OPEC+ agrees to increase output after tense negotiations

• 07 December 2020

Tense negotiations and rumours of a rift between Saudi Arabia and UAE ended with a compromise deal for OPEC+ on 3 December 2020. Despite concerns on oversupply for Q1 2021, the group agreed to increase output by 500,000 b/d in January. Production restraint is set at minus 7.2 million b/d instead of the Q4 2020 level of minus 7.7 million b/d.

OPEC extends production cuts through 2018

• 30 November 2017

A 9-month extension to the current OPEC agreement will help sustain prices in a global market that's still uneasy going into 2018.

Webinar | From molecules to electrons: Trump 2.0 and the impact on the energy transition

• 03 December 2024

The 2024 US election result and an incoming Trump 2.0 administration arrive at a pivotal moment for the energy transition. As policies and priorities shift, their impact will ripple across the energy and natural resources sectors. This webinar mini-series dives into the heart of these changes, offering expert insights into how the outcomes could redefine the energy landscape. The mini-series consists of two webinars: molecules (oil, gas/LNG, carbon, hydrogen, and sustainable fuels) and electrons (renewable electricity, batteries, electrified transport, power markets and grid innovations).

Oil Products

• 03 October 2017

Review the global oil outlook with our oil products commodity reports, featuring world-class insight, data and analysis to make better strategic decisions

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.

How the war is shaping Big Oil’s transition strategy

• 09 March 2023

The Majors have shown there can be different approaches to decarbonisation and achieving net zero, but divergent strategies are showing signs of converging again.

Big Oil commits to dividends in troubled times

• 30 October 2020

The US and European majors showed how cash distributions are a crucial part of their appeal to investors in the energy transition

Webinar | Carbon offsets: How to realise value in the net zero transition

• 06 June 2024

Webinar | Sub-Saharan Africa Upstream

• 14 February 2024

After three years of decline, oil and gas production is growing again across Sub-Saharan Africa. Traditional oil producers Nigeria and Angola are increasing investment and activity. Angola's exit from OPEC is a statement of its ambition. Elsewhere, growth projects are progressing in Senegal/Mauritania, Cote d'Ivoire, Namibia and Mozambique. Join our experts on Wednesday 14th February where they will discuss two recent reports - 'Sub-Saharan Africa upstream: 2023 in review' and '5 things to look for in 2024'. A main presentation will be followed by Q&A.

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.

Webinar | The Transformation of North America Power & Renewables Markets

• 05 December 2019

The future course of North America Power & Renewable markets is being molded by an ongoing transformation of the energy industry. The sector now serves as the central conduit to decarbonize the energy sector via electrification of fossil-based technology sources like transport and large scale renewable use for power generation. Register to join Wood Mackenzie’s power analysts on Thursday, December 5 at 10 a.m. CT for a discussion on key themes shaping the industry in the near and long-term, including: • Transitioning from fossil fuels to renewable energy • The declining costs of renewable energy and battery storage technologies • The energy transition between coal and natural gas • Is the shift away from traditional baseload supply straining the existing generation fleet? • As coal retires in PJM, why aren’t renewables filling the vacuum?

On the road again: where will US gasoline demand go this summer?

• 26 April 2021

Find out when we expect gasoline to return to pre-pandemic levels, how prices could affect the demand trajectory and more in this complimentary insight.

World heading for a 3°C warming trajectory, as political headwinds slow the energy transition

• 02 May 2024

A five-year delay to the energy transition could see the global average temperature rise to 3°C above pre-industrial levels.

US crude exports set to more than double: where, what, how, when?

• 04 April 2018

The global crude export landscape continues to shift as the US Lower 48 pumps more light sweet crude into the market. With little forecast incremental demand for these volumes domestically, US producers will look first to Europe and then Asia to absorb this excess production.

China’s re-opening off to a stuttering start

• 12 January 2023

Wood Mackenzie's APAC team looks at China’s re-opening and what it means for energy sector investment.

IMO 2020: Ready or not?

• 02 April 2019

The IMO's regulatory changes on the sulphur content for marine fuels come into force in less than a year. Are European refiners ready to accommodate big shifts in fuel demand? And what will the new specifications mean for refining margins and fuel product prices?

IMO 2020's knock-on effects for Gulf Coast waterborne crude flows

• 27 March 2019

Refiners around the world are gearing up for an industry-wide inflection point

5 factors that will determine the economic impact of coronavirus

• 12 March 2020

Principal Economist Peter Martin’s 2000-word report “Global spread of Covid-19 derailing the world economy” examines the impact of coronavirus on the world economy. Get the highlights of Peter’s research here or purchase the full report for a more in-depth discussion.

The big ban: global commodities in a post-Ukraine-war world

• 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. Read more.

One giant leap: President Biden's vision for repowering America

• 16 September 2021

Sixty years after President John F. Kennedy launched the programme that would put the first man on the moon, US President Joe Biden has set an equally challenging, transformative goal: achieving net zero emissions in the US power sector by 2035 and the broader economy by 2050.

Oil

• 16 November 2020

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

Introducing our Global Net Zero Pledges Scenario

• 08 February 2023

In the build up to COP27, countries around the world made pledges to reach net zero around the middle of the century. How are they all faring on those pledges and is the world is on track for a 1.5c pathway?

China-US relations, tech wars and climate change

• 26 January 2021

When President Xi Jinping spoke of the risks of ‘tech wars’ at the World Economic Forum’s virtual Davos Agenda event on Monday, there was little doubt who he was aiming at. At a White House briefing later that day, press secretary Jen Psaki stated that “Technology is of course at the centre of US-China competition.”

Can US Independents sustain the capital needed to survive the energy transition?

• 04 November 2021

Producers need a long-term strategy that ensures enough outside capital to fight the headwinds of increasing environment, social, and governance imperatives.

Which global steam crackers are at most risk of closure?

• 16 May 2024

With ethylene producers facing multiple headwinds, we benchmark facilities to see which plants are under threat

Crisis in Ukraine: the global risks to commodities

• 25 February 2022

The invasion of Ukraine has had an immediate effect on the global economy and markets. What are the lasting implications for commodities?

How hard would global refiners be hit by a sharp drop in US gasoline demand?

• 14 June 2021

What happens to the global refining industry if the energy transition produces a sharp downturn in US gasoline demand? Where would the margin squeeze be tightest? We analyse such a scenario using our Refinery Supply Model.

Is the crude oil refining sector delivering on decarbonisation?

• 06 November 2024

The refining industry ranks as the third largest contributor to global greenhouse gas (GHG) emissions from stationary sources, placing it at the centre of the energy transition and net zero efforts.

Biofuels: what the logistics sector needs to know in 2025

• 24 April 2025

The global push for decarbonisation is reshaping the transport sector, with biofuels at the forefront of this transformation. For logistics companies, this shift presents a unique set of challenges and opportunities that span policy, investment, feedstock management, and international trade.

Oil and refining market implications of Israel’s strike on Iran

• 16 June 2025

Explore the ripple effects of Israel's attack on Iran's nuclear program and how it could reshape global oil markets and geopolitical dynamics in the Middle East