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What higher oil prices in 2024 could mean for the economy and politics

14 九月 2023

The oil market has come to life, with prices finally delivering on our expectations for 2023. Our oil experts, Ann-Louise Hittle and Alan Gelder, join Simon Flowers to discuss where the market goes from here and what this could mean for the economy and politics.

The Edge

What the energy world looks like in 2030

28 一月 2020

This decade promises unprecedented change in the way we produce and consume energy. Find out how that will take shape in this week's Edge.

Products & services

Macroeconomics

28 七月 2017

Understand the interplay between commodities and the economy with macroeconomics analysis to help forecast the pace of global economic development to 2035.

Products & services

West Texas Crude Oil Storage Report

16 十一月 2020

Get exclusive insights into the key terminals connecting Permian Basin production to the Gulf Coast and Cushing.

Webinar

Webinar: IMO 2020 impact on upstream producers, LNG and bulks(2)

07 五月 2019

Join us on this upcoming webinar where our industry experts will discuss how and where the ripples will be felt as we edge nearer to the implementation date of 1st January 2020.

Webinar

Webinar | After the crash: what's changed in Latin America upstream?

23 六月 2020

Latin America quickly responded to the oil market downturn. NOCs and Majors cut production and pushed back imminent FIDs. However, as Latin America has many large developments that break even below US$40/bbl, several projects are still under operators’ priority list. • Investments: The region is among the largest capex cut globally. How much has development spend been cut? • Production: We expect a 7% reduction in 2020. What are the long-term implications? • Economics: Latin America upstream NPV10 down by a third. Which resource themes have been hit the hardest? • Corporate: Are Latam NOCs prepared for the tough road ahead?

Webinar

Webinar | China Slowdown and Why This Time is Different

30 四月 2019

Join the webinar and learn how China's commodity demand has evolved, what options the government has to support growth, and what the impact on oil, gas and coal will be short and long-term.

Webinar

Webinar | The 2021 Future of Exploration survey

27 四月 2021

This year sees the exploration sector in recovery mode as it begins to reposition for an energy transition world. We put our questions on the future of exploration to exploration leaders and professionals around the world. The sector had fought hard to win its way back to profitability before the crisis struck. Its disciplined approach of recent years looks set to remain even as prices recover. Exploration is increasingly playing a role in moves to a lower carbon future and geoscientists are at the forefront of some new energy businesses. We've analysed the data to discover the key challenges the industry is facing, which explorers stand out from the pack and the role of exploration in today’s energy company

Webinar

Webinar: IMO 2020 impact on upstream producers, LNG and bulks

07 五月 2019

Join us on this upcoming webinar where our industry experts will discuss how and where the ripples will be felt as we edge nearer to the implementation date of 1st January 2020.

Products & services

Refinery Supply Model

11 六月 2021

Understand the dynamics of crude and product markets at a global, regional and asset level.

Webinar

Webinar | The Transformation of North America Power & Renewables Markets

05 十二月 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?

Webinar

Webinar | Sub-Saharan Africa Upstream

14 二月 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.

News Release

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

05 十月 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.

Comment

What would an EU carbon border adjustment mechanism mean?

14 七月 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.”

Comment

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

01 十二月 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.

Comment

Mexico's new president: Energy future at a crossroads

02 七月 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.

News Release

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

12 四月 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.

The Edge

The Edge: Downstream’s role in the energy transition

01 五月 2018

How to stay relevant? Every oil and gas company is pondering the energy transition, and how to adapt a business model that’s served well for the last century to be fit-for-purpose through the 21st and beyond.

The Edge

How the war is shaping Big Oil’s transition strategy

09 三月 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.

Featured

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

04 四月 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.

Featured

Why Covid-19 is the ultimate energy transition stress test for refiners

20 七月 2020

Covid-19 is a threat to global refiners. Who will thrive? Who will merely survive? And what does this tell us about refiners’ resilience and readiness to take on the energy transition?

Opinion

China’s re-opening off to a stuttering start

12 一月 2023

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

Opinion

Can conventional oil projects compete with L48 oil?

14 三月 2018

US tight oil has arrived with a bang, disrupting the oil market. But can conventional oil projects compete? Our latest report looks at where tight oil and other pre-FID conventional projects sit on the global cost curve.

Opinion

5 factors that will determine the economic impact of coronavirus

12 三月 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.

Opinion

Big Oil commits to dividends in troubled times

30 十月 2020

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

Opinion

China-US relations, tech wars and climate change

26 一月 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.”

Opinion

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

14 六月 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.

Editorial

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

04 十一月 2021

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

Editorial

Crisis in Ukraine: the global risks to commodities

25 二月 2022

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

Opinion

Introducing our Global Net Zero Pledges Scenario

08 二月 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?

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