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Supply outlook tightens as OPEC+ prepares to meet

01 July 2021

As OPEC+ meets on 1 July, oil prices are supported by tightening oil market fundamentals for the second half of 2021. Global natural resources consultancy Wood Mackenzie forecasts total oil demand to rise 5.9 million barrels per day (b/d) year-on-year for 2021.

Opinion

Asia’s LNG pain is Europe’s gain - for now

07 April 2022

“It’s not easy, but it’s feasible” was the verdict of EU climate chief Frans Timmermans as the bloc announced its ambitious goal of reducing imports of Russian gas by around two thirds this year. With this implying something in the order of 100 bcm of supply, we do not share Mr Timmermans’ optimism.

Opinion

Time for Asia’s Sputnik moment on decarbonisation

22 September 2020

Halting the pandemic and rebuilding economies are the most urgent goals for the immediate future. Wood Mackenzie estimates that almost US$20 trillion – equivalent to a quarter of global GDP – will go towards stimulus packages, public health spending and delivering a vaccine over the next 12-18 months alone.

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.

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

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.

Opinion

The rise of AI means surging investment in electricity supply. What will that mean for customers?

03 September 2024

As AI demand surges, it’s creating new challenges and opportunities in the energy sector. How can the grid keep up, and who stands to gain the most - customers or industry giants?

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.

Webinar

Webinar | Sub-Saharan Africa Upstream

14 February 2024

After three years of decline, oil and gas production is growing again across Sub-Saharan Africa. Traditional oil producers Nigeria and Angola are increasing investment and activity. Angola's exit from OPEC is a statement of its ambition. Elsewhere, growth projects are progressing in Senegal/Mauritania, Cote d'Ivoire, Namibia and Mozambique. Join our experts on Wednesday 14th February where they will discuss two recent reports - 'Sub-Saharan Africa upstream: 2023 in review' and '5 things to look for in 2024'. A main presentation will be followed by Q&A.

Comment

Colonial Pipeline cyberattack may benefit European refiners

10 May 2021

The 2.5 million barrels per day (b/d) Colonial Pipeline moves roughly 45% of the US East Coast's supply of gasoline, diesel, and jet fuel from the Gulf Coast. The duration of the outage following the cyberattack on 7 May 2021 is uncertain. In the short term, Wood Mackenzie expects fuel demand and prices to rise in PADD 1, prompting refined fuel inventories to decline and PADD 1 refiners to maximize production.

News Release

Upstream companies positioned to thrive in 2019

17 December 2018

Price volatility. Market turbulence. Geopolitical tensions. As 2018 draws to a close the stage is already set for a fascinating 2019 in the upstream industry. In the recently published 2019 upstream and corporate outlook reports, Wood Mackenzie highlights how well prepared the industry is to adapt and thrive in tumultuous times.

Comment

Bumpy road ahead as SEA navigates energy transition but opportunities aplenty

04 August 2021

Wood Mackenzie is organising the 2021 Southeast Asia Energy Forum today. Experts will be discussing key issues and opportunities facing the region’s energy industry over the coming decades.

News Release

European gas storage plans for 2023 still stand despite cold snap

14 December 2022

Colder temperatures across Europe have increased month-on-month heating demand by 20% in December, but behavioural change in households and services means the amount of gas used in these sectors is 16% lower than previous average consumption patterns for similar temperatures says Wood Mackenzie, a Verisk business (Nasdaq:VRSK).

Opinion

Energy transition in the Americas: three key questions

07 June 2023

The US, Canada and Latin America face different dilemmas in the drive to decarbonise

Comment

Woodside takes impairment but is a US$80 carbon price the bigger news?

15 July 2020

Wood Mackenzie analysts delved deeper into implications of Woodside's announced US$80 carbon price.

The Edge

COP28 preview: five things to look for

23 November 2023

Paris reset or Groundhog Day?

Opinion

Oil price crash: how Middle East, Russian and US upstream industry responses compare

01 April 2020

In this month's MENA in Brief podcast: how the oil price crash is affecting upstream activity in the Middle East – and how that differs from the dynamics in Russia and the US.

News Release

Republican control will shift US energy policy away from net zero, but sweeping agenda faces roadblocks

18 November 2024

Republican control in the US will move energy policy away from net zero targets, but President-elect Trump’s full agenda will face political and market opposition according to Wood Mackenzie analysis.

