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Russia-Ukraine war could slow global economic growth to 2.5% this year

12 April 2022

Global economic growth could slow to 2.5% year-on-year in 2022 and 0.7% in 2023 due to the Russia-Ukraine war, says Wood Mackenzie.

News Release

About 650,000 barrels per day of Russian crude oil to be ‘swapped’

05 April 2022

About 650,000 barrels per day (b/d) of Russian crude oil are to be relocated from advanced economies, and the solution could be ‘crude swapping’, says Wood Mackenzie.

News Release

World must double-down on plans to achieve net zero by 2050

23 March 2022

Over the last year, strong demand recovery and a lack of investment in supply has caused prices to rise across sectors. Energy security and geopolitical tensions have added unprecedented uncertainty to markets across the globe. On top of that, countries and corporations still bear the massive challenge of limiting global warming to 1.5 ˚C.

News Release

Utility evolution in Africa to reshape global electricity demand

17 March 2022

Sub-Saharan Africa offers an alternative vision of how the energy transition will change power generation, according to research released today by global energy consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK).

News Release

Energy transition may shave 2% off global GDP by 2050

20 January 2022

The world has the means, motive and opportunity to cap global warming to the 1.5°C limit agreed in the Paris Climate Accord, new research released today by Wood Mackenzie, a Verisk company (Nasdaq: VRSK) shows. But there will be tangible economic implications of an accelerated energy transition. While global economic output is likely to take a hit until 2050, it could be recoverable by the end of the century, according to Wood Mackenzie.

Comment

China’s GDP to further decelerate in Q4 2021

01 December 2021

China’s economy has faced headwinds from flooding, Covid outbreaks and power rationing in H2 2021. This resulted in a steeper-than-expected economic slowdown for the third quarter, says Wood Mackenzie

Comment

Low-carbon fuels could play a role in Asia Pacific’s decarbonisation efforts

25 October 2021

Minister for Trade and Industry Gan Kim Yong said today that Singapore plans to import around 30 per cent of its electricity from low-carbon sources by 2035.

News Release

China could ease restrictions on Australian coal and increase supply to alleviate power crunch

08 October 2021

Wood Mackenzie believes that Chinese authorities could allow customs clearance of stranded Australian thermal coal. In addition, the local governments in Yulin region of Shaanxi province and Inner Mongolia have announced yesterday that they will be increasing coal supply to meet demand.

News Release

Global energy storage set to triple in 2021

07 October 2021

New research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), shows annual global storage deployments will nearly triple year-on-year, reaching 12 GW/28 GWh in 2021. Across the world, economic recovery is top of mind for politicians, with renewable energy integration taking centre stage. Despite disruptions from the Covid-19 pandemic, Wood Mackenzie’s Global Energy Storage Outlook, released today, forecasts nearly 1 TWh of total demand from 2021-2030.

News Release

Oil price windfall a ‘golden opportunity’ to speed up sector’s decarbonisation

19 August 2021

– Oil and gas companies must use the current cash flow windfall opportunity to speed up decarbonisation of their businesses, global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK) said in a report released today.

Comment

Woodside confirms potential merger with BHP's petroleum business

16 August 2021

Woodside has confirmed it is in discussions with BHP over a potential merger involving BHP’s entire petroleum business.

Comment

Japan’s new 2030 energy mix unveils radical plans to transform the energy system

27 July 2021

Last week, Japan’s Ministry of Economy, Trade and Industry (METI) released a draft of its upcoming 6th Strategic Energy Plan which included major changes to the FY2030 power generation mix targets.

News Release

EU’s ‘Fit for 55’ lays out bloc’s green blueprint

14 July 2021

Europe is at the forefront of the shift to net zero, both in ambition, but also in terms of how to make rapid and deep decarbonisation a reality. The world needs to reduce carbon dioxide (CO2) emissions as quickly as possible. Not doing so means we will need to turn to expensive and unproven technologies to withdraw CO2 from the atmosphere later this century.

Comment

ArcelorMittal to take green steel honours with Sestao plan

13 July 2021

European steelmaker ArcelorMittal today announced plans to become the world’s first steelmaker to produce fossil-free steel using virgin iron. ArcelorMittal, the world’s second largest steelmaker and Europe’s largest producer, plans to produce fossil-free steel via a process known as H-DRI-EAF.

News Release

Australia’s low-carbon hydrogen trade could be worth up to US$90 billion in 2050

17 June 2021

Low-carbon hydrogen could become a US$50 billion to US$90 billion export industry for Australia in 2050, says Wood Mackenzie.

Webinar

Webinar | Clearing the air: How at-scale carbon removal could accelerate the energy transition

10 December 2024

Join our webinar where we will review the current state of this nascent industry and the factors that will shape its evolution, across the following topics: ̵ Project type costs, potential and readiness ̵ A deep-dive into carbon removal project economics ̵ Who is buying or investing in carbon removal, and why? ̵ Analysis of government policy and other regional factors impacting removal deployment

Webinar

Webinar | Corporate Strategic Planner 2026 - Oil & Gas

09 September 2025

Join our experts for the Corporate Strategic Planning Webinar 2026.

