US anger at OPEC+ production cut

• 11 October 2022

The decision provoked some anger in the US. But the actual production cut is smaller than the headlines imply, and is coming as global demand for oil is faltering.

OPEC+ surprises market as it extends output curbs

• 04 March 2021

OPEC+ took the market by surprise when it decided to roll over its quota, saying that rather than anticipate a demand recovery, the group would wait to see it actually recover. The market was expecting a substantial increase in production because a tightening in the supply and demand balance is already evident.

OPEC producers key to world supply through to 2040

• 16 July 2018

Global natural resources consultancy Wood Mackenzie sees OPEC maintaining its role as a key oil supplier through to 2040, although output from non-OPEC producers will help ensure adequate supply in the years to 2030.

Qatar quits OPEC

• 03 December 2018

On 3 December 2018, Qatar announced it will withdraw from OPEC on 1 January 2019, putting an end to its 57-year membership of the producers’ cartel. Qatar, which said it intends to focus on its gas production, made the announcement ahead of the 6 December OPEC meeting.

OPEC’s battle for control of the oil market

• 18 June 2019

Persistent non-OPEC volume growth poses a challenge. Get our latest OPEC and non-OPEC supply forecasts.

For a few dollars more – OPEC’s shifting stance

• 13 October 2016

OPEC’s plan for production cuts signals a desire to support prices, even if the battle to wrest control of the market seems barely half won.

Implications of OPEC+ meeting for H2 2023

• 07 June 2023

The decision by OPEC+ to extend current production cuts and an additional voluntary 1 million b/d reduction for July from Saudi Arabia should provide support for prices in the rest of 2023, according to Wood Mackenzie.

Delaying deepwater decommissioning

• 02 May 2024

With resilient oil demand and a positive outlook for prices, operators are doing all they can to shift spend away from decommissioning. What are the options to keep deepwater wells running for longer?

Solar and energy storage experts debate the current market

• 24 April 2025

Live from the 2025 Solar & Energy Storage Summit - industry leaders debate trade wars, grid innovation and what Q1 reveals about the future of solar and storage in the US.

Coal and gas generation can accommodate 40 to 75% of expected US peak demand growth through 2030

• 20 November 2025

With the US preparing for approximately 90 gigawatts (GW) of peak demand growth through 2030, gas and coal generation will only be able to meet about 37 GW of this growth.

PetroPlan

Strategic refinery simulation model for refinery operation planning and optimisation.

Middle East boosts its unconventional gas resources

• 04 March 2020

In this month's episode of the MENA in Brief podcast, Ian Thom and his guests discuss unconventional gas project announcements in Saudi Arabia and UAE.

Middle East and North Africa upstream: 5 things to look for in 2025

• 07 January 2025

From the impact of 'Trump 2.0' to increased supply chain pressure, deepening gas deficits in Iraq, Iran and Egypt and exploration highlights.

What is COP26 and how is it vital to the energy transition?

• 26 May 2021

This year, the UK will host COP26. Countries around the world are aware of their responsibilities to tackle climate change, and many have set targets to cut greenhouse gas emissions.

Chevron loses second major production asset in South East Asia

• 13 December 2018

Following today's announcement by Thailand's Department of Mineral Fuels (DMF) that PTTEP has won the auction round for both G1/61 (Erawan) and G2/61 (Bongkot) PSCs after putting an aggressive bid on the gas price and the profit share, Wood Mackenzie's research analyst Jean-Baptiste Berchoteau shares some insights.

Unlocking exploration’s hidden value

• 21 March 2019

Exploration is making money again. After a difficult few years, the sector's disciplined approach has begun to bear fruit. How evaluate the true cost of exploration?

Wind power: 7 things to look for in 2026

• 07 January 2026

The wind industry is on track for a record-breaking 2025, with global wind capacity additions expected to reach 170 GW for the year. Can the wind industry maintain its momentum?

OPEC+ prepares for market uncertainty with continued 2 million b/d production cut

• 06 December 2022

Speaking after today’s OPEC+ meeting, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said “The decision by OPEP+ to continue with its recently agreed 2 million barrels per day (b/d) production cut through the end of 2023 is not a surprise, given the uncertainty in the market over the impact of the 5 December EU Russia crude oil import ban and the G7 price cap. In addition, the producers group faces downside risk from the potential for weakening global economic growth and China’s zero Covid policy.”

The US government speeds up drilling permit approvals

• 04 June 2021

The Biden administration this week issued an order suspending further work on oil leases in the Arctic National Wildlife Refuge in Alaska, pending a new environmental review. The order follows through on a commitment that President Joe Biden made on his first day in office. Drilling in ANWR has always been highly controversial, and the lease sale in January attracted only limited interest.

Why COP26 has to succeed

• 28 October 2021

What happens if COP26 doesn’t put the world on a 2 °C or lower pathway? Our latest Energy Transition Outlook explores what happens if COP26 fails to lay down the law on collective goals and actions to tackle climate change.

Power and renewables: predictions for 2025

• 22 January 2025

Analysis and outlook for power & renewables in Europe and Asia, including solar, onshore wind, offshore wind, energy storage, power markets, grid and more.

Global olefins: 10 trends to watch as coronavirus reshapes the industry

• 05 May 2020

The coronavirus outbreak is having a transformational effect on global olefins. Supply, demand, trade, pricing, costs and margins are all being impacted to the extent that it will undoubtedly reshape the wider industry. So, what forces are defining the ‘new normal’?

Energy transition is making its mark on Asia Pacific's major energy markets

• 13 May 2019

APAC Energy Buzz is a monthly blog by our Asia Pacific Vice Chair, Gavin Thompson. In his blog, Gavin shares the sights and sounds of what’s trending in the region and what’s weighing on business leaders’ minds.

Supply chain constraints limit the growth of gas-fired generation in the US

• 20 February 2026

Ed Crooks examines how turbine shortages may cap gas generation growth just as AI-driven power demand surges

With 100-200 GW of new data centre capacity needed by 2030, carbon capture on gas offers fastest route to decarbonisation

• 14 May 2026

With natural gas dominating near-term data centre power additions, carbon capture offers the most practical path to decarbonization, according to new Wood Mackenzie analysis.

Energy transition to drive refinery and petrochemicals integration

• 16 February 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.

Africa outlook

• 04 March 2019

Evaluate commodity markets in Africa with comprehensive outlook reports from our industry experts. Browse short-term and long-term forecasts to review your strategy.

Data centres

• 03 June 2026

Explore data centre market analysis covering infrastructure trends, energy use, capacity planning and key developments across global markets.

Why Big Oil is warming to high-impact exploration

• 16 April 2026

With a looming supply gap and billions at stake, Big Oil is doubling down on frontier exploration to secure the next wave of high-value resources

Goldwind captures the top spot for global wind turbine supply

• 09 May 2023

Three different OEMs realised double-digit GW installations in 2022, despite multiple supply chain complications