Nick Cunningham is an independent journalist, covering oil and gas, energy and environmental policy, and international politics. He is based in Portland, Oregon.
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…
To extend or not extend? Officials from OPEC and a select few non-OPEC countries met over the weekend to review the state of the oil…
Italian oil company Eni drilled the first well by an international oil company in Mexican waters, and on March 23 they said the well indicated…
Venezuela’s economic crisis continues to deepen. The South American OPEC member is thought to be sitting on nearly 300 billion barrels of oil, far more…
Oil prices are heading down again on swelling U.S. crude oil inventories, with Brent dropping below $50 per barrel for the first time this year.…
Over the long run, the oil business is under threat. There are various arguments about why that might happen. Peak supply people argue we are…
Last week President Trump unveiled his budget blueprint, which detailed savage cuts to most areas of discretionary spending while boosting defense outlays by a whopping…
Last week, after WTI dipped to $48, it seemed to firm up a bit on assurances from OPEC regarding compliance with its cuts, and a…
If OPEC fails to agree to extend their production cuts for another six months, Iraq could be a major reason why. For many years after…
Oil prices have given up some of the gains achieved since the OPEC deal was agreed to in late November, and confidence in the buoyancy…
With the oil markets rattled after sharp losses in recent days, the IEA is telling everyone to slow down and stay the course, as the…
So far this year, natural gas has performed the worst among major commodities, posting painful losses in January and February. It has rebounded somewhat in…
Last November, OPEC orchestrated an impressive feat: corralling all (or nearly all) of its members to sign on to relatively aggressive production cut deal, and…
Canada’s oil industry is facing a dilemma – three major proposed pipelines but perhaps only room enough for two of them. For years, the oil…
Spanish oil firm Repsol SA just announced the largest onshore oil discovery in the U.S. in three decades, a 1.2 billion barrel find on Alaska’s…
Oil prices plunged on Wednesday and Thursday, dropping to their lowest levels since December when the optimism surrounding the OPEC deal was just getting underway.…
Anybody who is anybody in the world of oil is gathering in Houston this week for the IHS CERAWeek Conference, an annual get-together of top…
Shale drilling has become a lot cheaper over the past three years, with new drilling techniques, efficiency gains and learning-by-doing helping to lower breakeven costs.…
Three years of drastic cuts to upstream spending because of the meltdown in oil prices could result in a shortage of oil supply in a…
The Trump administration is set to undo one of former President Obama’s signature achievements. On Tuesday, the EPA and the Transportation Department are expected to…