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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

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

    Published 19 April 2017 | viewed 14,876 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 18,634 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 9,054 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 14,872 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 44,090 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 17,724 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 21,674 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 15,981 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 21,255 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 13,576 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…

  • U.S. Threatens OPEC As Oil Exports Hit Record High

    Published 06 April 2017 | viewed 24,338 times

    U.S. oil exports jumped to a record high in February, rising by a whopping 35 percent from a month earlier. At over 1 million barrels…

  • Obliterating ISIS May Hamper Iraqi Oil Production

    Published 05 April 2017 | viewed 10,492 times

    Iraq says it cut output by 300,000 bpd in March, taking production down to an average of 4.464 million barrels per day (mb/d). That puts…

  • Exxon To Enter The Most Sought After Oil Play In The World

    Published 05 April 2017 | viewed 16,536 times

    The Wall Street Journal reported that Exxon is looking to jump into Brazil’s offshore sector, one of a few areas of exploration where there are still…

  • Tanker Traffic Points At Much Tighter Oil Markets

    Published 04 April 2017 | viewed 27,317 times

    Oil prices have rallied more than 6 percent since last week, which has largely been attributed to growing confidence in a six-month extension from OPEC…

  • Permian Pipeline Bottleneck Forces Steep Discounts

    Published 03 April 2017 | viewed 20,272 times

    Oil production in the Permian Basin is rising so quickly that drillers may find themselves without enough pipeline capacity to move their product. Shale drillers…

  • Why An OPEC Deal Extension Won’t Lift Oil Prices

    Published 02 April 2017 | viewed 12,471 times

    Oil prices rallied more than 4 percent over the past week on rising expectations of an extension of the OPEC deal. Kuwait and several other…

  • These Fundamentals Point To Higher Oil Prices

    Published 30 March 2017 | viewed 28,501 times

    Gasoline demand is rising again in the U.S., helping to drain the exceptionally high levels of refined product inventories. That provides a small bit of…

  • Huge 300,000 Bpd Fracklog Could Derail Oil Price Recovery

    Published 29 March 2017 | viewed 37,489 times

    Thousands of drilled shale wells are sitting idle, unfracked and uncompleted. The backlog of drilled but uncompleted wells (DUCs) grew dramatically beginning in 2014, as…

  • Trump Can’t Save Coal

    Published 29 March 2017 | viewed 10,665 times

    President Donald Trump signed an executive order on Tuesday that will begin a lengthy process of dismantling former President Obama’s signature achievement on climate change…

  • Shale Drillers Hedge, Putting A Cap On Any Oil Price Rally

    Published 28 March 2017 | viewed 27,127 times

    Shale companies are increasing their hedging in order to provide some clarity for 2017 and guard against another possible downturn in prices. U.S. shale companies…

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