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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

  • Oil Prices Fall After Misleading Trade War Rumors

    Published 14 October 2019 | viewed 22,757 times

    Oil prices rose on Friday after the U.S. and China seemed to hammer out a trade deal that postponed tariffs. But after studying the details…

  • IEA Draws Gloomy Oil Demand Outlook For 2020

    Published 13 October 2019 | viewed 26,392 times

    The International Energy Agency (IEA) cut its oil demand forecast yet again, citing the weakening global economy. In its latest Oil Market Report, the agency…

  • Oil Giant Slashes Jobs Amid Shale Slowdown

    Published 10 October 2019 | viewed 29,559 times

    Halliburton announced that it would lay off 650 workers across four U.S. states due to the slowdown in shale drilling. The oilfield services giant blamed…

  • Big Oil Baffled By Trump’s Flip Flop On Ethanol Policy

    Published 09 October 2019 | viewed 20,775 times

    Facing possible impeachment, President Trump is trying to patch up his badly damaged relationship with American farmers. On Friday, the Trump administration announced its latest…

  • The New Sweet Spot In The Permian Boom

    Published 08 October 2019 | viewed 23,187 times

    New Mexico may be starting to surpass West Texas as the main focus of shale drilling, with rigs decamping from familiar areas in the Permian…

  • It’s All Or Nothing For Oil As Trade Talks Restart

    Published 07 October 2019 | viewed 17,688 times

    The stakes are high for the global economy as U.S. and Chinese negotiators restart trade talks this week after months of silence and tit-for-tat tariff…

  • Brimming Storage And No Buyers: Venezuela’s Oil Production Tanks

    Published 07 October 2019 | viewed 20,103 times

    Venezuela’s oil production took another hit in recent days, as the country struggles with brimming storage tanks and no buyers. PDVSA slashed output in the…

  • Oil Slumps Again… Will OPEC Act?

    Published 06 October 2019 | viewed 41,955 times

    Saudi Aramco has fully restored the damaged production from the Abqaiq and Khurais facilities from just a few weeks ago, an impressive turnaround in such…

  • Capital Flight Is Killing The US Shale Boom

    Published 06 October 2019 | viewed 41,987 times

    The growth in U.S. shale production is grinding to a halt as low prices put drillers in a financial vice. The slowdown has been unfolding…

  • Sudden Eruption Of Violence In Iraq Threatens Oil Supply

    Published 03 October 2019 | viewed 25,979 times

    Oil prices have fallen sharply over the past week, as the swift return of disrupted Saudi oil production allowed markets to look past geopolitical risk.…

  • Oil Prices Tank On Global Recession Fears

    Published 02 October 2019 | viewed 30,865 times

    Oil prices continued to slide on Wednesday, falling on a string of worrying economic news. Markets were peppered with troubling data from September at the…

  • Oil Discoveries Hit 70-Year Low

    Published 02 October 2019 | viewed 36,824 times

    The last three years has been the worst stretch of time in seventy years for new conventional oil discoveries. A new report from IHS Markit…

  • US Shale Production Is Set For A Steep Decline

    Published 01 October 2019 | viewed 57,731 times

    U.S. oil production fell in July, another worrying sign for the shale industry. The latest EIA data shows that oil output fell sharply in July,…

  • Trump’s Latest Trade War Move Sends Oil Tanking

    Published 30 September 2019 | viewed 69,407 times

    Oil prices fell again on Monday on waning hopes of a breakthrough in the U.S.-China trade war. Late last week, Bloomberg reported that the Trump…

  • It’s “Feast-to-Famine” For The Global Gas Industry

    Published 30 September 2019 | viewed 22,850 times

    The oil majors have been piling into bets on natural gas in recent years, viewing gas as a more durable source of demand growth than…

  • Oil Prices Fall On Onslaught Of Bearish News

    Published 29 September 2019 | viewed 32,723 times

    Oil prices fell sharply on Friday on easing tensions in the Middle East after a rather surprising turn of events. Saudi Arabia is implementing a…

  • Goldman Sachs Sees Opportunity In The Shale Crisis

    Published 26 September 2019 | viewed 33,394 times

    Despite years of burning through cash, and the deep sense of anxiety within the shale industry itself, Goldman Sachs says the current down market represents…

  • Oil Under Fire At UN Summit

    Published 26 September 2019 | viewed 8,477 times

    The oil industry came under fire from climate activists, investors and global leaders at the UN General Assembly in New York in recent days. Oil…

  • Oil Prices Drop As Bearish Risk Soars

    Published 25 September 2019 | viewed 40,279 times

    Oil prices fell back even more mid-week as Saudi Arabia says it’s ahead of schedule to make the necessary repairs to the Abqaiq facility. The…

  • Secret Survey: U.S. Shale In A State Of 'Deep Anxiety'

    Published 25 September 2019 | viewed 29,374 times

    The financial stress sweeping over the U.S. shale sector has led to a sharp contraction in activity. Oil and gas activity in Texas and parts…

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