A wild ride ahead for petchems?

• 04 March 2017

Steve Zinger discusses the five market changes which are set to make waves in the global petchems markets.

Complete ban on Russian commodity exports accelerate LNG growth and energy transition

• 16 June 2022

War in Ukraine is transforming the outlook for the supply, demand and price of hydrocarbons and the pace and cost of the energy transition. While the precise timing and implementation of future bans on Russian commodity imports are difficult to predict, a rewriting of energy trade flows is now underway.

North America crude markets, the outlook for oil and the Russian gas route to market

• 30 July 2019

Hot topics from our most popular reports: Permian cube development potential, a long-term outlook for oils and Russian gas infrastructure and production hotspots

Polyethylene

Gain a comprehensive view of global supply and demand, price forecasts and petrochemical feedstock trends.

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.

Tensions over “green protectionism” emerge at COP28

• 01 December 2023

Countries including China and India want the climate talks to address unilateral measures such as the EU’s CBAM and the US Inflation Reduction Act.

Gas price signals show need for increased supply

• 17 September 2021

European gas prices have been hitting record highs and prices have been soaring in Asia. It's clear the market needs more gas. The US has the resources to meet that demand, but has hurdles to overcome

What the Middle East conflict means for oil and LNG

• 03 October 2024

With escalating Middle East tensions involving Iran, the geopolitical risks are high, yet oil, gas, and LNG market responses remain muted. How much production is at risk? What vulnerable infrastructure points could disrupt supply? Why has the price reaction been subdued compared to recent regional flashpoints?

How do the Majors stack up in the Lower 48?

• 16 October 2018

The Major oil and gas companies have made big strategic bets on the US Lower 48's unconventional plays. The scale, returns and investment flexibility offered by tight oil and gas has made it an essential part of most major players’ portfolios. But how do the players compare to each other?

Is the world sleepwalking into an oil supply crunch?

• 16 July 2021

Where new oil supply to 2030 will come from and what it costs

Upstream FIDs pushes on with lower costs

• 05 April 2018

As previously forecasted by Wood Mackenzie, 2017 saw a significant recovery in upstream FIDs, with the number of project sanctions more than doubled compared to 2016. Wood Mackenzie expects a similar total this year - circa 30 major project FIDs - supported by continued prudence in industry spending.

Russian refining outages surge on Ukraine drone attacks: three key questions answered

• 21 March 2024

Russian waterborne product exports see substantial cuts, will crude loadings be next?

Market searches for new Henry Hub ceiling price as supply/demand response remains unusually muted

• 22 April 2022

The recent run up in natural gas prices - hitting its highest at Henry Hub since 2008 - is a result of more muted market balancing mechanisms than in the past, say analysts from Wood Mackenzie, a Verisk business (Nasdaq: VRSK).

How the worst oil price crash in history changed the upstream industry

• 24 June 2020

The oil price crash has wiped US$1.6 trillion off our valuation of the global upstream industry. This captures the impact of our downgraded long-term Brent price assumption – now US$50/bbl (2020 terms), previously US$60/bbl – and much more. Which regions and players have been hit hardest? What measures have been taken to survive?

Energy Pulse: in brief (11th August)

• 11 August 2023

Standout oil well performance in New Mexico, Saudi Aramco confirms its new dividend plan, the EU backs CCUS projects, the latest on superconductivity hopes, and more

Industry slashes spending as price rout deepens: Can companies cope?

• 19 March 2020

Survival mode has returned to the oil and gas sector as the oil price rout deepens. Corporate financials are in better shape than during the 2014/2015 crash, but room for manoeuvre is limited. Can companies cope with prices this low?

Ethylene

Gain essential insight into supply/demand, capacity developments and price forecasts to understand today’s markets and tomorrow’s trends.

OPEC's surprise production cut

• 06 December 2019

The OPEC+ group's flexible approach to managing the market is good for prices in the short term, but creates uncertainty beyond 2020. Get the latest analysis of today's OPEC announcement from Ed Crooks with Ann-Louise Hittle, head of macro oils.

No country for oil men (and women)

• 30 January 2025

UK and EU energy policies risk undermining energy security and economic growth by discouraging domestic oil and gas investment, increasing reliance on costly imports and jeopardising net zero goals. Discover how regulatory uncertainty, high taxes and declining North Sea production threaten the future of Europe’s energy transition.

Gas and LNG: global and regional predictions for 2024

• 17 January 2024

The global gas and LNG market rebalanced in 2023 – perhaps more than many expected. What key themes will define 2024?

OPEC+ aims for balance as it rolls over output curbs

• 02 July 2019

Speaking as the OPEC and OPEC+ meetings ended in Vienna today, Ann-Louise Hittle, vice president, Macro Oils, at global natural resources consultancy Wood Mackenzie, said: “The agreement to roll over production restraint was a foregone conclusion after the green light from Russia’s president, Vladimir Putin, at the G20 meeting for continued production restraint."

Macro Oils Service

Easily understand trends in the global oil market with our informed, independent view on oil prices and their key drivers.

Identifying key risks and uncertainties in 2020

• 17 December 2019

Energy markets are in the midst of profound change – we're getting used to that. But what big, identifiable key risks might lurk in the shadows in the next 12 months that could make us change our view for 2020 and beyond? Here are five.

Crisis in Ukraine: the global risks to commodities

• 25 February 2022

The invasion of Ukraine has had an immediate effect on the global economy and markets. What are the lasting implications for commodities?

Deeper OPEC+ supply cuts sends supportive signal to markets

• 06 December 2019

After a marathon meeting, running late into the night of 5 December, the OPEC+ group has agreed to continue its current production restraint of 1.2 million barrels per day (b/d), and will add a further 0.5 million b/d of supply cuts through to March 2020.

Macro Oils Service

Easily understand trends in the global oil market with our informed, independent view on oil prices and their key drivers.

OPEC+ plans to boost oil production

• 07 June 2024

The OPEC+ countries are taking on the delicate task of trying to raise oil production without crashing the market. They are starting cautiously, but the global economic outlook holds plenty of downside risks for demand and prices.

Stepping on the gas: the state of global methane policies and regulations

• 19 September 2024

As the world struggles to reduce greenhouse gas (GHG) emissions, international attention has turned to methane.

OPEC+ ‘no deal’ a blow to the market

• 06 March 2020

The OPEC+ meeting broke up without a deal, what does it mean for the markets?

Extended production cuts show OPEC's enduring influence over oil

• 08 March 2024

It has been written off many times, but the oil producers' group remains relevant. In the long term, its influence could grow.