Big themes and risks for energy in 2021

• 11 diciembre 2020

After a tumultuous 2020, what will shape the energy world in 2021? We look at five themes to watch – economic boom, action on climate change, oil demand, industry finances and upstream investment.

Dual circulation and China’s push for energy security

• 25 noviembre 2020

At its core, dual circulation is about relying less on the outside world.

OPEC+ strikes a deal to avoid oil glut

• 04 diciembre 2020

The production cuts agreed by the OPEC+ group in April have been highly effective in rebalancing the oil market after the pandemic sent demand plunging. With hopes growing of a stronger rebound next year, some countries, led by the United Arab Emirates, have been calling for OPEC+ to stick to its plan to allow almost 2 million b/d of extra production in January. But demand is expected still to be weak in the first quarter at least, as the Covid-19 vaccines begin to be rolled out. An OPEC+ production increase of that size would have risked an oversupplied market and falling crude prices. Facing that risk, the OPEC+ ministers pulled back from the brink and agreed a production increase of just 500,000 b/d, to be reviewed for possible further increases every month.

What happens to gas and LNG if the energy transition accelerates?

• 10 diciembre 2020

Gas still has a role to play in reducing global carbon emissions. But what will the renewed focus on decarbonisation mean for the gas and LNG industry?

Horizons Live: Eye on the tiger

• 09 abril 2025

What if India’s growth matched China’s 2000's boom? Explore the global energy ripple effects in this month’s Horizons Live.

Tough at the top: the threats to US energy dominance

• 10 abril 2025

In this edition of Horizons, we explore how the Trump administration has put US “energy dominance” at the top of its agenda alongside tariffs and international trade.

OPEC+ prepares for market uncertainty with continued 2 million b/d production cut

• 06 diciembre 2022

Speaking after today’s OPEC+ meeting, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said “The decision by OPEP+ to continue with its recently agreed 2 million barrels per day (b/d) production cut through the end of 2023 is not a surprise, given the uncertainty in the market over the impact of the 5 December EU Russia crude oil import ban and the G7 price cap. In addition, the producers group faces downside risk from the potential for weakening global economic growth and China’s zero Covid policy.”

New mid-caps in Brazil aim to increase mature asset reserves almost 1 billion boe by 2035

• 06 diciembre 2022

With Petrobras divesting in many of its mature assets, new mid-cap upstream operators entering the Brazilian market will invest US$10 billion in capital investments during the next decade, boosting the production from these assets through 2027 and increasing remaining reserves by 980 million barrels of oil equivalent (mmboe) by 2035, according to a report from Wood Mackenzie, a Verisk business.

LNG exports drive expansion of North American natural gas market, adding 29 bcfd of production by 2033

• 17 noviembre 2022

Driven by a surge in LNG exports, the North America natural gas market will support 29 billion cubic feet per day (bcfd) of production from 2022-2033, tripling its current market size, according to a new report from Wood Mackenzie.

Wood Mackenzie launches Lens Gas & LNG

• 15 noviembre 2022

Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector, has launched Lens Gas & LNG, a new data analytics solution that offers a uniquely integrated view that connects markets and assets on a global scale.

New CEO Looney rings changes at BP with ambitious climate plan

• 12 febrero 2020

Speaking after BP’s new chief executive Bernard Looney unveiled the major’s ambitious climate commitments today, Luke Parker, vice president, corporate analysis, said: “BP joins Shell, Total, Equinor and Repsol in making a major commitment to reduce its net carbon footprint. “This marks a major turnaround in BP’s position. Just 12 months ago former CEO Bob Dudley said the company could not be held accountable for how people use its products. Looney is taking the company in a very different direction.” Parker added: “It’s an ambition, rather than a target, but the commitment appears to be unconditional. In terms of scale of commitment, this puts BP towards the top of the pack, along with Repsol and Equinor. “This will see BP’s business completely transformed over the coming decades: renewables and carbon abatement will get very big, legacy oil and gas will eventually get smaller. But the transition to 2050 is a multi-decade transition - not something that will happen in the next year or so.”

