• Comment

  OPEC+ agrees to increase output after tense negotiations

  • 07 12月 2020

  Tense negotiations and rumours of a rift between Saudi Arabia and UAE ended with a compromise deal for OPEC+ on 3 December 2020. Despite concerns on oversupply for Q1 2021, the group agreed to increase output by 500,000 b/d in January. Production restraint is set at minus 7.2 million b/d instead of the Q4 2020 level of minus 7.7 million b/d.

• News Release

  India to overtake China as world’s largest LPG residential market by 2030

  • 06 10月 2020

  India is expected to overtake China as the world’s largest liquefied petroleum gas (LPG) residential sector market by 2030.

• Content

  ESG For Energy & Natural Resources

  • 02 11月 2020

  Defining and demonstrating ESG best practice has become a strategic imperative for the energy and mining sectors – and one of the most complex challenges.

• Editorial

  Nigeria's Petroleum Industry Bill scales new heights of fiscal complexity

  • 16 11月 2020

  Nigeria's latest attempt to reform its petroleum sector isn't just about finishing a job that started over 12 years ago. The government now seeks to make Nigeria's upstream, midstream and downstream competitive in the face of significant threats to oil demand, including the impacts of coronavirus and the energy transition.

• Opinion

  In conversation with Asia Pacific’s CEOs

  • 04 11月 2020

  We hosted the CEOs of PETRONAS, Santos and Medco, the chairman of Indian Oil Corporation, and many other senior executives from a range of leading oil and gas companies, utilities and banks over two days at our APAC Energy & Commodities Summit last month.

• Opinion

  Biden, China and politics of energy

  • 11 11月 2020

  As the new administration looks to take the US back into the Paris climate agreement, will the US and China work together on tackling global warming?

• Opinion

  Electric vehicles can help save the environment, but can they save the owner money?

  • 18 11月 2020

  Using Wood Mackenzie's Total Cost of Ownership (TCOO) Model to compare the potential cost of owning an EV against an ICE vehicle over 10 years, it's clear that three variables - incentives, fuel cost and depreciation - really make the difference.

• Opinion

  European refining at the Rubicon again – which assets will make it over?

  • 04 12月 2020

  European refining at the Rubicon again – which assets will make it over? Wood Mackenzie’s updated closure threat analyses 83 refineries in Europe and quantifies the risk of closure of each asset.

• Opinion

  Oil and refined products in 2025: a commodity trader’s guide

  • 14 4月 2025

  In an energy hungry world beset by growing trade tensions and shifting energy policy, volatility creates opportunity for commodity traders who can stay one step ahead of market shifts. So, what are the opportunities and challenges set to shape crude and refined product markets as 2025 progresses?

• The Edge

  What a future Ukraine peace deal means for energy (Part 2)

  • 26 3月 2025

  A windfall for Russian oil producers and impetus for upstream investment

• Opinion

  Global refinery closure outlook to 2035

  • 31 3月 2025

  Which refineries are at risk of closure by 2035? Explore the key threats to global refining, from carbon costs to market shifts.

• Opinion

  President Trump's inflation fight could put pressure on oil

  • 17 3月 2025

  President Trump's push to reduce energy prices faces challenges, with fluctuating oil prices and production hurdles, but his administration’s plan aims to reshape the future of US energy.

• Opinion

  Reduced flow on several US-bound Canadian pipelines following introduction of tariffs

  • 05 3月 2025

  On 4 March, the United States imposed 25% tariffs on imports from Canada and Mexico. A 10% exception was given to energy imports from Canada – including oil and gas – highlighting the imperative co-dependency between Canadian producers and US refiners.

• The Edge

  Majors' capital allocation in a stuttering energy transition

  • 03 3月 2025

  As energy transition challenges mount, oil and gas Majors are pivoting back to upstream - while NOCs step up their low-carbon commitments. What does this mean for the industry's future?

• Opinion

  The Trump administration remakes US environmental approvals

  • 21 2月 2025

  Discover how Trump's new environmental policies could reshape energy infrastructure and accelerate project approvals across the US.

• Opinion

  International Energy Week 2025: our key takeaways for oil & gas

  • 27 2月 2025

  As the publicity material for International Energy Week 2025 – held in London from 25-27 February – states, we live in an energy-hungry world. Amid growing trade tensions and shifting energy policy, what does that mean for oil and gas?

