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’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.

The energy transition sparks new interest in copper mining

• 09 February 2024

A startup backed by Bill Gates hopes to accelerate copper development in Zambia, to increase supplies needed for low-carbon energy.

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

Oils & chemicals: 5 things to watch for in 2025

• 11 December 2024

Our view of the year ahead, including the impact of Trump's re-election on our oil price forecast, a look at refining margins, ethylene capacity and China's overcapacity affects downstream chemicals markets.

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.

Can emissions taxes decarbonise the LNG industry?

• 11 April 2024

The LNG industry is facing growing pressure to decarbonise. But this can't be achieved without major investment, pushing up the price of delivered LNG. Buyers have so far been reluctant to pay a premium for low-carbon volumes. Taxing LNG emissions could change this. Europe is leading the way, with the EU taxing the fuel emissions of LNG vessels from this year.  While an important first step, much more is required for the industry to decarbonise at scale.

Part 2: unlocking the value of refinery-petrochemicals integration

• 02 November 2023

We are at an unprecedented point in time where the entire commodity petrochemicals industry is in a downturn. Where do we expect chemical margins to end up this year and what can producers do to tide through the downturn?

Could Africa become the home of green metals?

• 29 June 2021

The Inga hydropower scheme in the Democratic Republic of Congo (DRC) could be the key to the green electrification of Africa. But could the project also be a catalyst for the development of vast underutilised resources, creating a centre for low carbon metals production?

A window opens for OPEC+ oil

• 20 June 2024

Based on our analysis of supply and demand, a window is opening to absorb more OPEC+ oil.

Black gold to green future? Incentives uncertainty clouds Pathways Alliance economic feasibility

• 14 February 2024

World’s largest CCUS project up for FID in 2025, but long-term incentives in question

Policy changes threaten California’s solar industry

• 28 January 2022

Distribution generation has grown rapidly in California, Brent Crude breaks US$90 a barrel, and winners and losers from an accelerated energy transition.

The ageing process: carbon emissions and asset maturity

• 22 February 2017

The carbon emissions targets set by the Paris Agreement look set to have far-reaching implications for long-term corporate strategies.

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.

Ethylene Oxide, EODs & Glycols

Identify commercial opportunities and evaluate long term trends with market-leading research on ethylene oxide, glycols and other ethylene oxide (EOD) derivative industries.

Horizons Live: Conflicts of interest

• 14 May 2024

Transitioning to a net zero global economy is a monumental investment challenge. Meeting the challenge, already an outside bet, will have to happen against a less favourable monetary backdrop than the world has been used to since 2009. This month's Horizons live panel discuss the cost of investing in the energy transition in a high-interest-rate era.

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.

Has Covid-19 left the apparel industry hanging by a thread?

• 01 July 2020

Fibres markets have been hit hard by coronavirus, and the apparel sector – where 55% of total fibre volume was consumed in 2019 – is where the value chain has been most exposed.

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?

炼化一体化

• 07 September 2020

从独特的视角深入了解炼化一体化资产

Biden’s climate plans aim at job creation

• 29 January 2021

The president wants to support renewables and EVs, while having little immediate impact on oil and gas

China’s solar growth sends module prices plummeting

• 05 April 2024

Excess capacity has sent solar panel prices tumbling. In the early 2010s, the stretch goal was to get the cost down to 50c a watt. Now they are selling in China for just 11c. That is great for solar deployment, but less good for manufacturers.

The changing global crude trade landscape

• 28 November 2018

Over the next five to six years global crude trade is expected to significantly change. This will impact the entire chain, from producers to investors. In this three part series, we look at the global story, the six key themes and finally, we focus on the likely impacts for Asia.

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.

Washington tariff dispute creates uncertainty for US solar

• 05 May 2023

Congress and President Biden are at odds over possible new duties on modules imported from Southeast Asia

Trump's latest China tariffs - what do they mean for metals and mining?

• 10 May 2019

The U.S has increased tariffs on $200bn of Chinese goods to 25%, from 10%, impacting a number of metals. Commentary below comes from the Wood Mackenzie metals team:

Collapsing demand sets the terms in the OPEC+ battle for market share

• 09 April 2020

Since OPEC+’s failure to agree on production restraint on 5-6 March, the implications of the Covid-19 pandemic have become far clearer, sparking a crisis in the oil market as prices fell and supply ramped up. The problem for these producers is the scale of the fall in oil demand, especially during April and forecast for Q2 2020. No matter the size of the varying forecasts, they all point to a challenging market that puts pressure on storage space and prices.

Why Covid-19 is the ultimate energy transition stress test for refiners

• 20 July 2020

Covid-19 is a threat to global refiners. Who will thrive? Who will merely survive? And what does this tell us about refiners’ resilience and readiness to take on the energy transition?

What's behind Libya's production boost?

• 20 October 2017

Libya's oil production has increased steeply from August 2016’s low point of below 300,000 barrels per day (b/d) to around 850,000 b/d at present, passing the 1 million b/d barrier in July. But Wood Mackenzie believes Libya may now be reaching its near-term production limits and future growth will be gradual.

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.