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China’s demand drops for first time since 2009 as coronavirus hits oil markets

04 February 2020

The near-term impact of the coronavirus outbreak on oil demand remains uncertain as much depends upon when and how China’s manufacturing industry restarts after the currently extended Lunar New Year public holiday.

News Release

2020 gets off to a bumpy start for the refining sector

21 January 2020

This year may prove to be a strong one for the refining sector, but 2020 has had a difficult start. Wood Mackenzie expects some turbulence this year as a number of factors come together – geopolitical risk, the impact of IMO 2020 regulations, and US tight oil production slowing, among them.

Comment

China bans single-use plastic

20 January 2020

On 19 January, China's National Development and Reform Commission and the Ministry of Ecology and Environment announced policies aimed at restricting production, sale, and use of single-use plastic products.

News Release

Iron ore – 5 things to watch in 2020

20 January 2020

Slower demand growth (especially in China) and a decent recovery in seaborne supply will continue to feature prominently in the iron ore industry in 2020. Prices will fall, with annual average price forecast for 2020 at $80/t.

Comment

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

News Release

Volkswagen to become world’s largest electric vehicle manufacturer by 2028

14 January 2020

Volkswagen has pledged to become carbon-neutral by 2050. Included in its roadmap for reaching this target is a plan to manufacture 22 million electric vehicles by 2028. Wood Mackenzie expects the company to miss this target. However, according to Wood Mackenzie's analysis, VW will hit 14 million EVs by 2028 - making it the world's largest EV manufacturer by the end of the decade.

Comment

Deeper OPEC+ supply cuts sends supportive signal to markets

06 December 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 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.”

News Release

JCC-indexed LNG contracts could lose US$15 billion value post IMO 2020

21 November 2019

Wood Mackenzie’s latest report reveals that LNG sellers with contracts linked to JCC (Japan Crude Cocktail) could lose some US$15 billion in unearned revenues. This is a result of the IMO 2020 regulation limiting sulphur content of marine fuels to up to 0.5%, which directly affects the price of sour crudes such as those composing the JCC mix. The IMO 2020 kicks in on 1st January 2020.

News Release

Seismic changes across upstream as industry grapples with energy transition

12 November 2019

The energy transition is undoubtedly impacting corporate upstream strategies in significant and disruptive ways. Coupled with the post-2014 downturn in oil prices, Wood Mackenzie sees seismic changes in the way the industry allocates capital across development, exploration and in particular M&A.

Comment

Total expands partnership with Adani on India's gas market

14 October 2019

Total announced today its partnership with Adani Group which includes two LNG terminals, Dhamra in East India and potentially Mundra in the West, as well as Adani Gas Limited, one of the 4 main distributors of city gas in India of which Adani holds 74.8% and of which Total will acquire 37.4%.

Comment

Santos to acquire ConocoPhillips northern Australian assets

14 October 2019

Santos announced today its plans to acquire ConocoPhillips’s northern Australian portfolio. This is a logical and attractive transaction for a number of reasons.

News Release

Wood Mackenzie’s new data technology transforms upstream valuations

09 October 2019

Natural resources research and consultancy Wood Mackenzie launches the world’s first Global Upstream Valuation solution, enabling organisations from the largest oil and gas companies to global banks to value assets around the globe in seconds.

News Release

What are ExxonMobil’s top 5 divestment targets in Asia Pacific?

07 October 2019

Wood Mackenzie has identified the five most likely disposal candidates after ExxonMobil signalled the start of its Asia Pacific divestment programme. Together, these opportunities are worth US$5 billion, and could contribute a third of the Supermajor's global divestment target.

Comment

TechnipFMC demerger 'a bold step to reposition for the long-term'

27 August 2019

In 2017 Technip and FMC Technologies completed one of the hallmark oilfield service company mergers of the cycle. The business plans to split in the first half of 2020 – but not back into Technip and FMC - rather into ‘upstream’ and ‘mid/downstream’.

News Release

Data consortiums signal the future of oil and gas

07 August 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

Tsingshan Indonesia shakes up stainless steel markets in South East Asia

15 July 2019

Shockwaves from Tsingshan's new stainless steel hub in Indonesia are reverberating across South East Asia and beyond, according to Wood Mackenzie

Comment

China’s textile production rises on fears of worsening trade tensions

15 July 2019

According to research by Wood Mackenzie, Chinese textile producers are increasing production as fears grow that the trade war with the US will hurt exports of apparel and other textile products as soon as the fourth quarter of 2019.

