Nick Cunningham is an independent journalist, covering oil and gas, energy and environmental policy, and international politics. He is based in Portland, Oregon.
Oil prices hit a four-month high on Thursday, pushed higher by supply restrictions and a global rebound in demand. However, the accelerating spread of the…
A wave of new oil refineries coming online in the Middle East and China will knock others offline, ushering in a period of consolidation, according…
The oil market continues to tighten, but the surge of coronavirus cases in the U.S. could derail the rally in crude prices. OPEC+ can claim…
Royal Dutch Shell said that it could cut the value of its oil and gas assets by as much as $22 billion, as it takes…
The Trump administration has taken dozens of actions during the Covid-19 pandemic to benefit the oil and gas industry, such as opening new lands for…
Natural gas prices plunged to new lows this week, falling below $1.50/MMBtu, a catastrophically low price for U.S. gas drillers. The factors afflicting the gas…
Holding some of the largest shale oil and gas reserves in the world, Argentina is often cited as the likely candidate for the next big…
It will take years before U.S. shale production approaches pre-pandemic levels, if it ever does, according to an array of experts. Bloomberg surveyed top oil…
The U.S. shale industry peaked without ever making money. Over the past decade and a half, the shale industry totaled $300 billion in net negative…
Crude oil has rebounded to $40 per barrel and hoping to stay there. Some analysts have come out with more bullish forecasts for the near-term,…
Plugging old oil and gas wells may cost as much as ten times what the industry routinely estimates, according to a new report from Carbon…
Global investment in renewable energy is set to surpass oil and gas for the first time ever next year, according to a new report. Trillions…
The rebalancing of the oil market has been possible, in part, due to the sharp cutbacks in U.S. shale production. But what happens next for…
Oil demand may not recover to pre-pandemic levels until 2022 at the earliest, according to a new report from the International Energy Agency (IEA). The…
The oil price rally may have come to an end, with the long-feared “second wave” of coronavirus infections having now arrived, posing renewed threats to…
The natural gas industry is rapidly losing ground in the U.S. Northeast, beaten back by renewable energy, environmentalists, and stricter climate policy. Massachusetts Governor Charlie…
On Thursday, President Trump signed an executive order that guts environmental protections for new mines and pipelines, using an “emergency” declaration. Citing the economic emergency…
U.S. shale drillers are bringing back shut in production three months after the onset of the current downturn. But steep decline rates will increasingly take…
The oil majors have made huge bets on plastics and petrochemicals in recent years, but those investments look increasingly shaky following the COVID-19 pandemic and…
Financial markets are vastly underestimating the financial risk from climate change, according to the International Monetary Fund. Global temperatures have already increased by 1.1 degrees…