OPEC agrees 1.5m b/d output cut as coronavirus eats into global demand

• 05 marzo 2020

The OPEC oil producers' group and its non-OPEC allies are poised to deepen its production cuts by 1.5 million barrels per day as the coronavirus (Covid-19) outbreak eats into global oil demand.

China’s crude reserves to reach 1.15 billion barrels in 2020

• 23 marzo 2020

Wood Mackenzie’s latest analysis reveals that China’s crude stock (including strategic and commercial petroleum reserves) could reach 1.15 billion barrels in 2020, equivalent to 83 days of oil demand.

Gas sector impacted by triple whammy of coronavirus, oil price crash and LNG oversupply

• 01 abril 2020

In its latest short-term gas and LNG outlook report, Wood Mackenzie weighs the risks coronavirus, sustained low oil prices and LNG oversupply pose to the sector this year.

US$210bn of new spend in firing line as players target cost cuts

• 02 abril 2020

The oil price crash has hit the upstream sector hard. Deep cuts are being made across the board, but it will have a dramatic impact on the industry’s project pipeline. Global natural resources consultancy Wood Mackenzie believes almost all pre-FID projects will be deferred. Of the 50+ projects we identified with potential to go ahead this year, only 10 have a chance of proceeding, but all are at risk.

Bangladesh to double its fossil fuel imports in a decade

• 14 mayo 2020

Bangladesh is expected to double its fossil fuel imports to 32 million tonnes of oil equivalent (Mtoe) between 2020 and 2030, says Wood Mackenzie.

Distress in energy and natural resources

• 22 mayo 2020

Helping investors evaluate opportunities in energy and natural resources during the Covid-19 crisis

China’s Q2 2020 oil demand shows signs of recovery

• 26 mayo 2020

According to the latest analysis by Wood Mackenzie, China’s oil demand will recover to 13 million barrels per day (b/d) in Q2 2020, a 16.3% jump compared to Q1 this year.

North America Crude Oil Runs Forecast

Access a detail-driven refinery crude runs forecast for the US and Canada. Our North American Crude Oil Runs Forecast provides primary insight into refinery demand, including historical trends and predicted forecasts.

North American Waterborne Crude Report

Get key fundamental intelligence into waterborne crude movements for the US and Canadian coasts

NGL Infrastructure Intelligence

Access on-demand data for NGL infrastructure expansion and anticipate in-service dates for upcoming projects.

ARA Refined Products & Crude Storage Reports

Access accurate insight into Amsterdam-Rotterdam-Antwerp (ARA) market fundamentals, with physical inventory measurements for crude and refined product on a tank-by-tank basis.

Canadian NGLs Production Forecast

A comprehensive outlook for NGLs Production in Western Canada down to the plant level.

Weekly Propane Review

Stay on top of market fundamentals with weekly analysis of current supply and demand data and pricing.

Turkey nets largest-ever find with Tuna-1 gas discovery

• 21 agosto 2020

A gas discovery of the scale of the Tuna-1 find in the Black Sea, if developed, would be transformational for Turkey, given its overwhelming reliance on imports and crippling energy import bill. Turkey is chiefly reliant on piped gas from Russia, Azerbaijan and Iran but the share of liquefied natural gas imports has also continued to grow.

Natural Gas Regional Basis Reports &​ Market Commentary

Keep tabs on regional gas price movements with 16 regional reports for the US and Canada summarising supply and demand, accompanied by one daily morning market report highlighting noteworthy issues. ​

Natural Gas Weekly Forward Supply & Demand Report

Anticipate long-term market impact and trends with a comprehensive look at the natural gas market fundamentals driving the forward-curve 18-months out.

The complexity of capital allocation for oil and gas companies

• 10 octubre 2024

The slower pace of the energy transition is influencing Big Oil’s capital allocation. What share of cash flow is the industry re-investing? How much will upstream spend rise in 2025? Why have NOCs become the biggest spenders on low carbon?

Six energy game-changers since 2015

• 11 agosto 2023

The first Edge was published in December 2015. To mark the 300th edition, here are our top game-changers in energy markets over the last eight years.

Oil Supply Tool

Understand the prospects for future oil and NGL supply, and make astute planning, trading and investment decisions.