2026 Outlook | Predictions, updates and half-time reflections

The energy transition, geopolitical forces and shifting market dynamics all combine to ensure that one thing is certain: the energy and natural resources landscape is constantly changing. It's more complex and interconnected than ever before.

But while it is perhaps always wise to expect the unexpected, it's also helpful to get an expert view of the likely twists and turns on the road ahead.

Our analysts publish their take on the top trends and themes to look out for each January, drawing on Wood Mackenzie's global research and data. At the midpoint of the year, they return to those predictions: assessing what has played out as expected, what has shifted or been disrupted and what it means for the second half of the year.