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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?

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?

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.

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.

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.

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?

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?

News Release

Oil price rout: which supply is most at risk of shut-in?

27 3月 2020

The coronavirus pandemic is reducing oil demand. The OPEC+ production restraint agreement fell apart on 6 March and Saudi Arabia is rapidly increasing supply. The result: Brent crude has plunged to less than US$30/bbl. This will have a significant impact on currently producing fields and future supply. How low can the price go before different sources of production become uneconomic? Where are production shut-ins most likely? Can governments influence the result?

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?

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.

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

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.

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.

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 46 results

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

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

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

Venezuela’s slump, Iran sanctions, oil prices

The EU’s new carbon tax at the border

Middle East leads the pack in 2018 FID bonanza

What the Middle East conflict means for oil and LNG

Oil price rout: which supply is most at risk of shut-in?

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

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

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

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

Tensions over “green protectionism” emerge at COP28

Major energy exporters race to lead in global hydrogen trade

China’s solar growth sends module prices plummeting

Russia sanctions begin to threaten energy flows