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Nick Cunningham

Contributor since: 04 Nov 2013

Nick Cunningham

Biography

Nick Cunningham is a Vermont-based writer on energy and environmental issues. You can follow him on twitter.

Latest articles from Nick

  • Are Gasoline Prices About To Crash? Glut Moves Downstream

    Published 02 May 2017 | viewed 16,037 times

    U.S. crude oil inventories have finally started to decline, a potentially momentous turning point in the three-year market downturn. Oil storage levels have been climbing…

  • The Return Of Bearishness In Oil Markets

    Published 01 May 2017 | viewed 19,051 times

    The oil bears are gaining leverage over the bulls as confidence in the stability of crude prices continues to wane. Oil prices traded above $50…

  • U.S. Shale Rebound Hobbled By Higher Drilling Costs

    Published 30 April 2017 | viewed 16,127 times

    Optimism surrounding the potential increase in oil prices is fading with WTI back below $50 per barrel. Nevertheless, the oil industry is doing much better than…

  • IEA Sees Much Tighter Oil Market As New Discoveries Crash

    Published 27 April 2017 | viewed 31,154 times

    The volume of new oil discoveries hit a record low in 2016, the result of severe cuts to exploration budgets amid plummeting oil prices. The…

  • Exxon Hikes Dividend Yet Again, Despite Low Oil Prices

    Published 27 April 2017 | viewed 7,137 times

    ExxonMobil has continued its streak of hiking its dividend, announcing another increase in its payout to shareholders on Wednesday. The oil major has boosted its…

  • Will Trump Spark An Offshore Drilling Boom?

    Published 26 April 2017 | viewed 13,227 times

    In a bid to fend off criticism over a dearth of achievements in his first 100 days in office, President Trump plans to sign a…

  • Top 5 Risks To Oil Prices

    Published 25 April 2017 | viewed 19,267 times

    Global oil inventories have started to decline and the supply/demand balance will soon tip into a deficit, if it hasn’t already. That will accelerate the…

  • The Bullish Case For Oil Is Fading Fast

    Published 24 April 2017 | viewed 36,861 times

    Oil prices took another dip on Monday, and with WTI down to $49 per barrel, crude oil has given up most of the gains that…

  • Has The OPEC Deal Been A Success?

    Published 23 April 2017 | viewed 12,238 times

    Oil prices took a hit last week after doubts resurfaced over the odds of an OPEC extension. The chances of an extension still seem good,…

  • Does The Biggest Winner Of The OPEC Deal Support An Extension?

    Published 20 April 2017 | viewed 10,835 times

    OPEC continues to make progress on cooperation as they close in on an agreement to extend their production cuts for another six months. On April…

  • Oil Industry Worried About Trump’s “Buy American”

    Published 19 April 2017 | viewed 13,760 times

    U.S. President Donald Trump signed an executive order on Tuesday that would promote his “Buy American, Hire American” trade policy, an agenda that is worrying oil…

  • Citi Sees $65 Oil By Christmas

    Published 18 April 2017 | viewed 17,496 times

    Maybe the surge in U.S. shale production won’t kill off the oil price rally after all. Oil prices could rise as high as the mid-$60s…

  • Despite Fears, China Remains A Bullish Force For Oil

    Published 18 April 2017 | viewed 8,221 times

    China is still one of the most important countries contributing to oil market bullishness, despite its slowing economy. Over the past two years, China’s state-owned…

  • Wall Street Is Pouring Money Back Into Shale

    Published 17 April 2017 | viewed 13,920 times

    With oil prices seemingly on firm footing, Wall Street is pouring money back into the shale sector, expecting profits even at $50 per barrel. The…

  • 2020s To Be A Decade of Disorder For Oil

    Published 16 April 2017 | viewed 41,529 times

    The 2020s could be a “decade of disorder” for the oil markets as the lack of drilling today leads to a shortfall of supply. Demand…

  • IEA: Oil Markets Are Balancing At A Rapid Pace

    Published 13 April 2017 | viewed 16,725 times

    The IEA downgraded global oil demand growth for this year, dropping its estimate to 1.3 million barrels per day (mb/d). That is the second annual…

  • Will Shale Kill Off The Oil Price Rally Again?

    Published 12 April 2017 | viewed 20,794 times

    WTI has rallied more than 11 percent over the past month, raising hopes from oil bulls that maybe, just maybe, the price gains are here…

  • U.S. Oil Assets Could Fall Into Russian Hands If Venezuela Defaults

    Published 12 April 2017 | viewed 14,956 times

    If Venezuela defaults on its debt obligations, it could result in Russia taking control over U.S. refining assets, leading to more Russian “control over oil…

  • Oil Markets Turn Bullish Amid Spiking Geopolitical Risk

    Published 10 April 2017 | viewed 20,140 times

    The surprise airstrikes by the U.S. on a Syrian airfield late last week brought an element of geopolitical risk back to the oil markets, adding…

  • How U.S. LNG Transformed The Market

    Published 09 April 2017 | viewed 12,544 times

    The global market for LNG is changing quickly, spurred on by new sources of supply from U.S. shale. U.S. natural gas production surged over the…

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