Asia Pacific’s oil demand to fall in 2020 but could rise 25% by 2040

• 28 July 2020

According to a new report by Wood Mackenzie, oil products demand in Asia Pacific is expected to fall by 1.8 million barrels per day (b/d) year-on-year in 2020.

BP sets an ambition of becoming a “net zero company”

• 14 February 2020

BP sets an ambition of being a “net zero company” by 2050, gas prices slump in Asia, and world CO2 emissions are steady as US coal declines. Energy Pulse with Ed Crooks.

Strong gas demand raises questions over emissions

• 11 September 2023

As demand for gas grows, it poses challenges for global climate goals. Suppliers will come under increased pressure to curb their emissions.

Low-carbon tech: can direct air capture rise to the challenge?

• 18 January 2024

Like many emerging low-carbon technologies, DAC is expensive today (and tiny, under 0.05 Mtpa capacity worldwide) but could become a big deal in time.

Bullish outlook for US gas - LNG exporters face margin squeeze in glutted market

• 01 December 2016

The sharp response of the physical market to the arrival of cold weather suggests fundamentals are tight and prices could go higher, whether it’s a cold winter or not. There are four main reasons why.

Another milestone in the decline of coal in the US

• 22 November 2019

In this week's Energy Pulse with Ed Crooks, the closure of the Navajo Generating Station, coal’s resilience in China, and claims of breakthroughs in solar and batteries.

The greening of BlackRock: What it means for energy

• 17 January 2020

Discover how Blackrock’s new focus on sustainability and climate risk is transforming global energy finance and accelerating the shift to low-carbon solutions.

Capital discipline raises questions about US oilfield services

• 03 February 2023

Like E&Ps, oilfield services companies are prioritising cash generation and distributions to shareholders. It could be a constraint on the industry's growth.

International tensions shape COP27 climate talks

• 14 November 2022

COP27 is ongoing, but progress could be limited by the leaders of China and India staying away from the summit in Egypt

A timeline of major events in Ukraine-Russia gas relations

• 20 December 2019

The gas transit and supply contracts between Russia and Ukraine expire at 10 am on 1 January 2020 (Moscow time) – the future of Ukraine transit remains the largest uncertainty for global gas markets in 2020. We reflect on major events in Ukraine-Russia gas relations in this timeline, 2000 to 2019.

What changed energy markets in the 2010s?

• 14 January 2020

Can a decade be a turning point? So much happened in the energy sector, the 2010s might be seen as just that.

Is the Southern Cone gas industry finally ready for lift off?

• 05 November 2015

Brazil’s natural gas industry and that of its neighbors in the Southern Cone, such as Argentina and Chile, have labelled gas the ‘fuel of the future’. Has that future finally arrived?

What lies ahead for the oil markets in 2022?

• 19 January 2022

What are the themes and trends set to have the biggest impact on global oil demand, supply and refining in the year ahead? Which risk factors are top of our watchlist? Read ‘Oil markets: 5 things to look for in 2022’ to find out.

Oil price crash - where does Asia go from here?

• 17 March 2020

Oil demand has gone into a tailspin. We now expect Q1 global oil consumption to be 2.7 million b/d lower than the same period a year ago.

The rising hurdles for investment in upstream

• 30 April 2021

A healthy crop of oil and gas projects are up for FID in 2021. If they go ahead, the spend could reverse the downward trend in upstream investment. But sanctioning new projects is getting harder.

Webinar | From molecules to electrons: Trump 2.0 and the impact on the energy transition

• 03 December 2024

The 2024 US election result and an incoming Trump 2.0 administration arrive at a pivotal moment for the energy transition. As policies and priorities shift, their impact will ripple across the energy and natural resources sectors. This webinar mini-series dives into the heart of these changes, offering expert insights into how the outcomes could redefine the energy landscape. The mini-series consists of two webinars: molecules (oil, gas/LNG, carbon, hydrogen, and sustainable fuels) and electrons (renewable electricity, batteries, electrified transport, power markets and grid innovations).

There's light at the end of the tunnel for refiners

• 31 January 2019

The second half of 2018 was a very challenging time for refining. This weak commercial performance was due to a whole host of adverse market developments. Are these developments temporary or are they here to stay?

What does the oil price crash mean for you?

• 01 April 2020

How much do we think investment is going to fall this year, why is it different to the last price crash, and where are the costs most likely to be cut? Our team of global upstream experts tackles the industry’s burning questions in this 35-minute webinar.

What would an EU carbon border adjustment mechanism mean?

• 14 July 2021

The EU Commission proposed a carbon border adjustment mechanism (CBAM) as part of today’s “Fit for 55” package. James Whiteside, global head of multi-commodity research at Wood Mackenzie, said: “As the first mechanism of its kind, the CBAM is being designed in consultation with industry to avoid unintended consequences. “A CBAM that does not cover a substantial portion of the production chain will encourage carbon leakage - pushing emissions beyond the borders of the EU or shifting competition between EU and non-EU producers to the next stage of the value chain.”

How would a second wave of lockdowns affect oil and gas markets?

• 18 August 2020

The risk of a second wave of lockdowns is mounting, and with it the risk of an even deeper global recession. What would this mean for oil and gas market dynamics? And what are the implications for industry stakeholders?

A new model for M&A in US oil

• 06 October 2020

Consolidation is one way for the beleaguered shale industry to achieve badly needed cost cuts. Devon and WPX have shown one way it could be done

The making of a Megamajor – ExxonMobil acquires Pioneer Natural Resources

• 12 October 2023

ExxonMobil announced the acquisition of Permian powerhouse Pioneer Natural Resources for US$64.5 billion. This is the largest upstream deal, in nominal terms, since Shell acquired BG for US$82 billion in 2015. Get our industry experts' top takeaways on the deal.

Oil closes in on peak oversupply

• 28 April 2020

The steep decline in oil demand is putting the entire system under pressure. Will there be sufficient storage globally to cope? Will we see more production shut-in? What are the prospects for demand recovery? Find out more in this week's Edge.

Which Supermajors’ portfolios are most resilient?

• 16 September 2020

In an uncertain and volatile world, having upstream assets that can cope with both the highs and lows of oil prices is a priority

Energy Transition Service

Quantify the pace and change of the energy transition across all commodities, markets, technologies and segments.

Part 1: unlocking the value of refinery-petrochemicals integration

• 26 October 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?

Falling crude prices raise questions over US oil production

• 12 May 2025

Diamondback has warned of declining activity, but not every producer agrees

Upstream cost inflation is back

• 20 May 2022

Cost inflation for the upstream industry is running at levels not seen for a decade, or even longer in some sectors.

How India is redefining its energy future

• 17 February 2023

Investors eye up huge low-carbon and oil and gas opportunities.

Upstream KPIs turn positive

• 19 December 2017

We've had the best year for the oil and gas industry for some time: KPIs have turned positive. Brent looks set to end 2017 over US$60/bbl, up 40% from the summer lows.