…

• The $20 Trillion Threat That Could Trigger The Next Financial Meltdown

  Published 10 December 2019 | viewed 26,936 times

  Trillions of dollars of market value could go up in smoke due to climate change. The damage hits the global economy in multiple ways. The…

• OPEC Deal Could Send Oil To $70

  Published 09 December 2019 | viewed 48,473 times

  The OPEC+ deal could push oil prices back to $70 per barrel next year, assuming all goes according to plan. The combination of raising the…

• The Danger Of Deeper OPEC+ Cuts

  Published 08 December 2019 | viewed 41,163 times

  OPEC+ agreed to cut production by 500,000 bpd, sending oil prices higher on Friday. During mid-day trading, WTI was just shy of $60 per barrel,…

• An OPEC+ Surprise Cut Is Looking Increasingly Likely

  Published 05 December 2019 | viewed 13,910 times

  OPEC+ is considering deepening cuts by as much as 500,000 bpd, a more aggressive effort to head off a supply surplus in 2020. The rumors…

• Shale’s Debt-Fueled Drilling Boom Is Coming To An End

  Published 04 December 2019 | viewed 82,364 times

  The financial struggles of the U.S. shale industry are becoming increasingly hard to ignore, but drillers in Appalachia are in particularly bad shape. The Permian…