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Nuclear needs to be cost competitive with alternative power generation to enable net zero

18 五月 2023

Despite policy support and market growth, the biggest economic hurdle to the uptake of the latest nuclear and small modular reactors (SMRs) is cost, according to Wood Mackenzie report.

News Release

High quality oil and gas supplies are scarce, threatening emissions targets and a healthy energy transition

16 二月 2023

The energy transition will require oil and gas for decades to come, but the supply of lower-cost, lower-carbon “advantaged” barrels remain scarce, threatening emissions targets and causing upstream providers to pivot to new strategies, according to “Scraping the Barrel” a new Horizons analysis from Wood Mackenzie.

News Release

Russian refinery products will continue to flow in 2023 despite European price cap

31 一月 2023

The European Commission’s announcement that the EU is proposing a US$100 per barrel price cap on Russian oil products such as diesel, jet fuel and gasoline, and a US$45 per barrel cap on discounted products like fuel oil, would not severely impact Russian refiners according to Wood Mackenzie.

News Release

A better future for energy emerging from crisis

07 十二月 2022

Wood Mackenzie report offers five key developments for the energy sector over the next 12 months

News Release

Russia-Ukraine war could slow global economic growth to 2.5% this year

12 四月 2022

Global economic growth could slow to 2.5% year-on-year in 2022 and 0.7% in 2023 due to the Russia-Ukraine war, says Wood Mackenzie.

News Release

About 650,000 barrels per day of Russian crude oil to be ‘swapped’

05 四月 2022

About 650,000 barrels per day (b/d) of Russian crude oil are to be relocated from advanced economies, and the solution could be ‘crude swapping’, says Wood Mackenzie.

Comment

Australian alumina and bauxite ban to further disrupt UC Rusal’s supply chain

21 三月 2022

The latest sanctions by the Australian government in banning exports of alumina and bauxite to Russia adds further disruption to UC Rusal’s supply chain and ultimately on its ability to maintain normal primary aluminium production levels.

Comment

Coal prices spike as Russia-Ukraine crisis escalates

03 三月 2022

The Russia-Ukraine crisis has shocked the coal and the broader energy markets, with spikes in Newcastle prices observed in recent days, says Wood Mackenzie.

News Release

Bulks most affected by Russia-Ukraine conflict; rising power prices a key concern

15 二月 2022

Trade dislocations due to sanctions, high power prices and disruption to production facilities in the conflict zone are three major threats to the metals and mining industry as result of escalating conflict between Russia and Ukraine, says Wood Mackenzie.

News Release

Global gas and LNG – 6 trends to watch in 2022

13 一月 2022

Wood Mackenzie, releases its Global gas and LNG – 6 things to watch for in 2022 report.

News Release

Major energy exporters race to lead in global hydrogen trade

28 十月 2021

The time is ripe for the world's major energy exporters to accelerate the energy transition, and mastering the hydrogen trade could make a difference, says Wood Mackenzie.

News Release

Global energy storage set to triple in 2021

07 十月 2021

New research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), shows annual global storage deployments will nearly triple year-on-year, reaching 12 GW/28 GWh in 2021. Across the world, economic recovery is top of mind for politicians, with renewable energy integration taking centre stage. Despite disruptions from the Covid-19 pandemic, Wood Mackenzie’s Global Energy Storage Outlook, released today, forecasts nearly 1 TWh of total demand from 2021-2030.

News Release

OPEC+ maintains production plan

27 四月 2021

OPEC+ is, as expected, holding firm to its decision to increase supply, gradually and carefully, over the coming months.

Comment

OPEC+ surprises market as it extends output curbs

04 三月 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.

News Release

Resilience and sustainability to be core oil and gas themes of 2021

19 一月 2021

Wood Mackenzie’s latest analysis reveals that sustainability and resilience will be at the heart of the oil and gas industry story in 2021.

Comment

Market set to tighten as OPEC+ agrees to extend 9.7 million b/d output cut

06 六月 2020

OPEC+ today (6 June 2020) agreed a one-month extension of the 9.7 million barrels per day (b/d) production cut. The extension will tighten the market further and could see Brent prices rise from the current $40/bbl toward $45-to-$50/bbl.

Comment

Collapsing demand sets the terms in the OPEC+ battle for market share

09 四月 2020

Since OPEC+’s failure to agree on production restraint on 5-6 March, the implications of the Covid-19 pandemic have become far clearer, sparking a crisis in the oil market as prices fell and supply ramped up. The problem for these producers is the scale of the fall in oil demand, especially during April and forecast for Q2 2020. No matter the size of the varying forecasts, they all point to a challenging market that puts pressure on storage space and prices.

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.

News Release

Oil price rout: which supply is most at risk of shut-in?

