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.

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.

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.

Every last drop: using AI-powered analysis to find oil-field upside potential

• 18 September 2025

In this edition of Horizons, we discover how existing oil fields could yield 470-1,000 billion additional barrels using proven recovery technologies available today. Learn why this massive upside potential could meet global oil demand through 2050 and beyond at current prices.

M&A Service

Keep abreast of M&A developments, emerging trends and acquisition opportunities.

Full steam ahead: the changing outlook for global marine fuels to 2050

• 20 August 2024

Global maritime trade set to grow by more than 40% by mid-century.

Oil demand faces downside risks; supply shortage not anticipated in 2022 with lots to watch out for

• 19 January 2022

Wood Mackenzie releases its Oil markets: 5 things to look for in 2022 report which discusses the uncertainties and issues impacting global demand, oil supply and refining markets this year.

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.

What does the OPEC+ supply surge mean for refiners?

• 23 March 2020

The oil market is in a state of flux. Prices have fallen dramatically, and demand has taken a hit as measures are introduced across the globe to combat the spread of coronavirus. Saudi Arabia and Russia’s competition for market share has only exacerbated weak demand.

Will drivers see a repeat of 2014's gasoline price reprieve?

• 02 November 2018

The average retail gasoline price in the United States is now close to U.S.$3 a gallon, while in Germany, gasoline is retailing at an average of €1.40 per litre. We last saw prices like these in November 2014. Could we see a repeat of the 2014 reprieve?

Russian refining outages surge on Ukraine drone attacks: three key questions answered

• 21 March 2024

Russian waterborne product exports see substantial cuts, will crude loadings be next?

What would it take for India to reach net zero emissions?

• 27 July 2023

Achieving India’s decarbonisation target by 2070 is possible, but renewables and emerging technologies must scale rapidly.

Is Asia’s oil market recovery losing pace?

• 15 September 2021

Continued restrictions on mobility reverberate through to demand for transportation fuels in Asia Pacific.

Survival of the fittest refineries: what are the metrics that matter?

• 22 November 2021

With peak oil demand on the horizon, diversifying the product mix will be crucial for refiners. Cutting emissions intensity could also give refinery sites a crucial competitive edge.

Refinery emissions: implications of carbon tax and mitigation options

• 13 January 2022

The refining industry accounts for only 3% of global energy sector emissions. But carbon tax on refinery carbon emissions can have a material impact on profitability, as it will be difficult to pass on carbon costs to consumers through higher product prices.

Assessing the refineries at risk of closure

• 11 March 2024

Which refineries will be most at risk of closure by 2030?

Analysing the petroleum asphalt binder supply chain under energy transition scenarios

• 20 January 2025

The Asphalt Institute Foundation commissioned Wood Mackenzie to analyse potential changes to asphalt binder supply chain in a world undergoing energy transition.

International Energy Week 2025: our key takeaways for oil & gas

• 27 February 2025

As the publicity material for International Energy Week 2025 – held in London from 25-27 February – states, we live in an energy-hungry world. Amid growing trade tensions and shifting energy policy, what does that mean for oil and gas?

Oil and refined products in 2025: a commodity trader’s guide

• 14 April 2025

In an energy hungry world beset by growing trade tensions and shifting energy policy, volatility creates opportunity for commodity traders who can stay one step ahead of market shifts. So, what are the opportunities and challenges set to shape crude and refined product markets as 2025 progresses?

PES to close oil refinery after fire damage

• 26 June 2019

Philadelphia Energy Solutions (PES) will close its oil refinery in the city, following a large fire last week that damaged the complex.

India to overtake China as world's largest oil demand growth centre by 2024

• 03 September 2018

India's oil demand is expected to grow by 3.5 million barrels per day (b/d) from 2017 to 2035, accounting for one-third of global oil demand growth. India's demand is driven by rising income levels, an expanding middle class and a growing need for mobility.

Potential US refined oil product export ban would challenge already constrained global markets and refining systems

• 25 October 2022

A proposed US refined product export ban would save US consumers at the gasoline pump but pose significant challenges and costs to US and global refining systems, according to a recent analysis from Wood Mackenzie.

New mid-caps in Brazil aim to increase mature asset reserves almost 1 billion boe by 2035

• 06 December 2022

With Petrobras divesting in many of its mature assets, new mid-cap upstream operators entering the Brazilian market will invest US$10 billion in capital investments during the next decade, boosting the production from these assets through 2027 and increasing remaining reserves by 980 million barrels of oil equivalent (mmboe) by 2035, according to a report from Wood Mackenzie, a Verisk business.

How M&A markets are passing the refinery bucks

• 07 February 2017

Chris Shepley, Head of Downstream Consulting, discusses recent trends in refineries and M&A markets.

Webinar | Oil price crash: fiscal responses

• 30 April 2020

Oil price crash: what next for fiscal terms? Petroleum investors, producers, suppliers and governments are coming together to try and find solutions to the current industry crisis. The oil revenue cake that they all feast on has shrunk, dramatically.

Webinar | Global exploration before and after Covid-19

• 28 May 2020

Our annual survey of the global exploration industry, conducted largely before coronavirus hit and the oil price crashed, showed signs of cautious optimism. Despite the threat posed by the energy transition, explorers were looking forward to another 30 years of exploration. There was, however, a keen awareness of the challenges ahead – the fight to remain investible, the need to increase capital efficiency and the opportunities and risks presented by deepwater exploration. Join us for a webinar discussing the results on the 2020 survey both in the context of the pre-COVID-19 view and in light of the new world we live in. We’ll cover which exploration companies stood out from the pack in 2019, the changing focus of explorers and the role of exploration in today’s energy companies.

Horizons Live: Scraping the barrel

• 07 March 2023

On this Horizons Live replay, Simon Flowers, Chairman and Chief Analyst, is joined by Andrew Latham, Vice President, Energy Research and Ann-Louise Hittle, Head of Macro Oils to discuss whether the world is running out of high-quality oil and gas.

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.

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.

The Biden administration seeks answers to high fuel prices

• 17 June 2022

The president has asked refiners to increase output. Effective solutions will be more complex.