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Nick Cunningham

Contributor since: 04 Nov 2013

Nick Cunningham

Nick Cunningham is an independent journalist, covering oil and gas, energy and environmental policy, and international politics. He is based in Portland, Oregon. 

Latest articles from Nick

  • The Oil Market Crash Is Far From Over

    Published 23 April 2020 | viewed 72,572 times

    WTI prices may have steadied somewhat after a wild couple of days, but the physical market for crude is still collapsing. Energy stocks posted sharp…

  • Venezuela’s Oil Output Could Fall Again Soon

    Published 23 April 2020 | viewed 22,571 times

    On Tuesday, the Trump administration told the last remaining American oil companies in Venezuela that they had until December to wind down operations in the…

  • The Worst Is Yet To Come For Oil Prices

    Published 21 April 2020 | viewed 97,958 times

    Dashing hopes for some oil producers who may have thought negative prices were a weird quirk, the June WTI contract fell sharply on Tuesday. During…

  • What’s Next For Oil As Prices Go Negative?

    Published 20 April 2020 | viewed 153,192 times

    Oil prices crashed through zero, closing out the day at -$37 per barrel, an unprecedented meltdown. There are mitigating circumstances to these insane numbers. The…

  • Oil Demand Won’t Bounce Back Anytime Soon

    Published 16 April 2020 | viewed 89,227 times

    Oil demand is expected to be down by nearly 30 million barrels per day (mb/d) in April and down by almost 10 mb/d for the…

  • Coronavirus Has Wiped Out A Decade Of Oil Demand Growth

    Published 15 April 2020 | viewed 55,691 times

    Just days after the largest production cut in history, WTI fell below $20 per barrel.  The oil world was hyper-focused on what OPEC+ might do…

  • U.S. Oil Drilling Grinds To A Halt At Key Shale Hotspots

    Published 14 April 2020 | viewed 78,869 times

    Oil and gas production in the United States has peaked and is already in decline.  The latest data from the EIA’s Drilling Productivity Report sees…

  • OPEC+ Deal Is “Too Little And Too Late”

    Published 13 April 2020 | viewed 35,672 times

    “The historic agreement that we saw…is only 10 mb/d. But that is only half of the story,” U.S. Secretary of Energy Dan Brouillette said on…

  • Coronacrisis Is Killing Argentina’s Shale Oil Boom

    Published 11 April 2020 | viewed 53,938 times

    Argentina’s Vaca Muerta shale is on life support just weeks after the meltdown in global crude oil prices.  On Thursday, the regional news outlet in…

  • Oil Could Fall Back To $20

    Published 09 April 2020 | viewed 118,401 times

    Oil demand is set to plunge by as much as 27 million barrels per day (mb/d) in April, a decline larger than anything that has…

  • Is U.S. Energy Dominance Coming To An End?

    Published 08 April 2020 | viewed 73,693 times

    America’s era of “energy dominance” was brief. The slogan was always silly. Leaving aside the extensive environmental fallout, the notion that a debt-fueled drilling boom…

  • Supermajor Slashes Spending As Oil Prices Collapse

    Published 07 April 2020 | viewed 46,484 times

    “We haven't seen anything like what we're experiencing today.” ExxonMobil’s CEO Darren Woods said his company is expecting oil demand to decline by 20 to…

  • The World’s Biggest Oil Deal Can’t Save Crude Prices

    Published 06 April 2020 | viewed 105,380 times

    G20 countries are set to send their oil minister for an emergency meeting on Friday, a sign that there is a chance that OPEC and…

  • The Oil Giant Drowning In Debt

    Published 05 April 2020 | viewed 88,330 times

    ExxonMobil saw its credit rating downgraded by Moody’s on Thursday from Aaa to Aa1, with a Negative outlook. Two weeks ago, S&P cut Exxon’s credit…

  • What Really Caused Oil To Rally By 25%?

    Published 02 April 2020 | viewed 175,780 times

    Oil prices spiked 25 percent on Thursday after President Trump tweeted that Saudi Arabia and Russia would cut production by 10 to 15 million barrels…

  • Oil Price War: Is It Game Over For Trump?

    Published 01 April 2020 | viewed 123,675 times

    The U.S. government is trying to convince Russia and Saudi Arabia to end the price war, but the Trump administration has few tools at its…

  • Oil Giants Turn On Each Other As Crude Prices Plummet

    Published 31 March 2020 | viewed 62,624 times

    Scott Sheffield of Pioneer Natural Resources blamed ExxonMobil for blocking help from the American government for the U.S. shale industry. Exxon’s refusal, Sheffield says, is…

  • Could Oil Really Fall To $0?

    Published 30 March 2020 | viewed 105,967 times

    The outlook for U.S. shale continues to darken with WTI testing sub-$20 territory. The supply glut could grow worse as the contraction in demand continues…

  • Natural Gas Prices Could Double Next Year

    Published 29 March 2020 | viewed 93,280 times

    Unprofitable drilling, a global recession and dwindling access to capital could lead to a decline in U.S. natural gas production this year and next. The…

  • Is This The Beginning Of The End For Texas Oil?

    Published 26 March 2020 | viewed 113,321 times

    Widespread misery was evident in the Dallas Fed’s latest survey, which included responses from 161 energy firms and took place from March 11-19. The quarterly…

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