India needs radical transformation to reach net zero emissions by 2070

• 27 July 2023

How can India attain its net zero emissions goal by 2070, in line with global pledges to reach net zero emissions by mid-century? Wood Mackenzie analyses the scenario in its latest report ‘India energy transition pathways 2070’, concluding that the country must radically transform its energy landscape and prioritise renewable energy, electrification, hydrogen adoption, and carbon removal strategies.

U.S. Solar Industry Sees Worst Quarter Since 2020

• 07 June 2022

The U.S. solar industry had its lowest quarter of installations since the start of the coronavirus pandemic, according to the U.S. Solar Market Insight report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, a Verisk business. In Q1 2022, price increases and supply chain constraints continued to suppress the solar market as the industry installed 24% less solar capacity than Q1 2021.

M&A Service

Keep abreast of M&A developments, emerging trends and acquisition opportunities.

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.

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?

How can Big Oil stay investible through the energy transition?

• 28 August 2019

The threat of climate change represents an existential challenge to the Majors. If they are to remain investible – five, ten years from now – all will need to transition to business models that are aligned with the goals of the Paris Agreement. Luke Parker, VP of Corporate Analysis, considers what that transition might look like.

The US puts up the barriers to Chinese products

• 20 May 2024

China takes only a tiny share of the US markets for EVs, solar modules and steel. The Biden administration is signaling that it intends to keep it that way.

OPEC‘s challenge in 2020: balancing an oversupplied oil market

• 03 December 2019

Will oil demand growth recover in 2020? Is global supply still growing apace? How is US tight oil investment and production being affected by negative investor sentiment? Have the production cuts of 2019 balanced the market? Do they need to be extended or adjusted? Will fundamentals or geopolitics determine oil prices? We answer some of the big questions on OPEC’s agenda ahead of its December meeting in Vienna.

How AI is reviving the nuclear industry

• 30 September 2024

Surging electricity demand for AI is prompting companies and banks to look at building new nuclear power plants in the US. Government support will still be needed.

The potential impact of US tariffs on aluminium and steel markets

• 13 April 2018

We spoke with Thomson Reuters on the recent steel tariffs at their Global Base Metals Forum. Will they support the US steel industry? Read the Q&A.

Europe needs to change course to hit 2030 emissions target

• 18 February 2021

Europe’s new 2030 emissions target of a 55% reduction over 1990 levels has made it the undisputed global leader in climate ambition. However, with the region still a long way from achieving this rapidly approaching goal, dramatic changes are needed.

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.

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.

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.

China’s green ambitions can complement energy security and economic goals

• 18 March 2021

Wood Mackenzie’s latest report reveals that China’s march towards carbon neutrality by 2060 can complement both energy security and economic goals.

Artificial intelligence and the future of energy

• 27 June 2024

Artificial Intelligence is the next big thing in energy, dominating discussions at all levels in companies, banks, investment funds and governments. Prakash Sharma and I asked WoodMac’s experts what role AI might play in the energy and resources sectors and where the greatest opportunities and risks are.

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

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.

Brazil, giant oil projects and the Majors

• 26 November 2019

Big Oil’s risk appetite has changed. It needs to continue to replace reserves for the foreseeable future but is looking for lower risk options than exploration. Discovered resources can be part of the solution, though opportunities to develop a giant oil field such as Buzios in Brazil, in the heart of an industry hot spot, only come around once in a blue moon. So why the lack of bids from the Majors?

Energy transition outlook: Americas

• 21 April 2026

North America focuses on domestic resource value while recalibrating climate and competitiveness priorities.

Asia’s frozen upstream M&A sector begins to thaw

• 10 June 2021

Global upstream M&A is bouncing back. The recent increase in asset acquisitions saw North American deal flow hit its highest level since 2019, while across the rest of the world M&A activity is showing signs of a gradual – if uneven - recovery from the abyss of 2020.

The spread of the coronavirus shakes the world

• 28 February 2020

As the Covid-19 virus spreads to 52 countries, fears of its economic impact have sent stock markets and oil prices tumbling. This and more in Ed Crooks' Energy Pulse.

Will changing demand hamper North American refiners?

• 16 March 2017

Despite the prolonged low-price oil market over the past year, North American refiners have largely remained in good financial health — but changes in the supply and demand landscape are creating uncertainties.

The big themes on Big Oil’s mind

• 20 February 2026

Corporate Analysis insights on how the Majors are reshaping portfolios and finances to secure production and returns over the next decade

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.”

Is there more upside for oil prices in 2023?

• 13 April 2023

OPEC+ output cuts hasten market tightening

All eyes on OPEC meeting as group mulls easing of production restraint

• 01 December 2020

OPEC held its scheduled bi-annual meeting virtually on 30 November 2020. Though the group was unable to reach an agreement at that meeting, up for discussion is whether the production restraint would be eased starting 1 January 2021.

COP26 oil demand: in the cross hairs of emissions reduction

• 18 August 2021

Our COP26 briefing considers the implications for the oil market and refining industry of a global concerted effort to reduce emissions and limit a temperature rise by 2050 to 2 °C.

China economic slowdown: 3 reasons why it's different this time

• 15 April 2019

Three main reasons why the economic slowdown in China in 2019 is different from 2008. And what it means for global commodity markets.

Predictions for 2020

• 19 December 2019

For the last Energy Pulse of 2019, WoodMac experts have given their predictions of what to expect in 2020. Their forecasts include: a slowdown in US oil production growth; further asset sales by the large international oil companies; strong growth in solar power to give another record year for installations; mounting pressure from investors over climate risk and financial strength; rising carbon emissions, and a revival in awareness of the importance of metals to the energy transition. There are also our selections of the Quote of the Year and Chart of the Year.