High carbon tax could erode up to 60% of Asia’s refining earnings

• 05 October 2021

A high carbon tax could erode up to 60% of Asia’s total refining earnings by 2027, says Wood Mackenzie, at the Global Energy Summit Focus Week.

EU’s ‘Fit for 55’ lays out bloc’s green blueprint

• 14 July 2021

Europe is at the forefront of the shift to net zero, both in ambition, but also in terms of how to make rapid and deep decarbonisation a reality. The world needs to reduce carbon dioxide (CO2) emissions as quickly as possible. Not doing so means we will need to turn to expensive and unproven technologies to withdraw CO2 from the atmosphere later this century.

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.”

Wood Mackenzie launches first-of-its-kind refinery intelligence tool

• 21 June 2021

Wood Mackenzie is now offering Refinery I/O, a new tool providing daily refinery analytics from proprietary data sets.

Colonial Pipeline cyberattack may benefit European refiners

• 10 May 2021

The 2.5 million barrels per day (b/d) Colonial Pipeline moves roughly 45% of the US East Coast's supply of gasoline, diesel, and jet fuel from the Gulf Coast. The duration of the outage following the cyberattack on 7 May 2021 is uncertain. In the short term, Wood Mackenzie expects fuel demand and prices to rise in PADD 1, prompting refined fuel inventories to decline and PADD 1 refiners to maximize production.

Asia’s ambitious biofuels plans thwarted by supply constraints and food security concerns

• 31 March 2021

Asia’s ambitious biofuels blending targets will be a challenge to meet due to supply constraints and food security concerns, says Wood Mackenzie.

Chinese NEV and HEV sales to rise over 15-fold by 2035

• 23 March 2021

Sales of China’s new energy vehicles (NEV) and hybrid electric vehicles (HEV) combined are expected to rise 15-fold or more by 2035 with their share in total new car sales exceeding 80%, says Wood Mackenzie.

IMO 2030 carbon intensity target can be achieved with adoption of amendments

• 26 February 2021

Wood Mackenzie’s latest report reveals that the International Maritime Organization’s (IMO) 2030 carbon intensity target can be achieved with the adoption of the Energy Efficiency Design Index (EEDI) and Energy Efficiency Design Index for existing ships (EEXI) amendments at the Marine Environment Protection Committee (MEPC) 76 in June this year.

OPEC+, Covid-19 and energy transition – 3 themes impacting oil markets and refining in 2021

• 28 January 2021

Wood Mackenzie’s latest outlook report shows that the art of balancing oil markets and the refining sector in 2021 hinges upon three key themes – OPEC+ production, Covid-19 developments, and the energy transition.

IMO 2020 Guide

• 08 February 2019

How will IMO 2020 affect the crude market and fuel prices? And what does this mean for refiners, the aviation industry and ship owners? Get the latest news and analysis here.

Women in energy

• 23 July 2020

We showcase research and analysis from some of our most accomplished and influential women in energy and natural resources. Meet some of the many outstanding women we're proud to work with – and explore their latest thinking.

Crude Trade Service

Get a global view of future crude trade and accurately assess how market events affect crude supply, demand, trade and crude price differentials.

Oil

• 16 November 2020

Stay ahead of the oil market with our real-time, proprietary data collected by patented monitoring technology.

All eyes on OPEC meeting as group mulls easing of production restraint

• 01 December 2020

OPEC held its scheduled bi-annual meeting virtually on 30 November 2020. Though the group was unable to reach an agreement at that meeting, up for discussion is whether the production restraint would be eased starting 1 January 2021.

Portfolio resilience and sustainability at the core of corporate concerns

• 20 October 2020

Wood Mackenzie’s 2020 Energy and Commodities Summit Asia Pacific edition kickstarted yesterday. Experts shared their views on how the energy sector is changing in light of the oil price crash, Covid-19 and the latest carbon-neutrality trends.

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.

India’s 21-day lockdown – Impact on commodities?

• 30 March 2020

India is under a three-week lockdown from 25 March to contain the spread of the coronavirus outbreak. Wood Mackenzie analysts discuss what this means for the power, coal, gas and LNG, and oil products sectors.

US and China sign Phase One trade deal

• 16 January 2020

Wood Mackenzie's Gavin Thompson provides a commentary on the US-China Phase One trade deal

Aramco takes slice of Reliance’s refining and petchems businesses

• 11 August 2019

Saudi Aramco is to set to take a 20% stake in Reliance Industries' refining and petrochemical businesses.

IMO 2020 – what does it mean for downstream, upstream, LNG and bulks sectors?

• 07 May 2019

Implementation of IMO 2020 regulation is just eight months away and its implications will be felt beyond refining and shipping. Wood Mackenzie's Asia Pacific experts weigh in on what this means for the different sectors.

Mexico's new president: Energy future at a crossroads

• 02 July 2018

After a contentious campaign, Andrés Manuel López Obrador has won the presidency. Now, the energy industry is trying to determine the incoming administration’s strategic priorities and the implications for Mexico’s energy reforms and its upstream, downstream, gas and power markets.

China retaliates with tariffs on $34 billion worth of US goods

• 18 June 2018

Following China's imposition of retaliatory tariffs on US goods over the weekend, our experts weigh in on the potential impact the move will have on different commodities.

IMO aims to halve global shipping emissions. But, what will it cost?

• 12 April 2018

The IMO is gearing up to cap sulphur emissions. Wood Mackenzie looks at the potential impact the new regulations could have on the shipping and bunker fuel sectors.

India's GST - A boon for oil markets?

• 16 November 2017

The introduction of India's Goods and Services Tax (GST) has lifted oil demand in the country this year. Crude oil, natural gas, diesel and gasoline are currently exempt from the GST. However, diesel and gasoline demand are indirectly affected by the impact of GST on vehicle prices and sales, especially in the logistics sector.

IMO 2020 regulation could cost shippers extra US$60 billion a year

• 28 February 2017

The 0.5 wt% sulphur cap for bunker fuels could have far-reaching repercussions

Complete ban on Russian commodity exports accelerate LNG growth and energy transition

• 16 June 2022

War in Ukraine is transforming the outlook for the supply, demand and price of hydrocarbons and the pace and cost of the energy transition. While the precise timing and implementation of future bans on Russian commodity imports are difficult to predict, a rewriting of energy trade flows is now underway.

Waste-based biofuels could be the key to unlocking the energy transition

• 18 August 2022

Waste-based biofuels could be a key driver of the energy transition transforming today’s limited supply of low carbon transportation fuels and creating a local, circular economy, according to a new report by Wood Mackenzie, a Verisk business (Nasdaq:VRSK).

Offshore CCS projects could breathe new life into Gulf of Mexico

• 04 November 2022

As the US looks for innovative ways to reduce greenhouse gas emissions, offshore carbon capture storage (CCS) projects in the US Gulf of Mexico (GoM) could play an influential role in meeting future goals, according to analysis from Wood Mackenzie.

Russian refinery products will continue to flow in 2023 despite European price cap

• 31 January 2023

The European Commission’s announcement that the EU is proposing a US$100 per barrel price cap on Russian oil products such as diesel, jet fuel and gasoline, and a US$45 per barrel cap on discounted products like fuel oil, would not severely impact Russian refiners according to Wood Mackenzie.

A supercharged China could turn up the heat on global commodities

• 23 March 2023

The Chinese economy is expected to grow by 5.5% but could grow by as much as 7% in 2023 as the country bounces back from three years of lock-down caused by the Covid pandemic according to a new report by Wood Mackenzie.