The Edge

How NOCs compare with IOCs on energy transition strategy

12 October 2023

There’s more than one route to resilience and sustainability

Featured

The greening of BlackRock: What it means for energy

17 January 2020

Discover how Blackrock’s new focus on sustainability and climate risk is transforming global energy finance and accelerating the shift to low-carbon solutions.

News Release

Offshore decommissioning in Asia Pacific could cost US$100 billion

01 February 2018

According to Wood Mackenzie's latest analysis, decommissioning Asia Pacific's offshore assets – nearly 2,600 platforms and 35,000 wells – could cost over US$100 billion.

News Release

Wood Mackenzie recognised on Financial Times' - UK’s Leading Management Consultants 2025

10 February 2025

Wood Mackenzie made the Financial Times’ 2025 list of the UK’s Leading Management Consultants –presented by the Financial Times in cooperation with leading statistics and industry ranking portal Statista Inc. The list was announced on February 5, 2025, and can be viewed on the FT website.

The Edge

Future energy: biomethane’s time has come

17 October 2024

Investment in the nascent biomethane sector, also known as renewable natural gas (RNG), is picking up, including large-scale M&A as Big Oil and manufacturers build positions. Simon asked Kateryna Filippenko, who leads our new Biomethane/RNG service, how she sees the market developing.

Opinion

Assessing the risks to US renewables

17 September 2024

US tax credits for low-carbon energy have bipartisan support, but could still come under pressure in the next Congress. Wood Mackenzie has modelled a “severe downside scenario” to show the possible impact on investment if the credits are cut.

Opinion

Horizons Live: Taking the strain

29 January 2025

Watch the Horizons Live replay as industry experts analyse how the upstream sector can meet rising oil and gas demand amid a delayed energy transition. Discover insights on investment needs, supply challenges, and the impact on global energy markets.

The Edge

Is it time for a global climate bank?

18 July 2024

Financing any aspect of the energy transition is tough. Funding the developing world’s transition, a topic central to the first Global Energy Transition Congress in Milan two weeks ago, is one of the most complex challenges that must be overcome in tackling climate change.

Opinion

Are Japan’s upstream players heading for the exit?

02 February 2021

Japan’s trading houses are re-thinking their long-term strategies around upstream investment.

Opinion

Colonial pipeline hack exposes the vulnerability of critical infrastructure

14 May 2021

The ransomware attack on the Colonial pipeline system had only a marginal impact on fuel markets, but could have been much more serious.

News Release

Data consortiums signal the future of oil and gas

07 August 2019

Wood Mackenzie believes that discovering new value requires going beyond isolated datasets. The solution lies in data consortiums – cooperative platforms where companies can safely share quality data.

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.

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Search results: 854

Supply outlook tightens as OPEC+ prepares to meet

Asia’s LNG pain is Europe’s gain - for now

Time for Asia’s Sputnik moment on decarbonisation

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

Brent set to average $65/b in 2019

Global energy storage set to triple in 2021

The rise of AI means surging investment in electricity supply. What will that mean for customers?

What changed energy markets in the 2010s?

Webinar | Sub-Saharan Africa Upstream

Colonial Pipeline cyberattack may benefit European refiners

Upstream companies positioned to thrive in 2019

Bumpy road ahead as SEA navigates energy transition but opportunities aplenty

European gas storage plans for 2023 still stand despite cold snap

Energy transition in the Americas: three key questions

Woodside takes impairment but is a US$80 carbon price the bigger news?

COP28 preview: five things to look for

Oil price crash: how Middle East, Russian and US upstream industry responses compare

Republican control will shift US energy policy away from net zero, but sweeping agenda faces roadblocks

How NOCs compare with IOCs on energy transition strategy

The greening of BlackRock: What it means for energy

Offshore decommissioning in Asia Pacific could cost US$100 billion

Wood Mackenzie recognised on Financial Times' - UK’s Leading Management Consultants 2025

Future energy: biomethane’s time has come

Assessing the risks to US renewables

Horizons Live: Taking the strain

Is it time for a global climate bank?

Are Japan’s upstream players heading for the exit?

Colonial pipeline hack exposes the vulnerability of critical infrastructure

Data consortiums signal the future of oil and gas

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

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