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Oil and refining market implications of Israel’s strike on Iran

16 6月 2025

Explore the ripple effects of Israel's attack on Iran's nuclear program and how it could reshape global oil markets and geopolitical dynamics in the Middle East

Opinion

What carbon capture needs to meet climate goals

11 10月 2024

What can we expect in the world of energy in 2024. A solar slowdown, relief for OPEC+, and the rise of blue hydrogen are among Wood Mackenzie analysts’ predictions for the year ahead.

The Edge

Seven days that shook the world

13 3月 2020

The coronavirus outbreak has derailed OPEC+, thrown the oil market into turmoil and sent an already unloved sector into freefall. What are the implications?

The Edge

How the price war is hurting US tight oil

26 5月 2020

Arresting the explosive growth of US tight oil was a clear target of the price war after the OPEC+ meeting collapsed in March. What's been the effect on drilling and investment? How much will production fall and how quickly? Will tight oil recover and get back on a growth path? Find out more in this week's Edge.

The Edge

How high can the oil price go in 2021?

18 6月 2021

The oil price has been on a bull run for over a year. Fundamentals are improving with oil demand bouncing back towards pre-pandemic highs as the global economy recovers. But OPEC+ is also playing a key role in rebalancing the market after the crisis of 2020. How much further could prices go?

News Release

Energy transition to drive refinery and petrochemicals integration

16 2月 2021

2020 was a difficult year for the world’s refineries as the coronavirus pandemic reduced refinery utilisation and OPEC+ supply restraint narrowed crude price differentials. Despite this, integrated refinery and petrochemical sites significantly outperformed their fuels-only peers, according to Wood Mackenzie.

Comment

Attack on Saudi Arabia's oil facilities

16 9月 2019

This attack has material implications for the oil market, as a loss of 5 million barrels per day of supplies from Saudi Arabia cannot be met for long by existing inventories and the limited spare capacity of the other OPEC+ group members. A geopolitical risk premium will return to the oil price.

Opinion

Price swings ripple through North American oil markets

01 7月 2025

Lower price environment will affect US supply, exports, and investments.

Opinion

Latin America: 5 things to look for in 2025

07 1月 2025

The Latin America upstream sector will continue with its successful track record of expanding production but will also face challenges in 2025.

Opinion

Nuclear power needs a way to break the stalemate

25 6月 2024

Political support is a necessary but not sufficient condition for a revival in investment in new reactors in the US.

Webinar

Webinar | Middle East and North Africa Upstream

20 2月 2024

2023 was a year in which the Middle East and North Africa (MENA) region consolidated 2022’s gains. 2024 heralds much uncertainty: an expansion of OPEC quotas will impact short term oil production across the region while capacity expansion continues apace.

Opinion

2020: the new oil sector supplier crunch bites

14 4月 2020

The 2020 oil price crash is very different from the 2015 crash. Supply chain leaders will need to consider their contingency plans.

Opinion

Can the North Sea oil and gas industry survive the downturn?

23 3月 2020

The coronavirus pandemic and collapse in OPEC+ production restraint has seen Brent reach its lowest point since 2003. Can the North Sea weather the storm?

The Edge

How the oil market would deal with the return of Iranian exports

16 4月 2021

The return of Iranian exports to the oil market in 2021 was a clear risk. If sanctions are lifted, how much oil could Iran produce and how quickly? What wiggle room would OPEC+ have to accommodate Iran's exports? What would be the effect on the oil price?

Editorial

Will changing demand hamper North American refiners?

16 3月 2017

Despite the prolonged low-price oil market over the past year, North American refiners have largely remained in good financial health — but changes in the supply and demand landscape are creating uncertainties.

Content

The oil market in crisis

16 3月 2020

The coronavirus outbreak derailed OPEC+, threw the oil market into turmoil and sent an already unloved sector into freefall. We addressed some of the most frequently asked questions about the oil price crash and what it meant for the energy sector.

Comment

Can the North Sea survive the price rout?

23 3月 2020

The North Sea has weathered several storms in its 50-year existence. But the events of the past few weeks mean the sector is entering uncharted waters. The coronavirus pandemic and collapse in OPEC+ production restraint has seen Brent reach its lowest point since 2003.

