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Global upstream update: diverging development strategies in Latin America, investment at risk in Africa, and Kazakhstan supply tensions explained

17 6月 2025

Our Global Upstream Update presents timely analysis of key industry topics from our regional experts situated around the world.

The Edge

Saudi attack, geopolitics and oil markets

20 9月 2019

The attack on Saudi Arabia’s oil infrastructure took out over 5% of global oil supply and temporarily pushed up prices by 20%. What does the attack say about the security of oil’s supply chain?

Opinion

Preparing for ADIPEC 2024: 3 crucial questions answered

25 10月 2024

ADIPEC will take place from 4-7 November in Abu Dhabi. The event will focus on the role of energy in driving a comprehensive transformation that benefits people, the planet, and our collective prosperity.

Opinion

Oil producers cautious as recovery hopes rise

20 11月 2020

Good news on Covid-19 vaccines points to a rebound next year, but there are still some difficult months ahead

Featured

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

24 6月 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?

The Edge

Venezuela’s slump, Iran sanctions, oil prices

15 5月 2018

Global oil supply will break through the 100 million b/d mark for the first time later this year. Producers the world over, through innovation and risk-taking, have invariably contrived to meet the unstoppable train that is demand growth.

The Edge

Could Iran sanctions see Brent spike to U.S.$100 a barrel?

07 11月 2018

Could Iran Sanctions See Brent Spike to U.S.$100 a barrel? The oil market faces a precarious few months. The imposition of U.S. secondary sanctions on Iranian exports on November 5 is the critical factor behind Brent’s rally to more than U.S.$80 a barrel in October. There’s enough supply to meet demand this winter, but the margin for error is worryingly narrow.

Comment

What next for the oil market as the US reimposes sanctions on Iran?

06 11月 2018

What next for the oil market as the US reimposes sanctions on Iran?

Featured

The EU’s new carbon tax at the border

31 1月 2020

The European Commission is proposing a new emissions-based import duty to prevent “carbon leakage”, but could face opposition from the US. This and more from Ed Crooks in this week's Energy Pulse.

Comment

Qatar eyes LNG top spot as it primes 64% output boost

26 11月 2019

On 25 November, Qatar Petroleum (QP) announced that it will boost output from Qatar LNG by 64% - from 77 million tonnes per annum (tpa) at present to 126 million tpa by 2027 – following a successful appraisal of the North Field’s onshore extension, near Ras Laffan Industrial City.

Featured

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

20 7月 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?

The Edge

What the Middle East conflict means for oil and LNG

03 10月 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?

Opinion

Middle East leads the pack in 2018 FID bonanza

15 4月 2019

11 projects sanctioned in the Middle East as producers look to take advantage of the lower cost environment. What’s behind the boom?

Opinion

Tensions over “green protectionism” emerge at COP28

01 12月 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.

Featured

What does 2020 hold for the global upstream oil and gas industry?

08 1月 2020

What does 2020 hold for the global upstream oil and gas industry? 2020 is a year of what-ifs for producers and suppliers; uncertainty will keep spending low and growth slow.

News Release

Major energy exporters race to lead in global hydrogen trade

28 10月 2021

The time is ripe for the world's major energy exporters to accelerate the energy transition, and mastering the hydrogen trade could make a difference, says Wood Mackenzie.

Featured

Upstream oil and gas: top trends and wildcards to watch in 2022

13 12月 2021

The oil and gas sector bounceback is set to continue – but the positive outlook is tempered by concerns about its future in a decarbonising world. Find out how global trends could play out in your region in our 2022 Outlook series.

Opinion

Ceasefire in the Israel-Iran conflict

27 6月 2025

Oil and gas prices have fallen following the ceasefire in the Israel-Iran conflict. Market fundamentals are regaining their influence

Opinion

What the conflict between Israel and Iran means for energy

16 6月 2025

Missile strikes and rising tensions between Israel and Iran are shaking global energy markets - discover what it means for oil, gas and power

Opinion

China’s solar growth sends module prices plummeting

05 4月 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.

Opinion

Russia sanctions begin to threaten energy flows

08 3月 2022

The US administration has suggested possible restrictions on imports of Russian oil. “Self-sanctioning” is already starting to have an impact

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Your search for opec has returned 51 results

Global upstream update: diverging development strategies in Latin America, investment at risk in Africa, and Kazakhstan supply tensions explained

Saudi attack, geopolitics and oil markets

Preparing for ADIPEC 2024: 3 crucial questions answered

Oil producers cautious as recovery hopes rise

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

Venezuela’s slump, Iran sanctions, oil prices

Could Iran sanctions see Brent spike to U.S.$100 a barrel?

What next for the oil market as the US reimposes sanctions on Iran?

The EU’s new carbon tax at the border

Qatar eyes LNG top spot as it primes 64% output boost

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

What the Middle East conflict means for oil and LNG

Middle East leads the pack in 2018 FID bonanza

Tensions over “green protectionism” emerge at COP28

What does 2020 hold for the global upstream oil and gas industry?

Major energy exporters race to lead in global hydrogen trade

Upstream oil and gas: top trends and wildcards to watch in 2022

Ceasefire in the Israel-Iran conflict

What the conflict between Israel and Iran means for energy

China’s solar growth sends module prices plummeting

Russia sanctions begin to threaten energy flows