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Global oil markets: another tumultuous year lies ahead

10 January 2023

What are the themes and trends set to have the biggest impact on global oil demand, supply and refining in 2023?

Opinion

Red Sea crisis: what crisis? Not for US refiners as refining margins boom

19 February 2024

US product exports to Europe advantaged as Middle East/West Coast India exports are challenged by Red Sea disruption

Opinion

Biden and Xi build bridges on energy

20 November 2023

After years of deteriorating relations, the US and China have opened new paths for communication and cooperation on energy and climate.

The Edge

Nuclear’s massive net zero growth opportunity

14 March 2024

The cancellation of NuScale's small modular nuclear reactor project in November cast a shadow over this nascent technology. Yet the project pipeline continues to build, reflecting the industry's belief that SMRs can be a gamechanger for nuclear. How big is the current pipeline? What is the potential scale of SMRs' contribution to net zero? Which countries and developers are leading the way? How much do costs need to come down?

Opinion

Six factors shaping the lithium market

31 May 2023

Understanding lithium market nuances is vital to forecasting future demand, supply and pricing

Webinar

Global renewable energy: market predictions for 2024

07 February 2024

Join Wood Mackenzie's wind, solar, and storage industry experts on February 7th, for an interactive webinar discussing the key opportunities and challenges that face the global renewable energy industry in 2024.

Opinion

Emissions rules for US power pose some difficult questions

06 May 2024

New EPA regulations for coal plants hit an industry in decline. Emissions curbs for gas plants would affect a sector that is still growing.

The Edge

Hydrogen: how carbon intensity rules can muddy the waters

07 March 2024

Green hydrogen is expected to be the winner among the ever-widening hydrogen colour palette. Its potential for zero emissions is the attraction, assuming scaling up of this nascent industry delivers molecules that are cost-competitive. What factors could spoil green hydrogen's low-carbon credentials? Could blue hydrogen have lower carbon intensity than green? Are there solutions that green hydrogen developers can fix?

The Edge

Is the price rally in energy and metals sustainable?

14 May 2021

Green shoots of economic recovery are bursting through. Energy, metals and mining commodity markets have sensed it for months – witness the soaring prices of oil, LNG, iron ore, copper and many other metals. Is this a post-pandemic economic bounce or the start of a new supercycle?

Opinion

The all-electric movement goes to war against gas

07 February 2020

The all-electric movement threatens future gas demand, OPEC+ oil producers consider an output cut, and the warm winter is hitting gas prices.

Opinion

Rethinking energy security

04 April 2022

The transition to low-carbon sources creates a new set of concerns about excessive dependence on imports. How could we rethink energy security?

News Release

Permian producers hedge their bets against pipeline delays

11 September 2018

Permian producers increased their 2020 oil-basis hedge positions by 431% during Q2. Such a sharp rise suggests producers perceive a higher risk that key pipeline projects fail to start up by 2019 target dates, according Wood Mackenzie's latest analysis of oil and gas activity.

The Edge

How high can the oil price go in 2021?

18 June 2021

The oil price has been on a bull run for over a year. Fundamentals are improving with oil demand bouncing back towards pre-pandemic highs as the global economy recovers. But OPEC+ is also playing a key role in rebalancing the market after the crisis of 2020. How much further could prices go?

Opinion

International NOCs’ growing presence in Sub-Saharan Africa

23 July 2024

Asian and Middle Eastern national oil companies have doubled down on their investment and resource base in Sub-Saharan Africa. What are their drivers?

Opinion

Winners and losers in the energy transition

15 October 2021

Moving to net zero emissions would transform the allocation of resource wealth around the world. Policymakers are starting to assess the potential economic impact.

Opinion

The US government speeds up drilling permit approvals

04 June 2021

The Biden administration this week issued an order suspending further work on oil leases in the Arctic National Wildlife Refuge in Alaska, pending a new environmental review. The order follows through on a commitment that President Joe Biden made on his first day in office. Drilling in ANWR has always been highly controversial, and the lease sale in January attracted only limited interest.

