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At the start of the year, we predicted that around 20 to 25 major new upstream projects would be sanctioned in 2017, roughly double the score for 2016. So, as we approach the year’s halfway mark, how is our forecast faring?
We've distilled our outlook into five charts that examine global supply by fuel, demand by country and emerging markets in Asia Pacific.
Does the recent sale of its BOPP and BOPET assets to Jindal Poly Films mean Dupont has left these markets for good? Simon King considers the deal.
ExxonMobil acquired Jurong Aromatics in May 2017, strengthen its aromatics supply position in south east Asia.
At the 2017 DUG Permian Conference, three main themes stood out.
Major transactions within Europe’s oil storage sector have resulted in an estimated 22 million barrels of capacity changing hands in 2016.
President Trump is reviewing the US commitment to the 2015 Paris climate agreement (known as COP21). How will his actions affect the global coal market?
Steve Zinger discusses the five market changes which are set to make waves in the global petchems markets.
NAPE 2017 was a great show, and optimism is back in the oil patch.
The recent PET 2020 conference in Brussels brought the industry together to reflect on how Europe's PET recycling model has become a benchmark in the wider market.
Despite the LNG industry’s well-documented challenges, there are reasons to be positive.
The dramatic fall in oil prices has forced the industry to look hard at capex plans and the efficiency of operating assets and functions, with significant downward pressure on rates.
Governments are telling the oil companies that they need to ‘do a Leicester’. That is, maintain (or even improve on) their best performance — investment, production — but at a fraction of the cost.
The fact is that the industry faces a structural cost problem which was easy to hide in the days of US$100 oil but less so today.
Brazil’s natural gas industry and that of its neighbors in the Southern Cone, such as Argentina and Chile, have labelled gas the ‘fuel of the future’. Has that future finally arrived?
As Sanders takes New Hampshire, how would a fracking ban hit the Lower 48? Ed Crooks quantifies the impact of a ban.
We answer frequently asked questions about the fast-growing energy storage market
A look at the potential impact of Covid-19 on steel, iron ore, metallurgical and thermal coal.
The Covid-19 outbreak could spark an increase in China’s relatively low consumption of flexible packaging.
The coronavirus outbreak is a rapidly evolving news story – and a real wildcard for bulks demand. Here's a summary of our latest forecasts for steel, iron ore, metallurgical coal and thermal coal.
As the coronavirus outbreak and subsequent stock market rout and collapse in oil prices now highlights, central banks are critical players in efforts to ensure economic stability through monetary policy and market intervention.
Recent events have created a perfect storm in the oil markets, the likes of which have never been seen before. Do these clouds carry any silver lining? Listen to the latest episode of the Asia Pacific Energy podcast.
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.
Oil demand has gone into a tailspin. We now expect Q1 global oil consumption to be 2.7 million b/d lower than the same period a year ago.
Fast, deep cuts lie ahead in the Asia Pacific upstream sector in the wake of the oil price crash.
The coronavirus pandemic and collapse in OPEC+ production restraint has seen Brent reach its lowest point since 2003. Can the North Sea weather the storm?
The oil market is in a state of flux. Prices have fallen dramatically, and demand has taken a hit as measures are introduced across the globe to combat the spread of coronavirus. Saudi Arabia and Russia’s competition for market share has only exacerbated weak demand.
As the battle against the coronavirus outbreak intensifies across the globe, positive news is in short supply. But in a world turned upside down, rising levels of air pollution in China indicate that a recovery is now underway.
The coronavirus crisis will cause global wind additions in 2020 to decline by 4.9GW when compared to Wood Mackenzie’s previous projections. Due to other market changes since Wood Mackenzie’s Q4 2019 update, total forecast wind additions for 2020 is now expected to be 73GW.
Having demonstrated remarkable resilience for the past two months, the price of iron ore has taken a big hit this week – and we think it's the start of a trend, not a blip.
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