Nick Cunningham

Latest articles from Nick

• U.S. Oil Drillers Restart Production As Prices Recover

  Published 02 June 2020 | viewed 56,933 times

  Shale drillers are bringing some shuttered oil production back online as the glut eases.  The total amount of shut-in production in the Bakken stood at…

• Will OPEC+ Extend Its Historic Production Cut Agreement?

  Published 01 June 2020 | viewed 34,129 times

  OPEC+ is set to bring forward its meeting to Thursday, with a short extension of the current production cuts as the most likely outcome.  Originally…

• The World Has Too Many Oil Refineries

  Published 31 May 2020 | viewed 36,796 times

  At the start of the global pandemic in March, refineries around the world had to cut back on processing amid collapsing demand. However, there is…

• U.S. Shale Is Living Beyond Its Means

  Published 28 May 2020 | viewed 23,890 times

  Global investment in energy will fall by $400 billion in 2020, the largest single-year decline in history. U.S. shale will be hit particularly hard, with…

• Have Oil Traders Abandoned Fundamentals?

  Published 27 May 2020 | viewed 23,060 times

  Oil prices are back at levels last seen in mid-March, and while fundamentals for crude have improved somewhat, markets have become too optimistic Market euphoria…

• U.S. LNG Investment Suffers As Demand Dwindles

  Published 26 May 2020 | viewed 15,755 times

  U.S. natural gas exports are starting to run into trouble, with dozens of shipments canceled because of weak demand.  Roughly 45 LNG cargoes scheduled for…

• $30 Oil Isn’t Good Enough For U.S. Shale

  Published 25 May 2020 | viewed 52,086 times

  The rebound of WTI from below zero back into the $30s led to a wave of bullish trading, with energy stocks rallying in response. One…

• Oil Is Unlikely To Go Much Higher

  Published 24 May 2020 | viewed 95,680 times

  Oil prices have climbed nearly uninterrupted since late April, but the gains could be coming to an end.  On Friday, oil prices fell sharply, hitting…

• Europe Set To Unveil Its $500 Billion 'Green Deal'

  Published 21 May 2020 | viewed 27,760 times

  The European Union is set to launch a down payment on a Green New Deal. As the world slips into a deep economic recession –…

• Covid-19 Crisis Could Crush Brazil’s Oil Boom

  Published 20 May 2020 | viewed 17,425 times

  The coronavirus is spreading like wildfire in Brazil, and the country’s oil industry could get dragged down with it.  “Brazil has the worst COVID growth…

• Permian Basin Leads Decline In U.S. Shale

  Published 19 May 2020 | viewed 21,977 times

  U.S. shale production is set to fall to a two-year low in the coming weeks, with the Permian basin leading the way down. In the…

• The Oil Rally Is Running On Fumes

  Published 18 May 2020 | viewed 82,201 times

  Oil prices have surged to two-month highs on growing signs of a rebound in oil demand, as the easing of lockdowns spread worldwide. At its…

• The State Hit Hardest By The Oil Crash

  Published 17 May 2020 | viewed 35,829 times

  The Texas economy has suffered a double blow from COVID-19 crisis and the collapse of the oil industry.  U.S. shale drillers had already planned on…

• Oil Spikes Despite Pandemic Uncertainty

  Published 14 May 2020 | viewed 40,027 times

  Oil prices have stabilized due to a rebound in demand and the “spectacular” drop in supply, according to a new report from the International Energy…

• Is EIA Data Disguising A Disastrous Decline In U.S. Shale?

  Published 13 May 2020 | viewed 58,301 times

  The Trump administration claims that the U.S. is “transitioning to greatness,” and that energy companies are going to see “massive gains.” U.S. Secretary of Energy…

• Has Demand For Oil Already Peaked?

  Published 12 May 2020 | viewed 80,334 times

  Oil prices continue to rise on the prospect of a rebound in fuel demand as economies begin to reopen.  But there is a large difference…

• COVID-19 Could Spark A Renewable Energy Boom

  Published 11 May 2020 | viewed 37,743 times

  There is a growing acceptance that the prospect of a V-shaped recovery is unrealistic. “A couple months ago I was optimistic, I was hopeful, that…

• Trump’s Corn Crisis Is Back

  Published 10 May 2020 | viewed 51,262 times

  A bipartisan group of two dozen U.S. Senators sent a letter to President Trump, urging him to reject the demands of the oil refining industry,…

• Why This Oil Rally Won't Last

  Published 07 May 2020 | viewed 111,529 times

  Oil prices have rallied as traders believe the depths of demand destruction may be coming to an end with economies beginning to reopen. But some…

• Is This The End Of The LNG Boom?

  Published 06 May 2020 | viewed 38,001 times

  The glut of natural gas could lead to more cancelled LNG exports in the next few months. “It is clear that yes we face today…