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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

  • Is An Oil Supply Shortage Inevitable?

    Published 05 May 2020 | viewed 47,065 times

    Oil prices are rising as supply shut ins mount and oil demand seems to be turning a corner. Some oil market analysts even warn that…

  • Oil Majors Take On More Debt To Fund Dividends

    Published 04 May 2020 | viewed 20,157 times

    Exxon posted its first quarterly loss in more than 30 years. But even as debt mounts and questions arise about peak oil demand, the oil…

  • Oil Price Crash Hits Latin American Drillers Hard

    Published 03 May 2020 | viewed 35,920 times

    Rigs are vanishing at a rapid clip in the United States, but oil and gas drilling activity is also falling worldwide.  The international rig count…

  • Why Shell Slashed Its Dividends

    Published 30 April 2020 | viewed 24,312 times

    Royal Dutch Shell cut its dividend for the first time since 1945, cutting its payout by two-thirds. While U.S. shale drillers face the prospect of…

  • Oil Rallies On Signs Of A Global Reopening

    Published 29 April 2020 | viewed 67,105 times

    Oil prices rose early on Wednesday on a spate of relatively positive news. The most obvious for the oil market was the smaller-than-expected build in…

  • How Bad Are Big Oil’s Earnings?

    Published 28 April 2020 | viewed 42,235 times

    BP’s first quarter earnings plunged by two-thirds, and its debt levels rose to a record high. The global pandemic and the collapse of oil prices…

  • The LNG Market Is “Imploding”

    Published 27 April 2020 | viewed 130,100 times

    While everyone is understandably watching the meltdown in the crude oil market, the global market for natural gas is also cratering. At least 20 cargoes…

  • Big Oil’s Dilemma: Cut Dividends Or Cut Operations

    Published 26 April 2020 | viewed 73,213 times

    The oil majors are facing a financial vice like they never have before.  With oil prices hovering around $20 per barrel and no end in…

  • The Oil Market Crash Is Far From Over

    Published 23 April 2020 | viewed 97,060 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 30,052 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 132,075 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 180,070 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 96,511 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 60,592 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 84,892 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 39,425 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 58,793 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 126,070 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 78,266 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 49,467 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…

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