Energy transition to drive refinery and petrochemicals integration

• 16 2月 2021

2020 was a difficult year for the world’s refineries as the coronavirus pandemic reduced refinery utilisation and OPEC+ supply restraint narrowed crude price differentials. Despite this, integrated refinery and petrochemical sites significantly outperformed their fuels-only peers, according to Wood Mackenzie.

Oils & chemicals: 5 things to watch for in 2025

• 11 12月 2024

Our view of the year ahead, including the impact of Trump's re-election on our oil price forecast, a look at refining margins, ethylene capacity and China's overcapacity affects downstream chemicals markets.

Macro Oils Service

Easily understand trends in the global oil market with our informed, independent view on oil prices and their key drivers.

Macro Oils Service

Easily understand trends in the global oil market with our informed, independent view on oil prices and their key drivers.

Oils & chemicals: 5 things to watch for in 2024

• 11 1月 2024

Calmer waters are expected for the oils, refining and chemicals industries in 2024 – but that doesn’t mean it’s plain sailing. What are the top trends to track for the year ahead?

Oil supply cuts could curtail 15% of ethylene supply in Middle East

• 13 5月 2020

Approximately 15% of ethane-based ethylene supply in the Middle East could be lost this year due to oil supply dynamics, according to new analysis from Wood Mackenzie. This equates to around 1.5 million tons of ethylene.

4 key refining and chemical themes from Moscow

• 23 4月 2019

We've condensed dozens of discussions at Wood Mackenzie's first Russia downstream forum and the 7th CIS Petrochemicals 2019 Conference into 4 of the hottest topics.

Four signposts for the chemicals industry under a Biden administration

• 16 11月 2020

The Democrats are expected to retain control of the US House of Representatives, but the Senate will be determined by upcoming run-offs in the state of Georgia. While the chemicals sector is expected to see few direct impacts, there are several themes that should be watched closely.

Global olefins: 10 trends to watch as coronavirus reshapes the industry

• 05 5月 2020

The coronavirus outbreak is having a transformational effect on global olefins. Supply, demand, trade, pricing, costs and margins are all being impacted to the extent that it will undoubtedly reshape the wider industry. So, what forces are defining the ‘new normal’?

What do the Saudi attacks mean for Asia?

• 20 9月 2019

September 14 drone strikes on Saudi Arabian oil and gas infrastructure at Abqaiq and Khurais highlighted the vulnerability of Asia's oil markets to an attack on facilities in the Middle East. Analysis from Gavin Thompson.

Crisis in Ukraine: the global risks to commodities

• 25 2月 2022

The invasion of Ukraine has had an immediate effect on the global economy and markets. What are the lasting implications for commodities?

Why refinery-petrochemical integration is the downstream trend to watch

• 16 2月 2021

A tumultuous year has highlighted some key truths for the downstream sector – and new performance benchmarks are being set.

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

• 18 6月 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.

2021 – cheerful or fearful?

• 13 1月 2021

And after the 12 months we’ve all just experienced, making bold predictions for the year ahead is more fraught than ever: nothing is off the table.

US E&Ps on a capital-raising spree

• 26 3月 2021

Near-zero interest rates and higher oil prices have created ideal conditions for E&Ps to issue debt. Will the capital inflows enable them to ramp up activity faster?

China’s solar growth sends module prices plummeting

• 05 4月 2024

Excess capacity has sent solar panel prices tumbling. In the early 2010s, the stretch goal was to get the cost down to 50c a watt. Now they are selling in China for just 11c. That is great for solar deployment, but less good for manufacturers.