• Comment

  What does the US-China trade deal mean for refiners - and for the market?

  • 20 一月 2020

  After over a year of trade tensions, the US and China signed a “phase one” trade deal on 16 January. As part of the deal, China has agreed to increase the value of energy imports by US$52.4 billion above 2017 levels over the next two years. What could it mean for the oil market?

• Comment

  New CEO Looney rings changes at BP with ambitious climate plan

  • 12 二月 2020

  Speaking after BP’s new chief executive Bernard Looney unveiled the major’s ambitious climate commitments today, Luke Parker, vice president, corporate analysis, said: “BP joins Shell, Total, Equinor and Repsol in making a major commitment to reduce its net carbon footprint. “This marks a major turnaround in BP’s position. Just 12 months ago former CEO Bob Dudley said the company could not be held accountable for how people use its products. Looney is taking the company in a very different direction.” Parker added: “It’s an ambition, rather than a target, but the commitment appears to be unconditional. In terms of scale of commitment, this puts BP towards the top of the pack, along with Repsol and Equinor. “This will see BP’s business completely transformed over the coming decades: renewables and carbon abatement will get very big, legacy oil and gas will eventually get smaller. But the transition to 2050 is a multi-decade transition - not something that will happen in the next year or so.”

• News Release

  OPEC agrees 1.5m b/d output cut as coronavirus eats into global demand

  • 05 三月 2020

  The OPEC oil producers' group and its non-OPEC allies are poised to deepen its production cuts by 1.5 million barrels per day as the coronavirus (Covid-19) outbreak eats into global oil demand.

• Webinar

  Navigating the Oil Price Crash in Asia Pacific

  • 18 三月 2020

  On 9th March, Brent fell 30% and has seen continued volatility in the following 24 hours, sending a shockwave through global energy markets. What does this mean for Asia Pacific?

• Comment

  US$210bn of new spend in firing line as players target cost cuts

  • 02 四月 2020

  The oil price crash has hit the upstream sector hard. Deep cuts are being made across the board, but it will have a dramatic impact on the industry’s project pipeline. Global natural resources consultancy Wood Mackenzie believes almost all pre-FID projects will be deferred. Of the 50+ projects we identified with potential to go ahead this year, only 10 have a chance of proceeding, but all are at risk.

• Webinar

  Webinar: What oil supply is at risk of shut in?

  • 09 四月 2020

  During the last downturn in 2015/16 supply was relatively unaffected. Even the highest cost wedges kept producing; the associated shut-in costs were deemed too high. But prices only dipped below US$45/bbl for a year, and below US$35/bbl for one quarter. Storage levels were of less concern. There is no precedent for the scale of potential shut-ins for today’s asset classes, if oil prices remain low for a prolonged period. The industry’s ability to keep higher-cost barrels flowing is being severely tested. This downturn, there could be a significant impact on currently producing fields as well as future supply.

• News Release

  Covid-19 lockdown hits global solar PV market

  • 09 四月 2020

  The coronavirus pandemic will have a significant impact on the global solar PV market. Construction and development is slowing as countries around the world enforce unprecedented lockdowns. As the world economy faces severe economic disruption, Wood Mackenzie has downgraded its forecast for 2020 installations from 129.5 gigawatts (GW) to 106.4 GW, a reduction of 18%.

• Webinar

  Webinar | Oil price crash: fiscal responses

  • 30 四月 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.

• Comment

  Shell dividend cut frees up US$10bn

  • 30 四月 2020

  Anglo-Dutch supermajor Shell today slashed its dividend by 66%, the first time the company has cut cash distributions to shareholders since World War II. The annual pay-out will fall from US$14.9 billion to US$5.1 billion, freeing up US$10 billion of capital.

• Webinar

  Webinar | Global exploration before and after Covid-19

  • 28 五月 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.

• Content

  Distress in energy and natural resources

  • 22 五月 2020

  Helping investors evaluate opportunities in energy and natural resources during the Covid-19 crisis

• Opinion

  Global economic outlook: trade tensions bite

  • 27 五月 2025

  Our forecasts for global GDP and industrial production have been revised down sharply in our latest macroeconomic outlook as the impact of trade tensions is felt across markets.

