Cost inflation is coming to the offshore installation market

• 02 March 2022

Higher utilisation rates coupled with moderate cost inflation will drive increases in vessel day rates year-on-year through 2026.

OPEC+ set for rollover but risk clouds supply outlook

• 30 June 2019

As OPEC and OPEC+ meet in Vienna, the outlook for the market is mixed, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie said. “Geopolitical risk means the supply outlook is tightening, offsetting the moderate weakening in oil demand growth thus far this year,” she said.

Conventional exploration – playing devil’s advocate

• 06 June 2017

Andrew Latham, our Head of Exploration Research, has built a global creaming curve for conventional exploration outside the USL48. Three themes stand out.

Advanced reactors promise a new era for nuclear power

• 09 June 2023

The complexities of construction and operation mean that hopes of low-cost nuclear power have often been disappointed. The industry now has a chance to break that cycle

OPEC+ surprises market as it extends output curbs

• 04 March 2021

OPEC+ took the market by surprise when it decided to roll over its quota, saying that rather than anticipate a demand recovery, the group would wait to see it actually recover. The market was expecting a substantial increase in production because a tightening in the supply and demand balance is already evident.

Veritas Capital completes acquisition of Wood Mackenzie

• 02 February 2023

Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced that an affiliate of Veritas has completed the purchase of Wood Mackenzie from Verisk (Nasdaq: VRSK).

OPEC+ strikes a deal to avoid oil glut

• 04 December 2020

The production cuts agreed by the OPEC+ group in April have been highly effective in rebalancing the oil market after the pandemic sent demand plunging. With hopes growing of a stronger rebound next year, some countries, led by the United Arab Emirates, have been calling for OPEC+ to stick to its plan to allow almost 2 million b/d of extra production in January. But demand is expected still to be weak in the first quarter at least, as the Covid-19 vaccines begin to be rolled out. An OPEC+ production increase of that size would have risked an oversupplied market and falling crude prices. Facing that risk, the OPEC+ ministers pulled back from the brink and agreed a production increase of just 500,000 b/d, to be reviewed for possible further increases every month.

Recycled polyolefins: how quickly can industry come together to unlock supply?

• 13 June 2023

The transition to a circular economy is priority for the plastics value chain.

Top 10 articles of 2022

• 10 January 2023

It was a fascinating and unpredictable year for energy and commodities. Take a look at our top 10 most popular articles from the year.

Ten predictions for 2023

• 16 December 2022

After a tumultuous year, Ed looks ahead to 2023 with a selection of Wood Mackenzie analysts predictions

OPEC producers key to world supply through to 2040

• 16 July 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.

Webinar | Investing in Africa's energy transition

• 25 September 2024

Join Wood Mackenzie as we explore investing opportunities in Africa's energy transition

US$210bn of new spend in firing line as players target cost cuts

• 02 April 2020

The oil price crash has hit the upstream sector hard. Deep cuts are being made across the board, but it will have a dramatic impact on the industry’s project pipeline. Global natural resources consultancy Wood Mackenzie believes almost all pre-FID projects will be deferred. Of the 50+ projects we identified with potential to go ahead this year, only 10 have a chance of proceeding, but all are at risk.

Playing by new rules: how the CBAM will change the world

• 21 September 2023

The CBAM will reshuffle global trade – who will be the winners and losers?

Polyamide (PA6, PA66)

Understand the commercial and strategic drivers of polyamide supply/demand, price & volume forecasts, and leading market trends for both intermediates, polymers, and its applications.

Up to 7 mmtpa of spare capacity available at North West Shelf by 2027

• 07 September 2020

Wood Mackenzie’s latest report shows that the North West Shelf (NWS) LNG project could have up to 7 million tonnes per annum (mmpta) of spare capacity available by 2027. This equates to 40% of the project’s nominal capacity.

Metals and mining: is caution the watchword for 2023?

• 24 January 2023

Margins cool for metals and mining in 2023. How will companies respond? And how does the picture vary across commodities?

Horizons Live: Scraping the barrel

• 07 March 2023

On this Horizons Live replay, Simon Flowers, Chairman and Chief Analyst, is joined by Andrew Latham, Vice President, Energy Research and Ann-Louise Hittle, Head of Macro Oils to discuss whether the world is running out of high-quality oil and gas.

New regulations to fast-track Brazil FPSO deployment and boost pre-salt oil production

• 20 June 2018

Brazil's new local content regulations could fast-track the deployment of FPSO units, speeding up the pace of pre-salt oil production by more than 21 billion barrels by the mid-2020s, a new report by Wood Mackenzie analysing the impact of new local content rules on production, royalty collection and job creation has found.

COP27: on the horns of the energy trilemma

• 03 November 2022

COP27 in Egypt focused on short-term decarbonisation goals and dialogue between developed and developing nations.

Global PV inverter shipments grew by 10% in 2024 to 589 GWac

• 10 July 2025

Global PV inverter shipments grew by 10% to 589 gigawatts alternating current (GWac) in 2024. Asia Pacific, led by China, accounted for nearly all global growth, while the US and Europe declined.

Biden and Xi build bridges on energy

• 20 November 2023

After years of deteriorating relations, the US and China have opened new paths for communication and cooperation on energy and climate.

China leads global wind turbine manufacturers’ market share in 2023

• 01 May 2024

China accounted for 65% of global wind capacity in 2023, which pushed four Chinese wind turbine original equipment manufacturers (OEM) into the top five global rankings, a first for the sector. With a record of 16.3 gigawatts (GW) capacity installed, Goldwind maintained the leading position for the second consecutive year.

Electric vehicles – the story so far

• 10 October 2018

How will the rise of electric vehicles impact the future of transport and the natural resources industry? In 2018, our experts have been exploring what that means for oil, metals and power markets around the world.

Shell dividend cut frees up US$10bn

• 30 April 2020

Anglo-Dutch supermajor Shell today slashed its dividend by 66%, the first time the company has cut cash distributions to shareholders since World War II. The annual pay-out will fall from US$14.9 billion to US$5.1 billion, freeing up US$10 billion of capital.

Why the transition needs smart upstream taxes

• 03 April 2024

How to develop a low-carbon energy system and maximise revenue from a mature oil and gas province? Many countries face the challenge the UK is trying to deal with today. Its two main political parties have upped the ante on tax rates ahead of an election - and run the risk of stifling investment.     How much investment is threatened? Is there a fiscal system that works for both upstream and low carbon? Can other countries learn from the UK?

A new toll on global energy: Can Iran permanently control the Strait of Hormuz?

• 13 May 2026

What happens if the Strait of Hormuz never fully reopens?

Upstream oil & gas: region-by-region predictions for 2025

• 08 January 2025

Improving upstream sentiment comes at a time of high geopolitical tensions, and both supply and demand concerns. Near-term price weakness may belie longer-term market strength, setting 2025 up to be a year of mixed messages.

Global Gas Model

The Global Gas Model runs global gas market simulations under various supply, demand, piped, storage, contract sales and producer behaviour assumptions.

China’s solar exports booming, up 64% in 2022 despite global trade tensions

• 23 May 2023

China’s solar exports grew 64% to US$52 billion in 2022 despite global trade tensions, according to latest analysis from Wood Mackenzie.