Search

What carbon capture needs to meet climate goals

11 October 2024

What can we expect in the world of energy in 2024. A solar slowdown, relief for OPEC+, and the rise of blue hydrogen are among Wood Mackenzie analysts’ predictions for the year ahead.

Opinion

Oil and refining market implications of Israel’s strike on Iran

16 June 2025

Explore the ripple effects of Israel's attack on Iran's nuclear program and how it could reshape global oil markets and geopolitical dynamics in the Middle East

Comment

Attack on Saudi Arabia's oil facilities

16 September 2019

This attack has material implications for the oil market, as a loss of 5 million barrels per day of supplies from Saudi Arabia cannot be met for long by existing inventories and the limited spare capacity of the other OPEC+ group members. A geopolitical risk premium will return to the oil price.

Webinar

Webinar | Middle East and North Africa Upstream

20 February 2024

2023 was a year in which the Middle East and North Africa (MENA) region consolidated 2022’s gains. 2024 heralds much uncertainty: an expansion of OPEC quotas will impact short term oil production across the region while capacity expansion continues apace.

Comment

Can the North Sea survive the price rout?

23 March 2020

The North Sea has weathered several storms in its 50-year existence. But the events of the past few weeks mean the sector is entering uncharted waters. The coronavirus pandemic and collapse in OPEC+ production restraint has seen Brent reach its lowest point since 2003.

News Release

Oil price rout: which supply is most at risk of shut-in?

27 March 2020

The coronavirus pandemic is reducing oil demand. The OPEC+ production restraint agreement fell apart on 6 March and Saudi Arabia is rapidly increasing supply. The result: Brent crude has plunged to less than US$30/bbl. This will have a significant impact on currently producing fields and future supply. How low can the price go before different sources of production become uneconomic? Where are production shut-ins most likely? Can governments influence the result?

News Release

Oil market uncertainty could significantly affect prices

24 February 2025

Wood Mackenzie projects that Brent crude oil prices will average $73.00 per barrel (bbl) in 2025, according to its latest market outlook. The forecast considers various geopolitical and economic factors, including potential peace talks between Russia and the US regarding the Ukraine conflict, ongoing tariffs, and sanctions against Iran.

News Release

Oil prices likely to be lower in 2025 than last year

18 March 2025

Brent crude oil prices are projected to average $73 per barrel in 2025, down $7 per barrel per barrel from 2024, according to Wood Mackenzie’s latest monthly oil market outlook. The $73 per barrel forecast for this year is revised down $0.40 per barrel from the early February monthly report.

The Edge

Brent’s rally toward US$60/bbl – a false dawn?

10 October 2017

Share price movements can be a good early indicator of changing fortunes. The oil and gas sector had a great month in September, jumping 8% and outperforming the broader global stock market by 6%. It’s more than just rotational buying.

The Edge

Why Brent isn’t reacting to escalating geopolitical risk

08 February 2024

Today’s geopolitical temperature is close to boiling point. So why haven’t oil prices leapt in response, as we’ve seen in the past?

The Edge

Is there more upside for oil prices in 2023?

13 April 2023

OPEC+ output cuts hasten market tightening

The Edge

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?

The Edge

How Venezuela complicates the oil market’s delicate rebalancing

22 January 2026

Venezuela adds fresh uncertainty to an already oversupplied oil market

Comment

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).

Comment

Brent set to average $65/b in 2019

21 January 2019

Global markets were volatile heading into the new year. Oil has been no exception, with Brent trading between $62 per barrel on 7 December 2018 before falling to $51/b on 21 December. Mixed macroeconomic data have driven much of the volatility, with political uncertainty compounding concerns of a sharper than expected economic slowdown. What's the outlook for 2019?

News Release

Conventional pre-FID breakevens give the Lower 48 a run for its money

14 March 2018

Analysis of global oil cost curves indicates that many conventional pre-FID projects – even deepwater developments - are now competitive on a breakeven basis with US Lower 48 tight oil. However, this competitiveness has come at the expense of volumes. The trade-off of cost efficiency versus volumes means that in the medium- to long-term, the cost of supply is set to increase, highlighting the US Lower 48’s role as an important marginal barrel producer.

The Edge

Can China’s recovery turn the oil market around?

