OPEC producers key to world supply through to 2040

• 16 7月 2018

Global natural resources consultancy Wood Mackenzie sees OPEC maintaining its role as a key oil supplier through to 2040, although output from non-OPEC producers will help ensure adequate supply in the years to 2030.

China's mega crude-to-chemicals projects may deal knockout blow to regional PX exporters

• 21 8月 2018

Higher base chemicals demand and feedstock security for heavy naphtha are driving the development of a new wave of mega-integrated refinery and chemical sites in China. Private Chinese chemical producers, including Hengli and Rong Sheng, are back-integrating their chemical plants with refineries by building mega-integrated facilities. Wood Mackenzie expects these projects to come on stream in the next 12 to 24 months.

India to overtake China as world's largest oil demand growth centre by 2024

• 03 9月 2018

India's oil demand is expected to grow by 3.5 million barrels per day (b/d) from 2017 to 2035, accounting for one-third of global oil demand growth. India's demand is driven by rising income levels, an expanding middle class and a growing need for mobility.

India to double oil products growth in 2018

• 19 1月 2018

India is poised to double its oil product demand growth (190 kb/d) in 2018 after a sluggish 2017, when demand grew by only 93 kb/d. Last year, demand growth was at its slowest in the past three years.

Australasia - Five themes to look out for in 2019

• 19 12月 2018

As 2018 draws to a close, Wood Mackenzie's experts discusses five key themes to look out for in Australasia's oil and gas industry in 2019.

How Chinese PTA and MEG futures impact the polyester industry?

• 30 1月 2019

The two polyester feedstocks – purified terephthalic acid (PTA) and monoethylene glycol (MEG) – in the world's most important polyester market China, have recently moved towards a total paper business.

Commodity slowdown in China could be different this time

• 05 3月 2019

In today's meeting of the National People’s Congress, China announced slower growth this year, with its gross domestic product (GDP) growth targeted at a range of 6 to 6.5% in 2019.

China's refining sector to slowdown and reconfigure for energy transition

• 15 3月 2019

Refinery capacity is expected to continue growing in the medium term, but the pace of growth is expected to slow down considerably. Capacity additions are mainly from crude-to-chemicals projects, which aim to maximise naphtha production to meet the increasing petrochemical feedstock demand.

Automotive sales trends suggest higher oil demand in medium term

• 04 4月 2019

The vehicle industry’s shift towards cleaner technology is poised to throw a wrench in the oil market – but likely not for another decade. Demand growth from light vehicles and two-wheelers, a key sector which accounts for roughly 30% of the near 100 million b/d in global crude consumption, are expected to slow down over the next 10 years, and eventually begin to decline after 2030, with the rapid adoption of electric vehicles (EVs).

Aramco's $10bn bond underscores its vast global ambitions

• 01 4月 2019

Saudi Aramco’s decision to issue a $10 billion bond underscores how serious the company is about transforming itself into an international powerhouse across the oil and gas value chain, from upstream to petrochemicals.

Webinar: IMO 2020 impact on upstream producers, LNG and bulks

• 07 5月 2019

Join us on this upcoming webinar where our industry experts will discuss how and where the ripples will be felt as we edge nearer to the implementation date of 1st January 2020.

Webinar | China Slowdown and Why This Time is Different

• 30 4月 2019

Join the webinar and learn how China's commodity demand has evolved, what options the government has to support growth, and what the impact on oil, gas and coal will be short and long-term.

PES refinery fire halts gasoline production

• 21 6月 2019

A large fire at the Philadelphia Energy Solutions (PES) oil refinery in Philadelphia has halted gasoline production at the complex.

PES to close oil refinery after fire damage

• 26 6月 2019

Philadelphia Energy Solutions (PES) will close its oil refinery in the city, following a large fire last week that damaged the complex.

Webinar | The deepwater recovery: are we entering a new cycle?

• 18 7月 2019

Please join the Upstream Supply Chain team's upcoming webinar to hear the latest forecasts and trends driving the offshore oil and gas market.

No-Deal Brexit won’t sound death knell for UK refiners

• 23 8月 2019

Despite speculation that a No-Deal Brexit would have a severe impact on the UK refining industry, Wood Mackenzie’s analysis indicates that while the sector’s dynamics would shift and margins will narrow, it would not be crippled.

Attack on Saudi Arabia's oil facilities

• 16 9月 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.

Featured Reports

• 09 8月 2018

We're highlighting our most popular reports. Gain instant access to detailed data — by the numbers and with visualisation — to address business challenges and make better, more strategic decisions.

Webinar | After the crash: what's changed in Latin America upstream?

• 23 6月 2020

Latin America quickly responded to the oil market downturn. NOCs and Majors cut production and pushed back imminent FIDs. However, as Latin America has many large developments that break even below US$40/bbl, several projects are still under operators’ priority list. • Investments: The region is among the largest capex cut globally. How much has development spend been cut? • Production: We expect a 7% reduction in 2020. What are the long-term implications? • Economics: Latin America upstream NPV10 down by a third. Which resource themes have been hit the hardest? • Corporate: Are Latam NOCs prepared for the tough road ahead?

Webinar | Global Oil Market Implications

• 09 3月 2020

Rapidly reacting to the oil market price crash, our experts discussed the immediate drivers influencing the market today and what we expect to happen as this continues to unfold. Our Vice Chair - Americas, Ed Crooks was joined by a panel of Wood Mackenzie’s experts to discuss: Immediate repercussions of the OPEC+ group failing to reach a deal Lessons learned from previous oil price crashes - what's different this time? The Lower 48 fallout - what happens next? The Corporate response - what does it mean for the industry's biggest players

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

• 20 1月 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?

Webinar | Shale service costs in 2020: what is the market telling us?

• 27 1月 2020

Last year, costs fell by double-digit percentages for several major spend categories. However, today’s cost environment is considerably different from twelve months ago. Will the deflationary period stick around, or should we expect a change in 2020? During the webinar, our analysts covered topics such as: • Which cost categories fell the most last year, and what was the influence on overall well costs? • E&P budgets will reset in January and, in our view, reverse the rig count freefall. But should we expect costs to turn around as a result? • What could force service costs higher, and when could we expect the market to change? • If costs increase, which components are most at risk and what’s the economic impact?

India's 2020 energy outlook

• 23 1月 2020

India's 2020 energy outlook

Macroeconomics

Understand the interplay between commodities and the economy with macroeconomics analysis to help forecast the pace of global economic development to 2035.

Smooth sailing or rough seas? IMO to cap sulphur in 2020

• 09 5月 2017

Our experts weigh in on the changes that the IMO regulations could bring.

Taking a closer look at Trump's blueprint for US energy

• 27 1月 2017

Our analysts take an early look at the expected resolution and implications of key policies spanning oils and refining, gas, and coal.

For a few dollars more – OPEC’s shifting stance

• 13 10月 2016

OPEC’s plan for production cuts signals a desire to support prices, even if the battle to wrest control of the market seems barely half won.

Upstream needs to learn from Downstream

• 15 2月 2017

If oil markets remain oversupplied and prices modest, there’s much Upstream operators can learn from Downstream, which has emerged thriving from the doldrums of a decade ago.

M&A markets: passing the refinery bucks

• 14 2月 2017

For some industry players, owning refinery capacity is no longer the necessity it used to be, while for others it has become central to business success.

How M&A markets are passing the refinery bucks

• 07 2月 2017

Chris Shepley, Head of Downstream Consulting, discusses recent trends in refineries and M&A markets.