The Edge

Can China’s recovery turn the oil market around?

15 6月 2023

Government starts pulling the levers to bolster the economy

Webinar

Webinar | Global Oil Market Implications

09 3月 2020

Rapidly reacting to the oil market price crash, our experts discussed the immediate drivers influencing the market today and what we expect to happen as this continues to unfold. Our Vice Chair - Americas, Ed Crooks was joined by a panel of Wood Mackenzie’s experts to discuss: Immediate repercussions of the OPEC+ group failing to reach a deal Lessons learned from previous oil price crashes - what's different this time? The Lower 48 fallout - what happens next? The Corporate response - what does it mean for the industry's biggest players

Opinion

5 things you need to know about MENA upstream oil and gas

21 1月 2019

What's in store for the upstream oil and gas industry in the Middle East and North Africa? Find out what projects and regions our MENA upstream will be watching closely in 2019.

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?

The Edge

Is the world sleepwalking into an oil supply crunch?

16 7月 2021

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

Editorial

How will peak oil demand affect the upstream industry?

20 10月 2017

With the world now considering a structural decline in oil demand, will upstream interest and investment in exploration be reduced?

News Release

Oil market uncertainty could significantly affect prices

24 2月 2025

Wood Mackenzie projects that Brent crude oil prices will average $73.00 per barrel (bbl) in 2025, according to its latest market outlook. The forecast considers various geopolitical and economic factors, including potential peace talks between Russia and the US regarding the Ukraine conflict, ongoing tariffs, and sanctions against Iran.

News Release

Oil prices likely to be lower in 2025 than last year

18 3月 2025

Brent crude oil prices are projected to average $73 per barrel in 2025, down $7 per barrel per barrel from 2024, according to Wood Mackenzie’s latest monthly oil market outlook. The $73 per barrel forecast for this year is revised down $0.40 per barrel from the early February monthly report.

The Edge

Three years on from the crash

25 7月 2017

2017 is set to be to be the third year Brent has traded at under half the heady levels of 2014.

Opinion

Middle East and North Africa upstream: 5 things to look for in 2024

10 1月 2024

With COP28 recently completed in the UAE, there is elevated interest in progressing diverse clean energy strategies in the MENA region.

Editorial

Perfect storm sees May WTI settle in negative territory

21 4月 2020

May WTI futures settled at -$37.63 on April 20. Get the latest analysis from Ann-Louise Hittle, vice president, Macro Oils.

The Edge

Brent’s rally toward US$60/bbl – a false dawn?

10 10月 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.

The Edge

What higher oil prices in 2024 could mean for the economy and politics

14 9月 2023

The oil market has come to life, with prices finally delivering on our expectations for 2023. Our oil experts, Ann-Louise Hittle and Alan Gelder, join Simon Flowers to discuss where the market goes from here and what this could mean for the economy and politics.

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Your search for opec has returned 348 results

Oil and refining market implications of Israel’s strike on Iran

What carbon capture needs to meet climate goals

Seven days that shook the world

How the price war is hurting US tight oil

How high can the oil price go in 2021?

Energy transition to drive refinery and petrochemicals integration

Attack on Saudi Arabia's oil facilities

Price swings ripple through North American oil markets

Latin America: 5 things to look for in 2025

Nuclear power needs a way to break the stalemate

Webinar | Middle East and North Africa Upstream

2020: the new oil sector supplier crunch bites

Can the North Sea oil and gas industry survive the downturn?

How the oil market would deal with the return of Iranian exports

Will changing demand hamper North American refiners?

The oil market in crisis

Can the North Sea survive the price rout?

Can China’s recovery turn the oil market around?

Webinar | Global Oil Market Implications

5 things you need to know about MENA upstream oil and gas

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

Is the world sleepwalking into an oil supply crunch?

How will peak oil demand affect the upstream industry?

Oil market uncertainty could significantly affect prices

Oil prices likely to be lower in 2025 than last year

Three years on from the crash

Middle East and North Africa upstream: 5 things to look for in 2024

Perfect storm sees May WTI settle in negative territory

Brent’s rally toward US$60/bbl – a false dawn?

What higher oil prices in 2024 could mean for the economy and politics