15 June 2023

Government starts pulling the levers to bolster the economy

Opinion

Coal enjoys a temporary reprieve

09 July 2021

Reports of the death of coal have been greatly exaggerated. Demand has been bouncing back this year as the world economy picks up again, and some prices have hit their highest levels for more than a decade.

Comment

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?

The Edge

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.

The Edge

Coronavirus pushes oil towards the abyss

06 April 2020

As demand collapses, how will the market deal with oversupply? Find out in this week's Edge.

Opinion

The devastating impact of the great lockdown

17 April 2020

There are signs that the coronavirus is gradually being brought under control in many countries, but any pick-up in activity will be tentative and uneven, and will face headwinds from the chaos in the global economy.

Comment

China’s demand drops for first time since 2009 as coronavirus hits oil markets

04 February 2020

The near-term impact of the coronavirus outbreak on oil demand remains uncertain as much depends upon when and how China’s manufacturing industry restarts after the currently extended Lunar New Year public holiday.

Opinion

Coronavirus, China and the big oil crash

12 March 2020

Recent events have created a perfect storm in the oil markets, the likes of which have never been seen before. Do these clouds carry any silver lining? Listen to the latest episode of the Asia Pacific Energy podcast.

Opinion

Oil producers cautious as recovery hopes rise

20 November 2020

Good news on Covid-19 vaccines points to a rebound next year, but there are still some difficult months ahead

The Edge

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.

The Edge

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.

Opinion

Five ways the coronavirus changed the world of energy this week

20 March 2020

The US government is starting to buy crude and facing calls for it to manage the oil market, as demand continues to weaken. In this week's Energy Pulse by Ed Crooks.

The Edge

Is the price rally in energy and metals sustainable?

14 May 2021

Green shoots of economic recovery are bursting through. Energy, metals and mining commodity markets have sensed it for months – witness the soaring prices of oil, LNG, iron ore, copper and many other metals. Is this a post-pandemic economic bounce or the start of a new supercycle?

The Edge

A Biden administration: implications for the energy industry

09 November 2020

The energy sector faces a very different future under President-elect Biden. What are the implications for the oil market? How will key US geopolitical relationships change? And can a Biden administration push through its climate change goals?

Upstream

Emissions & Carbon Management

Energy Transition Scenarios & Technologies

Power & Renewables

Gas & LNG

Metals & Mining

Oils & Chemicals

Commodity Trading Analytics

Supply Chain Analytics

Consulting

Wood Mackenzie Events

Webinars

Global events

Asia

Africa

Europe

North America

Power and renewables

Upstream oil and gas

Macroeconomics, risk and global trends

Oil and gas markets

Midstream oil and gas

LNG

Downstream oil refining

Coal

Metals markets

Metals costs

Chemicals

Wallmaps for sale

Lens - overview

Power & Renewables

Hydrogen

Upstream

Subsurface

Gas & LNG

Metals & Mining

Carbon

Emissions

Energy Transition

Lens Direct - API

Refine results

Article Category

Industry Sector

Commodity

Location

Your search for opec has returned 134 results

What carbon capture needs to meet climate goals

Oil and refining market implications of Israel’s strike on Iran

Attack on Saudi Arabia's oil facilities

Webinar | Middle East and North Africa Upstream

Can the North Sea survive the price rout?

Oil price rout: which supply is most at risk of shut-in?

Oil market uncertainty could significantly affect prices

Oil prices likely to be lower in 2025 than last year

Brent’s rally toward US$60/bbl – a false dawn?

Why Brent isn’t reacting to escalating geopolitical risk

Is there more upside for oil prices in 2023?

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

How Venezuela complicates the oil market’s delicate rebalancing

US to release crude oil from strategic petroleum reserve

Brent set to average $65/b in 2019

Conventional pre-FID breakevens give the Lower 48 a run for its money

Can China’s recovery turn the oil market around?

Coal enjoys a temporary reprieve

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

Six themes shaping the energy world in 2024

Coronavirus pushes oil towards the abyss

The devastating impact of the great lockdown

China’s demand drops for first time since 2009 as coronavirus hits oil markets

Coronavirus, China and the big oil crash

Oil producers cautious as recovery hopes rise

What changed energy markets in the 2010s?

Five themes shaping the energy world in 2025

Five ways the coronavirus changed the world of energy this week

Is the price rally in energy and metals sustainable?

A Biden administration: implications for the energy industry

Sign up to the Inside Track weekly newsletter