Keeping the LNG bandwagon rolling

• 12 September 2024

The LNG industry is on a roll. But the pace of future growth can’t be taken for granted. Ahead of next week’s Gastech conference in Houston, we identify three structural challenges that must be addressed to keep the LNG bandwagon rolling.

Big themes and risks for energy in 2021

• 11 December 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.

Cushing 2024: key price insights and market trends

• 07 January 2025

Due to ongoing volatility in the global oil markets, traders need prompt indication of changes in the market

Ukraine: webinar on the impact for commodities and countries

• 11 March 2022

In our rapid response webinar, our experts discussed the impact the crisis in Ukraine is having on global commodities.

AI helps support demand for US gas

• 15 March 2024

US utilities plan to add gas-fired plants as power consumption rises. That will help support gas demand even as solar and wind grow rapidly.

Energy Pulse: in brief (29 September)

• 29 September 2023

The Biden administration plans the "fewest offshore oil and gas lease sales in history", and the rest of the week’s key energy news.

Webinar: IMO 2020 impact on upstream producers, LNG and bulks(2)

• 07 May 2019

Join us on this upcoming webinar where our industry experts will discuss how and where the ripples will be felt as we edge nearer to the implementation date of 1st January 2020.

Horizons Live: The Big Ban

• 30 June 2022

Watch on demand as we answer your questions about the consequences of the Ukraine war on commodities, and how governments, companies and investors must respond as the outlook for energy is transformed.

From ‘revenge spending’ to plunging exports, China’s path to economic recovery remains uncertain

• 06 May 2020

Without a broader global recovery there can be no quick return to pre-crisis levels for many of China’s industrial manufacturers or their demand for energy.

China's renewables boom year poses major challenges to western markets

• 17 February 2022

China’s renewables manufacturing has emerged from 2021 bigger and more competitive than ever before. Western markets are benefitting from trading with the IKEA of the energy transition, but balancing reliance on China’s technology providers with local interests is now a key political as well as environmental challenge, says Wood Mackenzie.

Six themes shaping the energy world in 2024

• 09 January 2024

What opportunities, challenges and risks does the world of energy and natural resources face in 2024? Our experts share their thoughts.

Red Sea crisis: what crisis? Not for US refiners as refining margins boom

• 19 February 2024

US product exports to Europe advantaged as Middle East/West Coast India exports are challenged by Red Sea disruption

Trump and Biden seek the middle ground on energy

• 11 September 2020

The two contenders for the US presidency have fundamentally different views on energy, but have been seeking to win over swing voters

Oil Supply Tool

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

What does the US-China trade deal mean for refiners - and for the market?

• 20 January 2020

After over a year of trade tensions, the US and China signed a “phase one” trade deal on 16 January. As part of the deal, China has agreed to increase the value of energy imports by US$52.4 billion above 2017 levels over the next two years. What could it mean for the oil market?

OPEC+ strikes a deal to avoid oil glut

• 04 December 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.

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.

Veritas Capital completes acquisition of Wood Mackenzie

• 02 February 2023

Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced that an affiliate of Veritas has completed the purchase of Wood Mackenzie from Verisk (Nasdaq: VRSK).

OPEC producers key to world supply through to 2040

• 16 July 2018

Global natural resources consultancy Wood Mackenzie sees OPEC maintaining its role as a key oil supplier through to 2040, although output from non-OPEC producers will help ensure adequate supply in the years to 2030.

Suez blockage highlights Asia’s vulnerability to disruptions

• 31 March 2021

The grounding of the 400-metre, 224,000-tonne Ever Given cargo vessel in the Suez Canal last Tuesday inevitably sparked concern across the global economy and, while the vessel is now afloat and traffic has resumed, will have once again reminded Asian countries of the risks such trade arteries continue to present.

A second Trump administration

• 07 November 2024

A new Trump administration will have huge influence across both the domestic and international arenas. Introducing more import tariffs, abandoning climate policy and resolving conflicts are all high on the agenda. There are major implications for the energy and natural resources sectors.

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.

New CEO Looney rings changes at BP with ambitious climate plan

• 12 February 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 stays the course with production deal

• 01 December 2017

OPEC and non-OPEC producers agree to extend production curbs through 2018

Webinar: IMO 2020 impact on upstream producers, LNG and bulks

• 07 May 2019

Join us on this upcoming webinar where our industry experts will discuss how and where the ripples will be felt as we edge nearer to the implementation date of 1st January 2020.

Global capex spend slashed by US$1 trillion

• 18 July 2016

The impact of the drop in oil prices on global upstream development spend has been enormous. Companies have responded to the fall by deferring or cancelling projects.

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.

Action to achieve Paris climate goals will upend oil and gas prices

• 15 April 2021

If the world acts decisively to limit global warming to 2°C by 2050, the scale of change will revolutionise the energy industry. Progressive electrification will squeeze the most polluting hydrocarbons out of the energy mix, nearly eliminating their markets. Oil demand will shrink, and with it, so will the power of major oil producers. Gas demand will remain resilient, but business models will need to evolve.

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.

OPEC extends production cuts through 2018

• 30 November 2017

A 9-month extension to the current OPEC agreement will help sustain prices in a global market that's still uneasy going into 2018.