How the US sets global oil and gas prices

• 27 June 2017

Tight oil and shale gas, through LNG exports to Europe, are likely to be cap and collar in their respective markets for the next few years – tight oil setting the ceiling price, US gas the floor.

Europe emerges as global LNG price-setter

• 27 May 2021

Global liquefied natural gas (LNG) markets were set to tighten over the next five years, driven by a slowdown in global LNG supply growth. But Europe’s market dynamics are turbo-charging the price recovery, with TTF currently trading close to US$9 per million British thermal units (/mmbtu), a level not seen since mid-2018. Following the recent winter spot price spike in Asia, the European market has been sustaining global LNG prices, making the region a battleground for global LNG price formation, new research from global natural resources consultancy Wood Mackenzie found.

Australia-China relations continue to sour

• 13 May 2021

With China buying around a third of everything Australia exports on a value basis, the downward spiral in Sino-Australian diplomatic relations is clearly of concern.

Is there more upside for oil prices in 2023?

• 13 April 2023

OPEC+ output cuts hasten market tightening

IMO 2020 - Countdown to 1 January 2020

• 07 June 2019

The implementation date for the IMO’s global fuel sulphur content cap is not far away. How will these changes affect the downstream, upstream, LNG and bulks sectors? And how prepared is the industry? Our experts share their views in this webinar.

OPEC+ set to make its choice

• 05 December 2019

OPEC+ gathers today and tomorrow to decide if the group should roll over its production restraint agreement or consider deeper cuts. The current agreement to reduce output by 1.2 million b/d runs to end March 2020. Ann-Louise Hittle, vice president, Macro Oils, said: “The idea of deeper cuts has been broached, but we consider that less likely to reach full agreement than a rollover of the standing agreement. The need for production restraint is clear. Slower US production growth is not enough to offset the ongoing imbalance between global supply and demand.”

US nuclear’s problems add to the challenge of carbon-free power

• 30 April 2021

The shutdown of the Indian Point nuclear plant underlines the difficulty of achieving 100% zero-carbon electricity in the US by 2035

Assessing the risks to future oil demand

• 15 May 2020

A weak world economy, the backlash against globalisation, and more ambitious climate policies threaten to put a brake on growth

Tensions over “green protectionism” emerge at COP28

• 01 December 2023

Countries including China and India want the climate talks to address unilateral measures such as the EU’s CBAM and the US Inflation Reduction Act.

US policy cranks up the risks to oil supply – and price

• 14 May 2019

Dwindling spare OPEC capacity leaves market vulnerable to disruption. Learn more.

OPEC+ deal balances consumer pressure with need for stable prices

• 23 June 2018

The OPEC+ meeting, held in Vienna on 23 June 2018, confirmed Saudi Arabia and Russia’s high-level commitment to co-operate to manage the oil market.

Extended production cuts show OPEC's enduring influence over oil

• 08 March 2024

It has been written off many times, but the oil producers' group remains relevant. In the long term, its influence could grow.

Macro Oils Service

Easily understand trends in the global oil market with our informed, independent view on oil prices and their key drivers.

OPEC+ plans to boost oil production

• 07 June 2024

The OPEC+ countries are taking on the delicate task of trying to raise oil production without crashing the market. They are starting cautiously, but the global economic outlook holds plenty of downside risks for demand and prices.

The changing face of global energy: Latin America takes centre stage

• 14 May 2018

As market share for renewables gains momentum, key players are entering the scene across Latin America. With Mexico's Energy Reform enabling solar and wind capacity to grow, Brazil making a comeback in wind power and Argentina emerging as the fastest-growing regional market for renewable energy, it's clear that these countries will continue to dominate the spotlight.

Connect four: key findings from the first four editions of Horizons

• 12 May 2021

Will falling costs secure solar’s dominance in power? Can Europe slash its emissions by 2030? Will China win the clean energy race? What would an accelerated energy transition mean for oil and gas prices? Find out in our Horizons recap.

Big Oil commits to dividends in troubled times

• 30 October 2020

The US and European majors showed how cash distributions are a crucial part of their appeal to investors in the energy transition

Power of Siberia begins gas supply to China (and why it’s ok for LNG)

• 16 December 2019

On December 2 Russian gas officially flowed into China with the start-up of the Power of Siberia (PoS) pipeline. The project, which will ultimately see 38 bcm a year delivered under a US$400 billion, 30-year contract, will elevate China to become Gazprom’s second largest export market and support Beijing’s goals of energy import diversification and security.

Artificial intelligence and the future of energy

• 27 June 2024

Artificial Intelligence is the next big thing in energy, dominating discussions at all levels in companies, banks, investment funds and governments. Prakash Sharma and I asked WoodMac’s experts what role AI might play in the energy and resources sectors and where the greatest opportunities and risks are.

Will the natural resources sector recover from Covid-19?

• 07 May 2020

The outbreak of coronavirus, the oil price crash and the impending global recession present an enormous challenge for energy and natural resources. Keep up with the spread of Covid-19 and its impact on your sector.

North America crude markets, the outlook for oil and the Russian gas route to market

• 30 July 2019

Hot topics from our most popular reports: Permian cube development potential, a long-term outlook for oils and Russian gas infrastructure and production hotspots

Will there be a bailout for the hard-pressed US shale industry?

• 13 March 2020

As US E&Ps are battered by plunging oil prices, the Trump administration is considering offering them financial support. This and more in this week's Energy Pulse with Ed Crooks.

Asia Pacific could become a global leader in the energy transition

• 21 February 2024

Home to half of the world’s population and contributing a third to the global GDP, the Asia Pacific region is expected to maintain a 50% share of global primary energy demand and a 60% share of global carbon emissions until 2050. This trend is unlikely to change without strong policy action and investment. However, the region still has the potential to turn these challenges into opportunities and become a global leader in the energy transition.

Ten predictions for energy in 2024

• 15 December 2023

A solar slowdown, relief for OPEC+, the rise of blue hydrogen, and other trends to watch out for in the year ahead

Coping with negative cash flow

• 24 March 2020

The oil price collapse has plunged the oil sector into negative cash flow. Can the M&A market help companies bolster finances? Find out more in this week's Edge.

International explorers steer clear of Alaska’s wildlife refuge

• 08 January 2021

Reputational, legal and political risks meant there was little interest in a first-ever lease sale in the area. But Alaska’s oil industry has other more promising prospects

Deals show the enduring appeal of US gas

• 19 April 2024

Two big European oil companies have recently announced deals to strengthen their holdings in US shale gas. The deals are small, but point to an important trend: the European companies still see the US as a core country.

OPEC and Russia agree output deal

• 07 December 2018

OPEC and its allies agreed a 1.2 million barrel per day cut after two days of tense meetings in Vienna.

US energy companies brace for tariff impact

• 07 February 2025

Breaking down the impact of US tariffs on energy, trade and global markets

Market searches for new Henry Hub ceiling price as supply/demand response remains unusually muted

• 22 April 2022

The recent run up in natural gas prices - hitting its highest at Henry Hub since 2008 - is a result of more muted market balancing mechanisms than in the past, say analysts from Wood Mackenzie, a Verisk business (Nasdaq: VRSK).