OPEC+ surprises market as it extends output curbs

• 04 March 2021

OPEC+ took the market by surprise when it decided to roll over its quota, saying that rather than anticipate a demand recovery, the group would wait to see it actually recover. The market was expecting a substantial increase in production because a tightening in the supply and demand balance is already evident.

The prize for China from decarbonisation

• 23 April 2021

China’s net-zero ambitions are a significant boost to global efforts to tackle climate change. Will the push to decarbonise transform China's economy? What does it mean for its energy markets and the supply chains? And is China well placed to capitalise on low-carbon technologies?

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.

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.

Webinar | Global Oil Market Implications

• 09 March 2020

Rapidly reacting to the oil market price crash, our experts discussed the immediate drivers influencing the market today and what we expect to happen as this continues to unfold. Our Vice Chair - Americas, Ed Crooks was joined by a panel of Wood Mackenzie’s experts to discuss: Immediate repercussions of the OPEC+ group failing to reach a deal Lessons learned from previous oil price crashes - what's different this time? The Lower 48 fallout - what happens next? The Corporate response - what does it mean for the industry's biggest players

2021 – cheerful or fearful?

• 13 January 2021

And after the 12 months we’ve all just experienced, making bold predictions for the year ahead is more fraught than ever: nothing is off the table.

What do the Saudi attacks mean for Asia?

• 20 September 2019

September 14 drone strikes on Saudi Arabian oil and gas infrastructure at Abqaiq and Khurais highlighted the vulnerability of Asia's oil markets to an attack on facilities in the Middle East. Analysis from Gavin Thompson.

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.

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.

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.”

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.

Biden, China and politics of energy

• 11 November 2020

As the new administration looks to take the US back into the Paris climate agreement, will the US and China work together on tackling global warming?

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.

An ADNOC trilogy (part 3): big gas ambitions

• 15 September 2023

ADNOC’s gas self-sufficiency strategy relies on the development of ultra sour, unconventional, and gas cap resources – but the cost and complexity are impeding progress

The Texas energy crisis: its causes and consequences

• 19 February 2021

Freezing conditions in the southern US led to blackouts and a slump in gas production. What can we learn from the crisis?

The historic decline of US coal

• 29 May 2020

Cheap gas and weak power demand have driven coal’s share of US power generation to its lowest since the 19th century. They are also accelerating its long-term downtrend

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?

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.

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.

Unconventional Play Service

Compare unconventional plays against key producing plays in the US and beyond, and explore their potential using metrics such as costs, economics and risk.

Oil Supply Tool

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

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.

The mounting challenges facing Europe’s power market

• 22 July 2022

Power prices have soared across Europe. The power market itself faces multiple other challenges to keep the lights on this coming winter. What are the short-term options for governments, regulators and the industry to ease the price pressure on consumers?

US to release crude oil from strategic petroleum reserve

• 25 November 2021

On 23 November, US President Biden announced the release of 50 million barrels (mbbl) of crude oil from the US Strategic Petroleum Reserve (SPR).

The automotive sector – twists on the road to transition

• 02 April 2019

The future of light vehicles is electric; in time, perhaps autonomous. But the disruption won’t be quick, and the rise of the EV won’t be linear. Get our analysis here.

Six global trends to watch in 2017

• 23 January 2017

What might happen over the next 12 months? We explore six key trends.

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

• 05 March 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.

Drone strikes attempt to disrupt Saudi oil exports

• 12 March 2021

Houthi militants have failed in recent attempts to hit targets in Saudi Arabia. But markets and governments are watching closely for a possible threat to oil supplies

5 top takeaways from our APPEC 2025 briefings

• 16 September 2025

Our experts unpack the 5 key trends shaping Asia’s oil and refining markets in 2025 and what to expect in 2026

A call to action to the global energy industry

• 02 August 2019

Wood Mackenzie President Neal Anderson introduces our 2019 Energy Transition Outlook and examines why the energy mix is not changing nearly as quickly as the world needs it to.