News Release

OPEC+ aims for balance as it rolls over output curbs

02 July 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 July 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

Top 5 turbine OEMs to rule two thirds of global market by 2020

19 June 2019

After a decade of fragmentation, the top 5 turbine OEMs have reached industry consolidation. Key global players are expected to surpass a combined market share of 68% by 2020, up from 47% 5 years ago, according to recent research from Wood Mackenzie Power & Renewables.

Comment

Shell's Prelude ships first LNG cargo

12 June 2019

Wood Mackenzie senior analyst Daniel Toleman shares his thoughts on the event of Prelude's first LNG cargo.

Comment

Scott Morrison wins 2019 Australia election

20 May 2019

Following PM Scott Morrison's win in the recent 2019 Australia election, Wood Mackenzie and Verisk Maplecroft analysts share their thoughts.

Comment

Trump's latest China tariffs - what do they mean for metals and mining?

10 May 2019

The U.S has increased tariffs on $200bn of Chinese goods to 25%, from 10%, impacting a number of metals. Commentary below comes from the Wood Mackenzie metals team:

Comment

Chevron exits bidding war for Anadarko

09 May 2019

Chevron Corporation today announced that it would not offer a counterproposal to Occidental Petroleum's rival bid to acquire Anadarko Petroleum.

Comment

IMO 2020 – what does it mean for downstream, upstream, LNG and bulks sectors?

07 May 2019

Implementation of IMO 2020 regulation is just eight months away and its implications will be felt beyond refining and shipping. Wood Mackenzie's Asia Pacific experts weigh in on what this means for the different sectors.

News Release

Southeast Asian upstream M&A could hit US$14 billion

25 April 2019

According to a new report by Wood Mackenzie, Southeast Asia could take centre stage in the region's upstream M&A activity in 2019, with up to US$14 billion worth of assets potentially switching hands.

Comment

China restricts seaborne coal imports

25 February 2019

Wood Mackenzie analysts Yu Zhai and Robbin Griffin comment on the recent restriction of seaborne coal imports by China.

News Release

Brulpadda delivers the goods for Total

07 February 2019

French major Total and its partners, Qatar Petroleum, Canadian Natural Resources, and Main Street, have made a potentially play-opening discovery with the Brulpadda-1 well, in South Africa’s deepwater Outeniqua basin, about 180 kilometres south-east of PetroSA's Mossel Bay gas-to-liquids plant.

News Release

Smoother sailing ahead for upstream supply chain players

06 February 2019

The global offshore upstream supply chain saw signs of recovery in 2018, and this looks set to continue in 2019, according to global natural resources consultancy Wood Mackenzie. As project FIDs increase, demand for equipment and services are buoying the prospects for the upstream supply chain.

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Search results: 2486

China’s demand drops for first time since 2009 as coronavirus hits oil markets

2020 gets off to a bumpy start for the refining sector

China bans single-use plastic

Iron ore – 5 things to watch in 2020

US and China sign Phase One trade deal

Volkswagen to become world’s largest electric vehicle manufacturer by 2028

Deeper OPEC+ supply cuts sends supportive signal to markets

OPEC+ set to make its choice

JCC-indexed LNG contracts could lose US$15 billion value post IMO 2020

Seismic changes across upstream as industry grapples with energy transition

Total expands partnership with Adani on India's gas market

Santos to acquire ConocoPhillips northern Australian assets

Wood Mackenzie’s new data technology transforms upstream valuations

What are ExxonMobil’s top 5 divestment targets in Asia Pacific?

TechnipFMC demerger 'a bold step to reposition for the long-term'

Data consortiums signal the future of oil and gas

Tsingshan Indonesia shakes up stainless steel markets in South East Asia

China’s textile production rises on fears of worsening trade tensions

OPEC+ aims for balance as it rolls over output curbs

Mitsui and JOGMEC join Arctic LNG-2

Top 5 turbine OEMs to rule two thirds of global market by 2020

Shell's Prelude ships first LNG cargo

Scott Morrison wins 2019 Australia election

Trump's latest China tariffs - what do they mean for metals and mining?

Chevron exits bidding war for Anadarko

IMO 2020 – what does it mean for downstream, upstream, LNG and bulks sectors?

Southeast Asian upstream M&A could hit US$14 billion

China restricts seaborne coal imports

Brulpadda delivers the goods for Total

Smoother sailing ahead for upstream supply chain players

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