• Opinion

  Tariffs begin to redirect global energy trade flows

  • 06 五月 2025

  The full impact of the new tariffs has not yet worked through world markets, but US energy exports to China have been falling

• Opinion

  The Biden administration finalises 45V hydrogen tax credit rules

  • 10 一月 2025

  Learn about the updated 45V tax credit rules for low-carbon hydrogen production and their impact on green and blue hydrogen projects in the US. Discover how these changes affect energy policies and the future of hydrogen in global markets.

• Opinion

  Live from COP29: Are businesses still driving the energy transition?

  • 15 十一月 2024

  What do businesses need from governments to advance climate progress? Find out on the latest Energy Gang episode.

• Opinion

  Can CCUS help achieve Net Zero?

  • 19 十一月 2024

  Is CCUS the solution to Net Zero, or a temporary fix? Sylvia Leyva Martinez and Wood Mackenzie experts discuss the key policies and challenges shaping its future.

• Opinion

  The impact of Republican control on US energy policy and the IRA

  • 19 十一月 2024

  We expect renewables to remain competitive, and while protectionism will rise, a full repeal of Inflation Reduction Act (IRA) is unlikely

• Opinion

  Live from COP29 – One weird trick to solve our energy problem

  • 21 十一月 2024

  Live from COP29, Ed Crooks talks to top experts about US policy changes, carbon tariffs and why the best energy is the energy we don’t use.

• The Edge

  A second Trump administration

  • 07 十一月 2024

  A new Trump administration will have huge influence across both the domestic and international arenas. Introducing more import tariffs, abandoning climate policy and resolving conflicts are all high on the agenda. There are major implications for the energy and natural resources sectors.

• Opinion

  Live from COP29: climate finance at the forefront

  • 12 十一月 2024

  What’s top of the agenda at COP29? The Energy Gang is live from day one at COP29, where industry leaders are debating climate finance.

• Opinion

  COP29 faces climate finance challenge

  • 12 十一月 2024

  The COP29 climate talks began on Monday with climate finance at the top of the agenda. A meaningful deal would show the international effort to tackle climate change is still alive. Failure could further delay the transition to low-carbon energy.

• Opinion

  The Trump administration's AI strategy points to strong growth in US power

  • 25 十一月 2024

  AI needs data centres, which need power. If AI is a national security priority, then so is electricity. That principle will shape the Trump administration’s policies. Gas-fired plants will be favored, but low-carbon energy could benefit, too.

• Opinion

  Predictions for energy and natural resources in 2025

  • 13 十二月 2024

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

• News Release

  CCUS growth challenged by current economics

  • 10 十月 2024

  Speaking at Wood Mackenzie’s Carbon Capture, Utilization and Storage Conference in Houston, Peter Findlay, research director and head of CCUS economics for Wood Mackenzie, said that despite a growing market for carbon capture, utilisation and storage (CCUS), economics remain challenging, and many potential projects are at risk.

• Opinion

  AI and data centres will transform US power market dynamics

  • 31 十月 2024

  Booming data centre build-out is a key driver of resurgent US power demand.

• Opinion

  Uncertainty casts a shadow over US LNG

  • 25 十月 2024

  Politics and legal actions are clouding the outlook for US exports. The election could clear some of the uncertainty, but not all of it.

• The Edge

  Getting China back on track

  • 24 十月 2024

  Commodity markets are suffering from the impact of China's current economic difficulties on domestic energy demand. China’s government has just responded with an ambitious stimulus package aimed at shoring up its faltering manufacturing sector and boosting weak consumer confidence.

• News Release

  Decisive action needed to achieve net zero by 2050, as world is currently on path for 2.5 ˚C to 3 ˚C global warming

  • 29 十月 2024

  A string of global shocks has likely put 2030 emissions reduction targets out of reach. But with decisive action, there is still time to reach net zero emissions by 2050, according to Wood Mackenzie’s ‘Energy Transition Outlook’ report, a milestone assessment of the global journey towards a lower carbon future.

• Opinion

  The Energy Gang’s review of the year in energy

  • 23 十二月 2024

  China’s booming EV industry, AI and clean energy, questions over hydrogen, and the other big stories from 2024

• Featured

  Upstream fiscal systems: 4 things to look for in 2025

  • 06 一月 2025

  With oil prices largely stable, interest rates elevated and companies exercising caution regulators are faced with a tough decision.