Event

Wood Mackenzie at NOG Energy Week

05 July 2026

Wood Mackenzie is excited to be attending and speaking at NOG this year as a strategic partner

Content

Macroeconomics, risk and global trends Insights

03 October 2017

Stay ahead of the trends shaping global energy and commodity markets with proprietary data, models and analysis.

The Edge

Why upstream companies might break their capital discipline rules

13 February 2025

Stronger oil and gas demand could drive higher investment, rising prices, and more M&A in a slower energy transition.

The Edge

Battery energy storage comes of age

23 January 2025

Explore how battery energy storage (BESS) is revolutionising renewable energy by enhancing grid stability, reducing curtailment and supporting zero-carbon power generation. Discover key trends, market growth and advancements in battery technology driving the future of energy storage solutions.

The Edge

Rebooting Asia’s energy transition

16 May 2024

Last week in Singapore, sector leaders, including CEOs, took to the stage for Wood Mackenzie’s 6th APAC Energy and Natural Resources Summit. The theme was ‘Rebooting Asia’s energy transition’.

The Edge

COP28 preview: five things to look for

23 November 2023

Paris reset or Groundhog Day?

The Edge

Energy transition – reset required

12 September 2022

The energy crisis is raising doubts about the pace the world can move towards net zero. Governments' more urgent priorities are to keep the lights on and economies ticking even if that means more fossil fuels.

The Edge

How Europe breaks its dependence on Russia

12 May 2022

Germany is on the front line of the energy security crisis and has a radical plan to break its dependence on Russian gas, oil and coal. What can other countries learn from Germany's pivot?

The Edge

Who will fund the energy transition?

27 November 2020

If ambitions on climate change are high, so, too, will be the cost. We reckon a bare minimum of US$30 trillion to US$40 trillion of investment is needed to put the world on a 2 °C or lower pathway. Where’s the money going to come from? I chatted to Prakash Sharma and Jonny Sultoon of our Energy Transition team and Peter Martin, Head of Economics.

The Edge

Stemming the tide of plastic waste

18 September 2020

Alongside climate change, the rising tide of environmental waste, plastic included, is society’s other sustainability challenge. Simon Flowers asked Guy Bailey and his Petrochemicals Research team how we can get on top of the problem.

The Edge

How will Covid-19 change corporate strategy?

01 June 2020

Future energy demand patterns could look very different depending on policy choices and the societal response to the pandemic. Our three scenarios suggest oil demand in particular is at risk. How will the increased uncertainty influence corporate strategy? Will we see diversifying companies speed up investment in decarbonisation? What are the options for pure oil and gas players, big or small?

The Edge

Oil closes in on peak oversupply

28 April 2020

The steep decline in oil demand is putting the entire system under pressure. Will there be sufficient storage globally to cope? Will we see more production shut-in? What are the prospects for demand recovery? Find out more in this week's Edge.

The Edge

Coping with negative cash flow

24 March 2020

The oil price collapse has plunged the oil sector into negative cash flow. Can the M&A market help companies bolster finances? Find out more in this week's Edge.

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Search results: 859

Russia-Ukraine war could slow global economic growth to 2.5% this year

About 650,000 barrels per day of Russian crude oil to be ‘swapped’

World must double-down on plans to achieve net zero by 2050

Utility evolution in Africa to reshape global electricity demand

Energy transition may shave 2% off global GDP by 2050

China’s GDP to further decelerate in Q4 2021

Low-carbon fuels could play a role in Asia Pacific’s decarbonisation efforts

China could ease restrictions on Australian coal and increase supply to alleviate power crunch

Global energy storage set to triple in 2021

Oil price windfall a ‘golden opportunity’ to speed up sector’s decarbonisation

Woodside confirms potential merger with BHP's petroleum business

Japan’s new 2030 energy mix unveils radical plans to transform the energy system

EU’s ‘Fit for 55’ lays out bloc’s green blueprint

ArcelorMittal to take green steel honours with Sestao plan

Australia’s low-carbon hydrogen trade could be worth up to US$90 billion in 2050

Webinar | Clearing the air: How at-scale carbon removal could accelerate the energy transition

Webinar | Corporate Strategic Planner 2026 - Oil & Gas

Wood Mackenzie at NOG Energy Week

Macroeconomics, risk and global trends Insights

Why upstream companies might break their capital discipline rules

Battery energy storage comes of age

Rebooting Asia’s energy transition

COP28 preview: five things to look for

Energy transition – reset required

How Europe breaks its dependence on Russia

Who will fund the energy transition?

Stemming the tide of plastic waste

How will Covid-19 change corporate strategy?

Oil closes in on peak oversupply

Coping with negative cash flow

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