27 三月 2020

The coronavirus pandemic is reducing oil demand. The OPEC+ production restraint agreement fell apart on 6 March and Saudi Arabia is rapidly increasing supply. The result: Brent crude has plunged to less than US$30/bbl. This will have a significant impact on currently producing fields and future supply. How low can the price go before different sources of production become uneconomic? Where are production shut-ins most likely? Can governments influence the result?

Comment

Industry slashes spending as price rout deepens: Can companies cope?

19 三月 2020

Survival mode has returned to the oil and gas sector as the oil price rout deepens. Corporate financials are in better shape than during the 2014/2015 crash, but room for manoeuvre is limited. Can companies cope with prices this low?

News Release

Oil price rout may trigger major industry shake-up

10 三月 2020

As global markets reel in the wake of the oil price crash, Wood Mackenzie’ corporate analysis team believes the price collapse could be the trigger for a new phase of deep industry restructuring - one that rivals the changes seen in the late-1990s.

News Release

OPEC+ ‘no deal’ a blow to the market

06 三月 2020

The OPEC+ meeting broke up without a deal, what does it mean for the markets?

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.

Comment

Deeper OPEC+ supply cuts sends supportive signal to markets

06 十二月 2019

After a marathon meeting, running late into the night of 5 December, the OPEC+ group has agreed to continue its current production restraint of 1.2 million barrels per day (b/d), and will add a further 0.5 million b/d of supply cuts through to March 2020.

News Release

OPEC+ set to make its choice

05 十二月 2019

OPEC+ gathers today and tomorrow to decide if the group should roll over its production restraint agreement or consider deeper cuts. The current agreement to reduce output by 1.2 million b/d runs to end March 2020. Ann-Louise Hittle, vice president, Macro Oils, said: “The idea of deeper cuts has been broached, but we consider that less likely to reach full agreement than a rollover of the standing agreement. The need for production restraint is clear. Slower US production growth is not enough to offset the ongoing imbalance between global supply and demand.”

News Release

Data consortiums signal the future of oil and gas

07 八月 2019

Wood Mackenzie believes that discovering new value requires going beyond isolated datasets. The solution lies in data consortiums – cooperative platforms where companies can safely share quality data.

News Release

OPEC+ aims for balance as it rolls over output curbs

02 七月 2019

Speaking as the OPEC and OPEC+ meetings ended in Vienna today, Ann-Louise Hittle, vice president, Macro Oils, at global natural resources consultancy Wood Mackenzie, said: “The agreement to roll over production restraint was a foregone conclusion after the green light from Russia’s president, Vladimir Putin, at the G20 meeting for continued production restraint."

News Release

Mitsui and JOGMEC join Arctic LNG-2

01 七月 2019

Arctic LNG-2 is a step closer to final investment decision (FID) with the entry of Japanese companies Mitsui and government-linked Japan Oil, Gas and Metals National Corporation (JOGMEC) into the project.

News Release

Exploration’s back in the black

04 二月 2019

After a difficult few years, the exploration sector is back in the black – and keen to stay there. New analysis from Wood Mackenzie shows that explorers’ success in 2018 reflects a disciplined approach that’s set to continue this year.

News Release

Upstream players need to boost spending to meet future demand

24 十月 2018

Wood Mackenzie forecasts that global oil and gas development spend needs to increase by around 20% to meet future demand growth and ensure companies sustain production next decade.

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Search results: 34

Nuclear needs to be cost competitive with alternative power generation to enable net zero

High quality oil and gas supplies are scarce, threatening emissions targets and a healthy energy transition

Russian refinery products will continue to flow in 2023 despite European price cap

A better future for energy emerging from crisis

Russia-Ukraine war could slow global economic growth to 2.5% this year

About 650,000 barrels per day of Russian crude oil to be ‘swapped’

Australian alumina and bauxite ban to further disrupt UC Rusal’s supply chain

Coal prices spike as Russia-Ukraine crisis escalates

Bulks most affected by Russia-Ukraine conflict; rising power prices a key concern

Global gas and LNG – 6 trends to watch in 2022

Major energy exporters race to lead in global hydrogen trade

Global energy storage set to triple in 2021

OPEC+ maintains production plan

OPEC+ surprises market as it extends output curbs

Resilience and sustainability to be core oil and gas themes of 2021

Market set to tighten as OPEC+ agrees to extend 9.7 million b/d output cut

Collapsing demand sets the terms in the OPEC+ battle for market share

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

Oil price rout: which supply is most at risk of shut-in?

Industry slashes spending as price rout deepens: Can companies cope?

Oil price rout may trigger major industry shake-up

OPEC+ ‘no deal’ a blow to the market

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

Deeper OPEC+ supply cuts sends supportive signal to markets

OPEC+ set to make its choice

Data consortiums signal the future of oil and gas

OPEC+ aims for balance as it rolls over output curbs

Mitsui and JOGMEC join Arctic LNG-2

Exploration’s back in the black

Upstream players need to boost spending to meet future demand