Conventional pre-FID breakevens give the Lower 48 a run for its money

• 14 March 2018

Analysis of global oil cost curves indicates that many conventional pre-FID projects – even deepwater developments - are now competitive on a breakeven basis with US Lower 48 tight oil. However, this competitiveness has come at the expense of volumes. The trade-off of cost efficiency versus volumes means that in the medium- to long-term, the cost of supply is set to increase, highlighting the US Lower 48’s role as an important marginal barrel producer.

Stability of Russian gas flows remain uncertain, despite the reopening of Nord Stream

• 21 July 2022

Gazprom confirmed today that regular annual maintenance of Nord Stream is officially over and gas flows restarted at 63 million cubic metres per day (mcm/d) – 40% of the pipeline’s overall capacity. The European gas market has reacted, with prices down by 5%; but the stability of Russian gas flows is by no means a given, according to analysts at Wood Mackenzie.

OPEC+ set to make its choice

• 05 December 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.”

Australia’s gas conundrum

• 19 March 2021

While it may well claim the crown of world’s largest LNG exporter in 2021, Australia faces rising problems with its gas.

Batteries with Chinese characteristics

• 10 February 2021

At present, China accounts for almost 75% of global lithium-ion battery manufacturing capacity and this share is set to increase through the short term with its build-out of new facilities.

India's GST - A boon for oil markets?

• 16 November 2017

The introduction of India's Goods and Services Tax (GST) has lifted oil demand in the country this year. Crude oil, natural gas, diesel and gasoline are currently exempt from the GST. However, diesel and gasoline demand are indirectly affected by the impact of GST on vehicle prices and sales, especially in the logistics sector.

OPEC+, Covid-19 and energy transition – 3 themes impacting oil markets and refining in 2021

• 28 January 2021

Wood Mackenzie’s latest outlook report shows that the art of balancing oil markets and the refining sector in 2021 hinges upon three key themes – OPEC+ production, Covid-19 developments, and the energy transition.

Myanmar’s woes increase

• 15 April 2021

Less than six years after the National League for Democracy won a landslide election victory after more than half a century of military rule, the country’s generals are once again in control. Already hundreds of civilians have been killed protesting the February 1 coup, leading to international condemnation and the imposition of economic sanctions by many western governments.

Wood Mackenzie's accelerated energy transition 2-degree scenario: what it means for gas and LNG

• 09 April 2021

How could a 2-degree world play out in the future for the global gas and LNG markets?

Could oil Majors and Independents generate record free cash flow this year?

• 25 February 2021

IOCs have just been through one of their toughest ever years. But the sector is primed for a V-shaped free cash flow recovery, potentially to record levels. What’s fuelling the shift in fortunes, and how will it shape corporate priorities?

Can Australian operators prioritise the decarbonisation of LNG in a high-priced world?

• 10 May 2022

Join us for our 'Can Australian operators prioritise the decarbonisation of LNG in a high-priced world?" webinar when we will discuss the latest research and developments in the region.

North Sea Oil and Gas Outlook

• 29 February 2024

Join our upcoming webinar on the 29th February, focusing on the 2024 outlook for North Sea oil and gas.

Namibia faces setback as Shell downgrades oil discoveries

• 27 January 2025

Explore Shell's downgraded Namibian oil discoveries in the Orange Basin and the challenges of deepwater exploration. Learn about Namibia's subsurface potential, exploration risks and future prospects for deepwater oil production.

What a difference a year makes – Asia’s energy leaders discuss an uncertain future

• 21 October 2021

Last month, we hosted our annual Global Energy Summit. The Asia Pacific session welcomed a range of senior industry leaders from across the energy and natural resources sectors to debate our topic of Net Zero and the Future of Energy.

China retaliates with tariffs on $34 billion worth of US goods

• 18 June 2018

Following China's imposition of retaliatory tariffs on US goods over the weekend, our experts weigh in on the potential impact the move will have on different commodities.

Asia Pacific: a changing outlook for commodities

• 30 August 2022

A preview of our Energy & Natural Resources Summit: APAC

M&A Service

Keep abreast of M&A developments, emerging trends and acquisition opportunities.

Unlocking the potential of white hydrogen

• 25 July 2024

Faced with high costs, midstream transportation challenges and the slow development of demand, the low-carbon hydrogen economy is facing lowered expectations around its growth in the near term. Gavin Thompson, Vice Chair, EMEA, spoke to Richard Hood and Kate Adie from our Subsurface research team, authors of our recent analysis of white hydrogen’s potential.

Gas prices enter a bearish spring amid crude market volatility

• 17 April 2025

As winter fades, so too has the support for natural gas prices. Henry Hub is entering a bearish spring, driven by a potent mix of waning heating demand, surging supply, and mounting macroeconomic uncertainty.

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

• 09 April 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.

Few oil and gas companies commit to Scope 3 net zero emissions as significant challenges remain

• 28 October 2022

Scope 3 emissions account for 80-to-95% of total carbon emissions from oil and gas companies. But only a small number of these firms have set Scope 3 net zero ambitions, according to a recent report from Wood Mackenzie.

US and China sign Phase One trade deal

• 16 January 2020

Wood Mackenzie's Gavin Thompson provides a commentary on the US-China Phase One trade deal

Russian refining outages surge on Ukraine drone attacks: three key questions answered

• 21 March 2024

Russian waterborne product exports see substantial cuts, will crude loadings be next?

LNG versus pipeline gas: how do lifecycle emissions compare?

• 25 June 2017

Carbon emissions intensities for natural gas projects can differ drastically – we analyse the many variables at play.

India commissions first east coast LNG terminal

• 07 March 2019

India's first east coast regas project, Ennore LNG terminal, was commissioned yesterday by Indian Oil Corporation (IOCL). Wood Mackenzie's senior analyst Kaushik Chatterjee shares the significance of this project and how this marks the beginning of India doubling its regas capacity to 56.5 million metric tonnes per annum (mmtpa) by 2025.

What does the Glasgow Climate Pact mean for Asia’s energy companies?

• 25 November 2021

Much has been discussed on the implications of the Glasgow Climate Pact for the global economy and energy markets. And while measurable progress has been made in each field, there is no denying much work remains to be done.

Full steam ahead: the changing outlook for global marine fuels to 2050

• 20 August 2024

Global maritime trade set to grow by more than 40% by mid-century.

The Biden administration struggles to get a grip on fuel prices

• 19 November 2021

Rising gasoline prices have become an economic problem for the US, adding to concerns about inflation, and a political problem for President Joe Biden. The administration has been trying different ways to bring them down, without much success.

ONGC outlines 2040 strategic vision

• 24 August 2019

India's national oil company ONGC has just unveiled its 2040 strategy. Get our latest analysis.

Gas prices are rising and the demand for renewable energy is growing

• 11 September 2025

Inside look at how solar industry leaders are navigating policy chaos while demand for clean energy soars to unprecedented levels