How to stay investible – the oil industry’s challenge

• 05 November 2019

Big Oil faces sluggish oil demand, weak gas prices, the energy transition and the implications of next year’s US Presidential election. How can Big Oil stay investible in this environment?

The new wave of internationalising NOCs

• 04 June 2019

Oil and gas producing giants, Rosneft, Saudi Aramco and Qatar Petroleum, broaden their growth options with new international investments. Get Simon's analysis of what's driving the trio's moves.

Improving upstream performance and winning over investors

• 27 February 2018

Delivering production growth after three years of low oil prices is an achievement, and combined with higher oil prices, was the primary factor behind good upstream earnings.

Why the commodity rally will get back on track

• 20 February 2018

Are we in the early stages of a sustained rise in commodity prices? And what does it mean for the US dollar? We posed these questions a year ago when robust global economic growth was driving commodity demand and the US dollar was starting to tip over from a 15-year high.

Growing pains – diminishing returns from tight oil wells

• 07 November 2017

US tight oil’s second phase of growth is well underway. We expect tight oil production to double from 4.7 million b/d today to around 9.5 million b/d in the mid-2020s – and our view is by no means the most bullish.

Digitalisation’s place in upstream’s future

• 21 September 2017

The biggest current recruiter in upstream? Digitalisation, by a distance. Technology is already playing a part in downstream’s recovery from its lows a few years ago.

The new dash for gas - majors position to leverage a core competence

• 25 April 2017

We forecast the share of gas in the peer group’s production will increase from 42% currently to over 50% by the end of the 2020s. ENI and BP will reach 60%, which is also Total’s 2035 target. There are three main themes behind the ‘dash for gas’.

LNG markets: the way we were…and how suppliers need to position for the future

• 05 April 2017

How do traditional LNG suppliers, a group dominated by some of the biggest oil and gas producers, play a part in sorting things out? As the industry gathers in Tokyo for Gastech, we think there are four main elements that need addressed.

‘Lower for longer’ oil prices, industry finances and growth

• 03 March 2017

Our Corporate Analysis team, led by Tom Ellacott, shows that for the 60 companies we cover in depth, net debt has increased by 22% or US$142bn since 2014.

The shrinking scale of greenfield oil and gas projects: slowing growth prospects outside the L48 bubble

• 26 January 2017

Despite the uptick in numbers, investment in greenfield conventional projects is stuck at a low ebb.

Going digital in upstream - seizing technology-led structural cost cutting opportunities

• 16 January 2017

Digital technology has a major part to play in the next stage of structural cost reduction, but oil and gas production is far removed from the leading edge of the 21st century tech revolution.

Global upstream investment – set to rise in 2017

• 08 December 2016

Chief Analyst Simon Flowers expects prices to rise and US tight oil to lead the industry out of the downturn.

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.

Majors' capital allocation in a stuttering energy transition

• 03 March 2025

As energy transition challenges mount, oil and gas Majors are pivoting back to upstream - while NOCs step up their low-carbon commitments. What does this mean for the industry's future?

How AI can unlock an extra trillion barrels of oil

• 15 October 2025

How much new oil is needed? Can AI analogues help unlock the additional barrels and close the supply gap? Will AI make subsurface teams redundant?

What could change in Venezuela mean for oil production?

• 05 December 2025

US energy policy, geopolitics and market pressures collide — here’s what they mean for oil supply, gas prices and the future of global power

Predictions for energy and natural resources in 2025

• 13 December 2024

The impact of Chinese EVs, ambitious NOCs, the Saudi storage boom and more, as Wood Mackenzie analysts look ahead to next year

Biden exit shakes up US presidential race

• 23 July 2024

The election in November will have significant consequences for US energy. Uncertainty is already affecting some sectors

Energy Pulse: in brief (29 September)

• 29 September 2023

The Biden administration plans the "fewest offshore oil and gas lease sales in history", and the rest of the week’s key energy news.

Ten predictions for 2023

• 16 December 2022

After a tumultuous year, Ed looks ahead to 2023 with a selection of Wood Mackenzie analysts predictions

Sanctions start to bite

• 14 March 2022

Restrictions on Russia's financial system are already affecting energy trades. And momentum for longer-term changes is building.

Demanding new emissions goals set course for low-carbon future

• 23 April 2021

At a US-hosted climate summit this week, large economies discussed their ambitious objectives for cutting emissions. Now comes the hard part.

President Biden aims for higher employment and lower emissions

• 01 April 2021

Two announcements this week showed the administration attempting to deliver on its promise that a key goal of climate policy is job creation.

OPEC+ strikes a deal to avoid oil glut

• 04 December 2020

The production cuts agreed by the OPEC+ group in April have been highly effective in rebalancing the oil market after the pandemic sent demand plunging. With hopes growing of a stronger rebound next year, some countries, led by the United Arab Emirates, have been calling for OPEC+ to stick to its plan to allow almost 2 million b/d of extra production in January. But demand is expected still to be weak in the first quarter at least, as the Covid-19 vaccines begin to be rolled out. An OPEC+ production increase of that size would have risked an oversupplied market and falling crude prices. Facing that risk, the OPEC+ ministers pulled back from the brink and agreed a production increase of just 500,000 b/d, to be reviewed for possible further increases every month.

Five ways the coronavirus changed the world of energy this week

• 20 March 2020

The US government is starting to buy crude and facing calls for it to manage the oil market, as demand continues to weaken. In this week's Energy Pulse by Ed Crooks.

The wisdom of the crowd: Where is the LNG industry’s thinking on carbon emissions?

• 31 May 2021

There is a divergence of opinions as to how emissions are and should be measured, how things will evolve, what factors will drive that evolution, and how the industry should ultimately manage its carbon emissions. 

Reducing the emissions of US LNG: looking for ways to move the needle

• 01 May 2021

Wood Mackenzie’s Ed Crooks recently highlighted the increased scrutiny placed on the carbon footprint of US LNG by the Biden administration, and the importance of proving the “green” credentials of LNG export projects. Rising awareness of the climate implications of LNG is a rapidly growing globa...

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