Crisis in Ukraine: the global risks to commodities

• 25 February 2022

The invasion of Ukraine has had an immediate effect on the global economy and markets. What are the lasting implications for commodities?

Lower 48 oil and gas economics Q4 2023: three key takeaways

• 16 April 2024

As winter 2023 comes to an end in the US, read about some of the key gas production and pricing updates from the last quarter

Macro Oils Service

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

Can Australian operators prioritise the decarbonisation of LNG in a high-priced world?

• 10 May 2022

Join us for our 'Can Australian operators prioritise the decarbonisation of LNG in a high-priced world?" webinar when we will discuss the latest research and developments in the region.

Webinar | Brazil 2019 licensing bonanza: offering up pre-salt blocks

• 13 November 2019

This particular webinar topic covered the highly awaited exploration bid rounds over the pre-salt blocks on offer in Brazil. On October 16th, our experts shared their perspectives and discussed the licensing bonanza comprising of three rounds scheduled within a month of each other.

Is the world sleepwalking into an oil supply crunch?

• 16 July 2021

Where new oil supply to 2030 will come from and what it costs

Metalmorphosis: how decarbonisation is transforming the iron and steel industry

• 19 October 2023

As the steel industry solves its carbon problem, we see a tectonic shift towards greener metallics like hydrogen-based DRI & scrap over hot metal.

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.

Can China’s recovery turn the oil market around?

• 15 June 2023

Government starts pulling the levers to bolster the economy

Industry slashes spending as price rout deepens: Can companies cope?

• 19 March 2020

Survival mode has returned to the oil and gas sector as the oil price rout deepens. Corporate financials are in better shape than during the 2014/2015 crash, but room for manoeuvre is limited. Can companies cope with prices this low?

No country for oil men (and women)

• 30 January 2025

UK and EU energy policies risk undermining energy security and economic growth by discouraging domestic oil and gas investment, increasing reliance on costly imports and jeopardising net zero goals. Discover how regulatory uncertainty, high taxes and declining North Sea production threaten the future of Europe’s energy transition.

Gas and LNG: global and regional predictions for 2024

• 17 January 2024

The global gas and LNG market rebalanced in 2023 – perhaps more than many expected. What key themes will define 2024?

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.”

Google sets a new challenge for renewable energy

• 18 September 2020

Tech companies have been matching their electricity use with purchases of wind and solar power. Now Google wants to go further and run its operations on renewables 24/7

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.

OPEC+ aims for balance as it rolls over output curbs

• 02 July 2019

Speaking as the OPEC and OPEC+ meetings ended in Vienna today, Ann-Louise Hittle, vice president, Macro Oils, at global natural resources consultancy Wood Mackenzie, said: “The agreement to roll over production restraint was a foregone conclusion after the green light from Russia’s president, Vladimir Putin, at the G20 meeting for continued production restraint."

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

Five themes shaping the energy world in 2025

• 08 January 2025

What opportunities, challenges and risks does the world of energy and natural resources face in 2025? From geopolitics to Big Oil M&A and innovation in power. Our experts share their thoughts.

Oil price crash - where does Asia go from here?

• 17 March 2020

Oil demand has gone into a tailspin. We now expect Q1 global oil consumption to be 2.7 million b/d lower than the same period a year ago.

Heating up: 2024 showcased the promise of geothermal energy

• 19 February 2025

Geothermal energy is gaining momentum - driven by new tech, major investments and big tech partnerships. Is it the next big player in renewables?

Surge in oil hedging could worsen US supply glut

• 27 March 2017

Those hoping that recent oil-price weakness will prompt US producers to pull back drilling activity and ease the glut of oil supply may need to keep waiting.

Why oil is pushing towards US$100/bbl…

• 18 February 2022

What's driven the rally, what is the outlook for supply and demand fundamentals in 2022, and how will geopolitics, including the Russia/Ukraine crisis, play out?

International tensions shape COP27 climate talks

• 14 November 2022

COP27 is ongoing, but progress could be limited by the leaders of China and India staying away from the summit in Egypt

Gas price signals show need for increased supply

• 17 September 2021

European gas prices have been hitting record highs and prices have been soaring in Asia. It's clear the market needs more gas. The US has the resources to meet that demand, but has hurdles to overcome

The challenge of upgrading the US grid

• 07 May 2021

The shift towards renewable power generation relies on adding transmission capacity. Opposition to new lines makes that an uphill battle.

Seven days that shook the world

• 13 March 2020

The coronavirus outbreak has derailed OPEC+, thrown the oil market into turmoil and sent an already unloved sector into freefall. What are the implications?

Oil price rout may trigger major industry shake-up

• 10 March 2020

As global markets reel in the wake of the oil price crash, Wood Mackenzie’ corporate analysis team believes the price collapse could be the trigger for a new phase of deep industry restructuring - one that rivals the changes seen in the late-1990s.

What changed energy markets in the 2010s?

• 14 January 2020

Can a decade be a turning point? So much happened in the energy sector, the 2010s might be seen as just that.

How the oil market would deal with the return of Iranian exports

• 16 April 2021

The return of Iranian exports to the oil market in 2021 was a clear risk. If sanctions are lifted, how much oil could Iran produce and how quickly? What wiggle room would OPEC+ have to accommodate Iran's exports? What would be the effect on the oil price?

Shell takes a hit from the coronavirus downturn

• 02 July 2020

The company is taking a gloomier view of oil and gas prices over the next few years, prompting a writedown in asset values of up to $22 billion after tax