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

    Published 06 April 2020 | viewed 114,738 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 93,411 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 180,044 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 131,332 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 66,238 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 110,538 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 102,531 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 117,536 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…

  • Don’t Believe The Oil Bulls

    Published 25 March 2020 | viewed 83,035 times

    The world surplus could reach 20 million barrels per day (mb/d) in the next few weeks, threatening not only to top off storage tanks everywhere,…

  • The Permian Boom Is Going Bust

    Published 25 March 2020 | viewed 34,080 times

    Oil companies are already beginning to pare back their activity in the Permian, with cutbacks coming not just from smaller drillers, but also the oil…

  • Oil Majors Are Preparing For $10 Oil

    Published 23 March 2020 | viewed 253,610 times

    The wave of oil industry spending cuts continues, with the majors now announcing significant reductions to spending as oil remains stuck in the $20s.  Royal…

  • Not Even Higher Oil Prices Can Save U.S. Shale

    Published 22 March 2020 | viewed 127,352 times

    The U.S. shale industry is burning through cash so fast that even the state of Texas is looking at government rationed production targets.  Texas Railroad…

  • Saudi ‘Shock And Awe’ Is Crushing Shale Drillers

    Published 19 March 2020 | viewed 38,187 times

    WTI dropped into the low $20s on Wednesday, and the near-term outlook is grim. Oil lobbyists have pushed Congress for help, and a group of…

  • April Could Be Worst Month Ever For Oil

    Published 18 March 2020 | viewed 113,286 times

    Oil producers are facing their worst crisis in history, but the market is not at a bottom yet, according to several analysts. The millions of…

  • IEA Calls For Emergency Clean Energy Aid Package

    Published 17 March 2020 | viewed 16,746 times

    The coronavirus pandemic will almost certainly trigger a global economic recession, and the recession may have already started with major economies grinding to a standstill.…

  • Oil Demand To Plunge By 10 Million Barrels Per Day

    Published 16 March 2020 | viewed 84,132 times

    As major economies go into lockdown, oil demand continues to fall off a cliff. On Monday, WTI fell into the $20s. “The additional quarantine measures…

  • The Countries Hit Hardest By The Oil Price War

    Published 15 March 2020 | viewed 76,070 times

    The recent plunge in oil prices has put the financially ravaged U.S. shale industry in the spotlight over the past week, but the market downturn…

  • The Great U.S. Shale Decline Has Already Begun

    Published 12 March 2020 | viewed 98,764 times

    U.S. shale companies are moving quickly to ax their budgets, hoping to staunch the bleeding as the oil market continues to melt down. It has…

  • Will Trump Bail U.S. Shale Out?

    Published 11 March 2020 | viewed 45,560 times

    The White House is considering a rescue package for the U.S. shale industry, although the idea is getting pushback from so many sides that it…

  • U.S. Shale Collapse Will Lead To Higher Oil Prices

    Published 10 March 2020 | viewed 203,755 times

    U.S. shale growth is about to decline, becoming an immediate victim of the Saudi-Russian price war. Saudi Aramco said that it would increase oil production…

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