News Release

OPEC+ prepares for market uncertainty with continued 2 million b/d production cut

06 December 2022

Speaking after today’s OPEC+ meeting, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said “The decision by OPEP+ to continue with its recently agreed 2 million barrels per day (b/d) production cut through the end of 2023 is not a surprise, given the uncertainty in the market over the impact of the 5 December EU Russia crude oil import ban and the G7 price cap. In addition, the producers group faces downside risk from the potential for weakening global economic growth and China’s zero Covid policy.”

Comment

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

20 January 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?

Opinion

Horizons: three key findings from Q2 2021

06 July 2021

A recap from the last three editions of Horizons, from the prospect of upside-down oil and gas prices to the vast potential of carbon capture

Comment

OPEC+ surprises market as it extends output curbs

04 March 2021

OPEC+ took the market by surprise when it decided to roll over its quota, saying that rather than anticipate a demand recovery, the group would wait to see it actually recover. The market was expecting a substantial increase in production because a tightening in the supply and demand balance is already evident.

Opinion

US Infrastructure bill bets on breakthrough technologies

12 November 2021

The US Congress has been debating two bills with big implications for energy. The first, the Infrastructure Investment and Jobs Act, has finally been passed by both House and Senate, and will be signed into law by President Biden.

News Release

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

05 March 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.

Opinion

Trade becomes a new tactic for curbing emissions

05 November 2021

On the eve of the COP26 climate talks, the US and EU announced a plan to draw up the first ever trade agreement based on carbon emissions. Under the proposed deal, steel and aluminium from high-emitting producers would be penalised in US and EU markets, while metal produced with low emissions would be favoured, subject to other conditions.

Opinion

US E&Ps on a capital-raising spree

26 March 2021

Near-zero interest rates and higher oil prices have created ideal conditions for E&Ps to issue debt. Will the capital inflows enable them to ramp up activity faster?

Featured

Upstream oil and gas: top trends and wildcards to watch in 2022

13 December 2021

The oil and gas sector bounceback is set to continue – but the positive outlook is tempered by concerns about its future in a decarbonising world. Find out how global trends could play out in your region in our 2022 Outlook series.

Featured

Oils & chemicals: 5 things to watch for in 2024

11 January 2024

Calmer waters are expected for the oils, refining and chemicals industries in 2024 – but that doesn’t mean it’s plain sailing. What are the top trends to track for the year ahead?

The Edge

Big themes in 2022 for energy and natural resources

14 December 2021

What will shape the world of energy and natural resources in 2022? Simon Flowers picks five key themes, from the energy crisis to the metals supercycle, transition cost challenges, higher investment and the chances of US$100/bbl oil.

News Release

Carbon removal key to meeting Paris Agreement target

24 June 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.

Opinion

Trump’s tariff plan: implications for the future of global liquids trade

01 October 2024

A new tariff plan on imports would affect US consumers, global oil markets and refining, if implemented post US election.

Opinion

The US energy transition rides on the electric F-150

21 May 2021

Ford has launched the electric version of its best-selling F-150 truck. Its success or failure will have a big impact on the electrification of transport in the US, and on climate policy.

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Search results: 2468

Global oil markets: another tumultuous year lies ahead

Red Sea crisis: what crisis? Not for US refiners as refining margins boom

Biden and Xi build bridges on energy

Nuclear’s massive net zero growth opportunity

Six factors shaping the lithium market

Global renewable energy: market predictions for 2024

Emissions rules for US power pose some difficult questions

Hydrogen: how carbon intensity rules can muddy the waters

Is the price rally in energy and metals sustainable?

The all-electric movement goes to war against gas

Rethinking energy security

Permian producers hedge their bets against pipeline delays

How high can the oil price go in 2021?

International NOCs’ growing presence in Sub-Saharan Africa

Winners and losers in the energy transition

The US government speeds up drilling permit approvals

OPEC+ prepares for market uncertainty with continued 2 million b/d production cut

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

Horizons: three key findings from Q2 2021

OPEC+ surprises market as it extends output curbs

US Infrastructure bill bets on breakthrough technologies

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

Trade becomes a new tactic for curbing emissions

US E&Ps on a capital-raising spree

Upstream oil and gas: top trends and wildcards to watch in 2022

Oils & chemicals: 5 things to watch for in 2024

Big themes in 2022 for energy and natural resources

Carbon removal key to meeting Paris Agreement target

Trump’s tariff plan: implications for the future of global liquids trade

The US energy transition rides on the electric F-150

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