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Refinery-chemicals integration: how to benchmark success

17 九月 2020

The growing trend of integrated refinery-chemical facilities is intensifying. Standalone oil refineries, focused only on fuel, are looking increasingly outdated as the energy transition takes hold.

Opinion

Onsan refinery case study: how much value will greater refinery-petrochemical integration add for S-Oil?

23 八月 2021

How can refiners assess the potential ROI of increased petrochemical integration? We explore how S-Oil’s plans to add steam cracking to its Onsan site will affect its competitive position.

Opinion

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

22 十一月 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.

Opinion

Refinery emissions: implications of carbon tax and mitigation options

13 一月 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.

Editorial

Asia-Pacific M&A markets: Passing the refinery bucks

15 二月 2017

Konrad Jar, Vice President of Asia-Pacific Downstream Consulting, discusses the developments he's seen in Asia-Pacific M&A markets.

Editorial

How M&A markets are passing the refinery bucks

07 二月 2017

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

The Edge

Oil refining – facing up to structural overcapacity

03 七月 2020

Refining has been hit hard by the economic fallout of the coronavirus pandemic. Profitability in 2020 will be the lowest this century. When will margins recover? And how will the industry respond to this challenge?

Opinion

Regulatory clouds darken a bright outlook for refining

27 七月 2018

The spotlight fell on the refining sector in 2015 as the oil price collapsed and oil demand surged, resulting in a record year for global refining margins. How long can this picture of rude health continue?

News Release

China’s crude reserves to reach 1.15 billion barrels in 2020

23 三月 2020

Wood Mackenzie’s latest analysis reveals that China’s crude stock (including strategic and commercial petroleum reserves) could reach 1.15 billion barrels in 2020, equivalent to 83 days of oil demand.

Comment

PES to close oil refinery after fire damage

26 六月 2019

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

News Release

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

03 九月 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.

News Release

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

25 十月 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.

News Release

Implications of OPEC+ meeting for H2 2023

07 六月 2023

The decision by OPEC+ to extend current production cuts and an additional voluntary 1 million b/d reduction for July from Saudi Arabia should provide support for prices in the rest of 2023, according to Wood Mackenzie.

Opinion

Energy Pulse: in brief (29 September)

29 九月 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.

Opinion

Assessing the refineries at risk of closure

11 三月 2024

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

Products & services

Refinery Evaluation Model

23 六月 2017

Benchmark refineries around the world and assess their competitive advantage with independent insight into performance.

Products & services

Retail Fuels Service

23 六月 2017

Fuel your success with the premier solution for identifying opportunities and quantifying risk in the retail fuel market.

Products & services

Product Markets Service

23 六月 2017

Examine oil product imbalances and explore growth opportunities using our comprehensive global analysis of oil product supply, demand and price.

Products & services

Liquid Renewable Fuels Service

23 六月 2017

Transporting the renewable fuels market to success

Opinion

Horizons Live: Scraping the barrel

07 三月 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.

Opinion

China's refining sector to slowdown and reconfigure for energy transition

15 三月 2019

Refinery capacity is expected to continue growing in the medium term, but the pace of growth is expected to slow down considerably. Capacity additions are mainly from crude-to-chemicals projects, which aim to maximise naphtha production to meet the increasing petrochemical feedstock demand.

Editorial

Automotive sales trends suggest higher oil demand in medium term

04 四月 2019

The vehicle industry’s shift towards cleaner technology is poised to throw a wrench in the oil market – but likely not for another decade. Demand growth from light vehicles and two-wheelers, a key sector which accounts for roughly 30% of the near 100 million b/d in global crude consumption, are expected to slow down over the next 10 years, and eventually begin to decline after 2030, with the rapid adoption of electric vehicles (EVs).

Comment

US to release crude oil from strategic petroleum reserve

25 十一月 2021

On 23 November, US President Biden announced the release of 50 million barrels (mbbl) of crude oil from the US Strategic Petroleum Reserve (SPR).

Comment

Nigerian lawmakers pass petroleum bill – but there is still work to do

02 七月 2021

Speaking after the Petroleum Industry Bill (PIB) was passed by the Nigerian National Assembly on 1 July, Mansur Mohammed, head of West Africa content on Wood Mackenzie’s sub-Saharan Africa upstream research team, said: “The Senate and House each passed different versions of the bill, which will now require reconciliation before it is sent to the president for assent into law. So there is still outstanding work to do before the PIB becomes law, but we see momentum behind the bill.”

News Release

Carbon removal key to meeting Paris Agreement target

24 六月 2021

Achieving the 2°C goal of the Paris Agreement will require more than simply avoiding carbon. To cap global warming at 1.5°C or even 2°C, carbon removal will be essential. Research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq:VRSK), shows the key to effective large-scale carbon removal is unlocking potential economies of scale through basin-wide carbon capture and storage (CCS), effectively providing a community answer to a global problem.

News Release

Energy transition to drive refinery and petrochemicals integration

16 二月 2021

2020 was a difficult year for the world’s refineries as the coronavirus pandemic reduced refinery utilisation and OPEC+ supply restraint narrowed crude price differentials. Despite this, integrated refinery and petrochemical sites significantly outperformed their fuels-only peers, according to Wood Mackenzie.

Webinar

Webinar | Global Oil Market Implications

09 三月 2020

Rapidly reacting to the oil market price crash, our experts discussed the immediate drivers influencing the market today and what we expect to happen as this continues to unfold. Our Vice Chair - Americas, Ed Crooks was joined by a panel of Wood Mackenzie’s experts to discuss: Immediate repercussions of the OPEC+ group failing to reach a deal Lessons learned from previous oil price crashes - what's different this time? The Lower 48 fallout - what happens next? The Corporate response - what does it mean for the industry's biggest players

Products & services

Emissions Benchmarking Tool

30 八月 2022

The Emissions Benchmarking Tool provides transparency at the asset and corporate level for Upstream, Downstream and Metals & Mining.

Products & services

Biofuels Production Monitor

14 九月 2023

Real-time renewable and biodiesel production alerts for key facilities across North America.

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