Home » Posts tagged 'nick cunningham' (Page 6)
Tag Archives: nick cunningham
The Oil Markets Are At A Confusing Crossroads
The Oil Markets Are At A Confusing Crossroads The oil market is “adequately supplied for now,” but the supply losses from Venezuela and Iran leave the market suffering from “strain,” according to a new report from the International Energy Agency (IEA). The IEA noted that global oil production increased by 1.4 million barrels per day […]
Stock Market Chaos Sparks Oil Selloff
Stock Market Chaos Sparks Oil Selloff The plunge in global equities on Wednesday and Thursday dragged down crude oil, with even concerns about falling Iranian supply not enough to keep crude from a steep selloff. Brent fell more than 1.2 percent on Wednesday and was down another 1.5 percent in early trading on Thursday, falling […]
Hurricane Michael Shuts In 40% Of Gulf Of Mexico Oil Production
Hurricane Michael Shuts In 40% Of Gulf Of Mexico Oil Production Roughly 40 percent of the Gulf of Mexico’s oil production and 28 percent of its natural gas production was shut down as of Tuesday, as the region braced for a powerful hurricane to make landfall. At least 75 platforms were evacuated, according to Reuters, […]
Prices Soar As Natural Gas Inventories Hit Decade Low
Prices Soar As Natural Gas Inventories Hit Decade Low Natural gas prices have spiked over the last few weeks as U.S. inventories run low ahead of the peak winter heating season. Nymex natural gas prices have jumped nearly 15 percent over the past month, rising to roughly $3.30 per million Btu (MMBtu). The market has […]
IEA: Renewables Set For Explosive Growth
IEA: Renewables Set For Explosive Growth Renewable energy is growing at a blistering rate, but clean energy is also nowhere near what is needed to avoid some of the worst effects of climate change, according to a series of new monumental reports on the global energy system. Renewable energy accounted for half of the increase […]
The Next Pillar Of Oil Demand Growth
The Next Pillar Of Oil Demand Growth The debate about peak oil demand always tends to focus on how quickly electric vehicles will replace the internal-combustion engine, especially as EV sales are accelerating. However, the petrochemical sector will be much more difficult to dislodge, and with alternatives far behind, petrochemicals will account for an increasing […]
How Much Spare Capacity Does Saudi Arabia Really Have?
How Much Spare Capacity Does Saudi Arabia Really Have? Saudi Arabia has pledged to cover any supply gap that may emerge as Iranian oil goes offline, but how much spare capacity does it really have? The massive reserve of spare capacity located in the Saudi desert is the stuff of legend, taken as gospel in […]
Is Trump Eyeing A Coup In Venezuela?
Is Trump Eyeing A Coup In Venezuela? The Trump administration and some others in the U.S. government have sent some not-so-subtle hints lately that they are open to a military invasion of Venezuela to oust President Nicolas Maduro. “It’s a regime that frankly could be toppled very quickly by the military, if the military decides […]
The Inevitable Oil Supply Crunch
The Inevitable Oil Supply Crunch “The warning signs are there – the industry isn’t finding enough oil.” That’s the start of a new report from Wood Mackenzie, which concludes that a supply gap could emerge in the mid-2020s as demand rises at a time when too few new sources of supply are coming online. By […]
$100 Oil Is A Distinct Possibility
$100 Oil Is A Distinct Possibility An oil price spike is starting to look increasingly possible, with a rerun of 2008 not entirely out of the question, according to a new report. The outages from Iran are worse than most analysts expected, and bottlenecks in the U.S. shale patch could prevent non-OPEC supply from plugging […]
Is The Bakken Close To Breaking?
Is The Bakken Close To Breaking? While the Permian has experienced a drilling boom and has received tons of media attention, a lesser-known but still remarkable revival has been underway in the Bakken this year. At the same time, the increased rates of drilling in North Dakota are starting to reveal signs of strain on […]
What Will Trigger The Next Oil Price Crash?
What Will Trigger The Next Oil Price Crash? Are we nearing another financial crisis? The supply-side story for oil prices is heavily skewed to the upside, with production losses from Iran and Venezuela causing a rapid tightening of the market. But the demand side of the equation is much more complex and harder to pin […]
The Biggest Risk In Today’s Oil Markets
The Biggest Risk In Today’s Oil Markets The oil market is “tightening up,” but the Trump administration could still spoil oil prices if its aggressive trade war against China drags down economic growth. The U.S. stepped up the trade conflict with China on Monday when the Trump administration announced $200 billion in tariffs on Chinese […]
Is The Shale Slowdown Overblown?
Is The Shale Slowdown Overblown? The shale industry has hit a bit of a rough patch, with pipeline bottlenecks, cost inflation and a crowded field contributing to a drilling and production slowdown. But many in the industry are confident that the lull will be temporary. There are several strategies that shale companies are starting to […]
Can Oil Demand Really Peak Within 5 Years?
Can Oil Demand Really Peak Within 5 Years? Oil demand could peak as soon as five years from now. Predicting the point at which the world reaches peak oil demand has become something of a cottage industry. The estimates range, but tend to fall somewhere around 2030 or later. However, two new predictions – just […]