• Opinion

  Analysing the petroleum asphalt binder supply chain under energy transition scenarios

  • 20 1月 2025

  The Asphalt Institute Foundation commissioned Wood Mackenzie to analyse potential changes to asphalt binder supply chain in a world undergoing energy transition.

• News Release

  New mid-caps in Brazil aim to increase mature asset reserves almost 1 billion boe by 2035

  • 06 12月 2022

  With Petrobras divesting in many of its mature assets, new mid-cap upstream operators entering the Brazilian market will invest US$10 billion in capital investments during the next decade, boosting the production from these assets through 2027 and increasing remaining reserves by 980 million barrels of oil equivalent (mmboe) by 2035, according to a report from Wood Mackenzie, a Verisk business.

• News Release

  North America could play bigger role in future global bunker market

  • 20 3月 2017

  Alan Gelder, Vice President of Refining, Chemicals & Oil Markets, believes that North America has the opportunity to take a much bigger role in the future global bunker market.

• News Release

  OPEC producers key to world supply through to 2040

  • 16 7月 2018

  Global natural resources consultancy Wood Mackenzie sees OPEC maintaining its role as a key oil supplier through to 2040, although output from non-OPEC producers will help ensure adequate supply in the years to 2030.

• News Release

  China's mega crude-to-chemicals projects may deal knockout blow to regional PX exporters

  • 21 8月 2018

  Higher base chemicals demand and feedstock security for heavy naphtha are driving the development of a new wave of mega-integrated refinery and chemical sites in China. Private Chinese chemical producers, including Hengli and Rong Sheng, are back-integrating their chemical plants with refineries by building mega-integrated facilities. Wood Mackenzie expects these projects to come on stream in the next 12 to 24 months.

• News Release

  India to overtake China as world's largest oil demand growth centre by 2024

  • 03 9月 2018

  India's oil demand is expected to grow by 3.5 million barrels per day (b/d) from 2017 to 2035, accounting for one-third of global oil demand growth. India's demand is driven by rising income levels, an expanding middle class and a growing need for mobility.

• Comment

  India to double oil products growth in 2018

  • 19 1月 2018

  India is poised to double its oil product demand growth (190 kb/d) in 2018 after a sluggish 2017, when demand grew by only 93 kb/d. Last year, demand growth was at its slowest in the past three years.

• Editorial

  Australasia - Five themes to look out for in 2019

  • 19 12月 2018

  As 2018 draws to a close, Wood Mackenzie's experts discusses five key themes to look out for in Australasia's oil and gas industry in 2019.

• Opinion

  How Chinese PTA and MEG futures impact the polyester industry?

  • 30 1月 2019

  The two polyester feedstocks – purified terephthalic acid (PTA) and monoethylene glycol (MEG) – in the world's most important polyester market China, have recently moved towards a total paper business.

• Opinion

  Commodity slowdown in China could be different this time

  • 05 3月 2019

  In today's meeting of the National People’s Congress, China announced slower growth this year, with its gross domestic product (GDP) growth targeted at a range of 6 to 6.5% in 2019.

• Opinion

  China's refining sector to slowdown and reconfigure for energy transition

  • 15 3月 2019

  Refinery capacity is expected to continue growing in the medium term, but the pace of growth is expected to slow down considerably. Capacity additions are mainly from crude-to-chemicals projects, which aim to maximise naphtha production to meet the increasing petrochemical feedstock demand.

• Comment

  Aramco's $10bn bond underscores its vast global ambitions

  • 01 4月 2019

  Saudi Aramco’s decision to issue a $10 billion bond underscores how serious the company is about transforming itself into an international powerhouse across the oil and gas value chain, from upstream to petrochemicals.

• Editorial

  Automotive sales trends suggest higher oil demand in medium term

  • 04 4月 2019

  The vehicle industry’s shift towards cleaner technology is poised to throw a wrench in the oil market – but likely not for another decade. Demand growth from light vehicles and two-wheelers, a key sector which accounts for roughly 30% of the near 100 million b/d in global crude consumption, are expected to slow down over the next 10 years, and eventually begin to decline after 2030, with the rapid adoption of electric vehicles (EVs).

• Webinar

  Webinar: IMO 2020 impact on upstream producers, LNG and bulks

  • 07 5月 2019

  Join us on this upcoming webinar where our industry experts will discuss how and where the ripples will be felt as we edge nearer to the implementation date of 1st January 2020.