Can Europe cope if Russia shuts off Ukraine gas transit?

• 19 December 2019

The gas transit and supply contracts between Russia and Ukraine expire at 10 am on 1 January 2020 (Moscow time) – the future of Ukraine transit remains the largest uncertainty for global gas markets in 2020. Murray Douglas, director, European gas at global natural resources consultancy Wood Mackenzie, said: “Ukraine remains the major transit route for Russian gas into Europe – over 76 billion cubic metres (cm) will be transported via Ukraine this year."

The rise and fall of black gold

• 09 August 2017

The market used to worry about peak oil supply. Now the focus has shifted. With the world now considering a structural decline in oil demand, which sectors will feel the greatest impact?

Global gas industry in the 2050 net zero world

• 30 January 2024

Gas has a key role to play in the energy transition, but only if it can decarbonise

Harris v Trump: A fork in the road for US energy

• 21 October 2024

Our insight 'The 2024 US election: A fork in the road for US energy policy' presents the key areas set to be shaped by the outcome of the presidential race.

Nigerian lawmakers pass petroleum bill – but there is still work to do

• 02 July 2021

Speaking after the Petroleum Industry Bill (PIB) was passed by the Nigerian National Assembly on 1 July, Mansur Mohammed, head of West Africa content on Wood Mackenzie’s sub-Saharan Africa upstream research team, said: “The Senate and House each passed different versions of the bill, which will now require reconciliation before it is sent to the president for assent into law. So there is still outstanding work to do before the PIB becomes law, but we see momentum behind the bill.”

Vaccinations point the way to energy demand recovery

• 19 March 2021

It has been a rough week for crude prices, but as vaccine availability continues to widen, hopes of a sustained pick-up in activity are well founded

Future of gas in energy transition to be defined in 2021

• 14 January 2021

2021 will be a defining year for the gas and LNG industry, says Wood Mackenzie in its latest outlook report.

Renewables and nascent low-carbon technologies most exposed to high interest rates

• 18 April 2024

If high interest rates persist, transitioning to a net zero global economy will be even harder and more costly. The higher cost of borrowing negatively affects renewables and nascent technologies, compared to more established oil and gas, and metals and mining sectors, which remain somewhat insulated.

How capital markets will drive the decarbonisation of oil and gas

• 23 September 2021

Are oil and gas companies doing enough to tackle climate change? The answer is almost certainly no, despite the earnest intentions of many companies.

Debt deal aims to expedite US energy investment

• 05 June 2023

Bipartisan agreement sets time limits for environmental reviews, but is seen as only “initial steps” towards more efficient permitting.

Six energy game-changers since 2015

• 11 August 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.

Top 10 articles of 2022

• 10 January 2023

It was a fascinating and unpredictable year for energy and commodities. Take a look at our top 10 most popular articles from the year.

3 reasons Corpus Christi will dominate US crude exports

• 11 June 2019

Port Corpus Christi has started a massive dredging project to make its channels deeper and wider. The result? Bigger tankers will call the port, and constrained crude exports have room to grow.

Big Oil’s opportunity for M&A in the petrochemicals downturn

• 30 November 2023

Petrochemicals may be experiencing a severe cyclical downturn, triggered by excessive capacity build-out, but it’s one of the sector’s best long-term bets. Our experts discuss the timing of it's recovery and whether the downturn might spark change.

OPEC’s battle for control of the oil market

• 18 June 2019

Persistent non-OPEC volume growth poses a challenge. Get our latest OPEC and non-OPEC supply forecasts.

NGL Service

Gain insight into North American NGL markets with regional and national perspective on ethane, propane, butanes and pentane at Wood Mackenzie.

Carbon emissions: a new challenge for US LNG

• 05 February 2021

President Joe Biden adds to the pressure on US gas exporters to consider climate impacts

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

• 06 December 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.”

The Biden administration seeks answers to high fuel prices

• 17 June 2022

The president has asked refiners to increase output. Effective solutions will be more complex.

China’s energy markets feel the squeeze

• 11 June 2019

When the US sneezes, China catches a cold or so they say. Certainly when the US decides to stack tariffs onto the price of imported Chinese goods, China’s economy, central to global economic growth, slows down. That’s already started to happen – even before the latest increase in tariffs starts to have an effect.

December '18 OPEC meeting: production cuts expected

• 03 December 2018

As OPEC ministers prepare to meet in Vienna this week, Qatar abruptly announced its withdrawal from the producer’ group. While the move sparked a lot of speculation, it will not have a significant impact on supply. Get Ann-Louise Hittle's analysis of this and other key talking points including Trump and production cuts at this week's OPEC meeting. With live updates from Vienna from Ann-Louise.

Chance of a lifetime: can India show the developing world a unique path to net zero?

• 18 January 2024

India’s global profile is soaring. It already boasts the world’s largest population and is forecast to be the fastest-growing major economy over the coming decades. By 2050, it will be the world’s third-largest economy, up from sixth today.

M&A shake-up on the horizon for the Australian upstream sector

• 29 August 2019

We’ve identified a potential US$32 billion worth of assets that could change hands in the next few years. Many of these deals are long in the planning and reflect wider trends in the Australian and global upstream sectors. We’ve bucketed our pick of the deals into three key themes.

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

• 02 April 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.

OPEC and how low prices have changed oil demand

• 03 April 2018

How to sum up the effect on oil markets of OPEC’s strategy since 2014? Based on how the fundamentals have evolved, it's been a pretty mixed bag.

What higher oil prices in 2024 could mean for the economy and politics

• 14 September 2023

The oil market has come to life, with prices finally delivering on our expectations for 2023. Our oil experts, Ann-Louise Hittle and Alan Gelder, join Simon Flowers to discuss where the market goes from here and what this could mean for the economy and politics.

How the big Gulf producers are investing in 2019

• 15 January 2019

What are the upstream investment strategies of big Gulf producers? And how much are they spending? Find out here. With analysis from Simon Flowers and Jessica Brewer.

Low oil price could squeeze out 4 million b/d of non-OPEC supply

• 19 April 2020

The OPEC+ ‘deal of the century’ last weekend changes oil market dynamics in the short run. Find out more in this week's Edge.

Energy transition to trigger steep decline in eastern Australia’s gas demand

• 08 March 2022

Eastern Australia’s gas and power markets are at the forefront of Asia Pacific’s energy transition. Markets are undergoing a radical transformation, one which could see gas demand decline by 60% in 2050, depending on the pace of the energy transition, Wood Mackenzie, a Verisk business (Nasdaq:VRSK), said today.

After the crash: five key changes in US Gulf of Mexico

• 04 June 2020

How US Gulf of Mexico companies have adjusted their budgets and production levels in response to the 2020 oil price crash