Nick Cunningham

Latest articles from Nick

• Asian LNG Prices Are Way Too Low For U.S. Exporters

  Published 02 August 2020 | viewed 21,755 times

  A massive wave of investment has poured into LNG export terminals around the world in recent years, and nearly all of the projects have China…

• Oil Majors Report Dismal Second Quarter Earnings

  Published 30 July 2020 | viewed 18,709 times

  On Thursday, some quarterly figures from the oil majors started coming in – and they are mostly negative.  Royal Dutch Shell reported a staggering $18…

• Why Oil Remains Stuck At $40

  Published 29 July 2020 | viewed 42,512 times

  Oil prices posted gains once again on Wednesday on the back of bullish data from the EIA, but analysts are warning that plenty of downside…

• The Permian Could See Record Gas Production In 2021

  Published 28 July 2020 | viewed 26,508 times

  The pandemic has curtailed associated gas production in the Permian basin, temporarily relieving some gas flaring, but the basin could return to record gas production…

• How The Fed Is Artificially Propping Up Oil Prices

  Published 27 July 2020 | viewed 24,895 times

  Oil prices have stabilized at $40 per barrel, despite global oil demand remaining sharply below pre-pandemic levels. Everyone knows the significant role that OPEC+ has…

• Big Oil Braces For Brutal Earnings Season

  Published 25 July 2020 | viewed 22,343 times

  The oil majors are set to unveil their second-quarter earnings in the coming days, and analysts expect the figures to be pretty rough. Despite their…

• Canada’s TransMountain Pipeline Faces Another Major Setback

  Published 23 July 2020 | viewed 35,939 times

  A major insurance company dropped coverage for the Trans Mountain expansion project, an oil pipeline seen as vital to the growth of Canada’s oil sands.…

• Renewable Energy Is Seizing Market Share During The Pandemic

  Published 22 July 2020 | viewed 29,528 times

  Renewable energy has surged to  capture a record share of global electricity generation, seizing more market share during the coronavirus downturn.  The steep drop in…

• Oil Holds At 4-Month High Despite Jump In COVID-19 Cases

  Published 22 July 2020 | viewed 12,897 times

  Oil prices jumped to a four-month high on Tuesday, rallying on hopes of economic stimulus. However, the uncontrolled spread of the coronavirus in the U.S.…

• Chevron’s $5 Billion Takeover Adds Key Shale And Offshore Assets

  Published 20 July 2020 | viewed 18,047 times

  Chevron has decided to acquire Noble Energy in a $5 billion deal, expanding its footprint in U.S. shale and in the Eastern Mediterranean. The acquisition…

• LNG Markets May Not Recover Until 2021

  Published 19 July 2020 | viewed 15,970 times

  The cash margin for U.S. LNG exporters improved slightly in the second quarter, but will likely remain negative for the duration of 2020, according to…

• Bullish News Fails To Spark Rally In Oil Prices

  Published 16 July 2020 | viewed 26,142 times

  Negotiations were relatively smooth, and OPEC+ did not deliver any major surprises when it agreed to ease the production cuts beginning in August. Widely expected,…

• Joe Biden Promises ‘Historic Investments’ In Clean Energy

  Published 15 July 2020 | viewed 20,031 times

  Democratic presidential candidate Joe Biden proposed a $2 trillion clean energy and climate change package on Tuesday, a plan that would overhaul transportation, electricity, and…

• Can OPEC+ Still Justify Its Deep Output Cuts?

  Published 14 July 2020 | viewed 19,652 times

  OPEC+ compliance rose sharply in June, helping to tighten up the market. The improved compliance also boosted confidence and cohesion in the group’s collective effort…

• Extending Production Cuts Would Be ‘Suicidal’ For OPEC

  Published 13 July 2020 | viewed 41,710 times

  OPEC+ will hold a committee meeting this week to assess the status of the oil market and decide on its next steps. For now, the…

• Oil Market Tightens But COVID-19 Could Spoil The Rally

  Published 11 July 2020 | viewed 29,046 times

  Global oil demand has rebounded somewhat faster than previously thought, although the spread of the coronavirus in the United States and Latin America is “casting…

• Big Oil’s Petrochemical Bet Has Hit A Snag

  Published 09 July 2020 | viewed 23,404 times

  As oil markets are slowly recovering from the oil price bust in April, big oil is facing a set of new challenges in the next…

• Oil Market Recovery Threatened By Weaker Fuel Demand

  Published 08 July 2020 | viewed 28,590 times

  Gasoline demand appears to be weakening in some parts of the United States, as the coronavirus continues to spread. The states hardest hit by the surging…

• Why The Bakken May Not Come Back

  Published 07 July 2020 | viewed 30,072 times

  The Bakken shale is already declining because of financial struggles and the oil market downturn, but the potential shuttering of the Dakota Access pipeline could…

• Two Major U.S. Pipeline Projects Face Cancelation

  Published 06 July 2020 | viewed 20,990 times

  In the span of 24 hours, a major natural gas pipeline was cancelled and a judge ordered the Dakota Access Pipeline shut down.  Just days…