• News Release

  OPEC+ prepares for market uncertainty with continued 2 million b/d production cut

  • 06 12月 2022

  Speaking after today’s OPEC+ meeting, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said “The decision by OPEP+ to continue with its recently agreed 2 million barrels per day (b/d) production cut through the end of 2023 is not a surprise, given the uncertainty in the market over the impact of the 5 December EU Russia crude oil import ban and the G7 price cap. In addition, the producers group faces downside risk from the potential for weakening global economic growth and China’s zero Covid policy.”

• News Release

  Veritas Capital completes acquisition of Wood Mackenzie

  • 02 2月 2023

  Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced that an affiliate of Veritas has completed the purchase of Wood Mackenzie from Verisk (Nasdaq: VRSK).

• Opinion

  Horizons Live: Scraping the barrel

  • 07 3月 2023

  On this Horizons Live replay, Simon Flowers, Chairman and Chief Analyst, is joined by Andrew Latham, Vice President, Energy Research and Ann-Louise Hittle, Head of Macro Oils to discuss whether the world is running out of high-quality oil and gas.

• News Release

  Wood Mackenzie appoints new Chief Financial Officer

  • 27 3月 2023

  Wood Mackenzie, a portfolio company of Veritas Capital, has appointed Simon Crowe to its global executive leadership team as Chief Financial Officer (CFO), effective 27th March.

• Editorial

  How the bottom of the barrel became the top of refining margins

  • 29 4月 2019

  Despite the international phase-out for fuel oil, its crack spread hit 20-year highs

• Opinion

  Poor capital discipline will drive difficult decisions for refiners

  • 07 5月 2019

  Sustained oil demand growth provides an opportunity for the refining sector. But is the refining sector being overly optimistic about the scale of the opportunity? And is it over-investing in total crude capacity? Get the latest analysis from Alan Gelder.

• Opinion

  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.

• Opinion

  IMO 2020 and the rocky road to full compliance

  • 10 4月 2019

  Join our experts to tackle some of the industry's burning questions on IMO 2020 and the potential stumbling blocks.

• Opinion

  Uncertainty shrouds impact of IMO 2020

  • 26 2月 2019

  The International Maritime Organisation’s (IMO) major change limiting the airborne sulphur dioxide emissions from international shipping is now less than a year away. What impact can we predict with certainty, and what remains unknown?

• Editorial

  IMO aims to halve global shipping emissions – but what will it cost?

  • 12 4月 2018

  Global bunker fuel costs could rise by up to US$60 billion annually from 2020, in a full compliance scenario, when the International Maritime Organization's (IMO) 0.5 wt% sulphur cap for bunker fuels kicks in.

• Opinion

  Downstream integration: a peak demand strategy for NOCs

  • 27 11月 2018

  The prospect of peak oil demand undoubtedly introduces risks to the world's crude exporters. Although we predict global demand to continue to grow through 2035, there are already signals that decline is could be coming. So what does the scenario look like for resource-rich NOCs?

• Editorial

  OPEC extends production cuts through 2018

  • 30 11月 2017

  A 9-month extension to the current OPEC agreement will help sustain prices in a global market that's still uneasy going into 2018.

• Opinion

  Russia also matters in refining, but has its appetite to invest waned?

  • 21 11月 2018

  Russia is a major energy exporter and a key player in the global energy market. Despite its 6.5 million barrels per day of refining capacity, its critical role in the global refining industry is not often recognised. Alan Gelder explains Russia's role and influence in the global energy market.

• Opinion

  Regulatory clouds darken a bright outlook for refining

  • 27 7月 2018

  The spotlight fell on the refining sector in 2015 as the oil price collapsed and oil demand surged, resulting in a record year for global refining margins. How long can this picture of rude health continue?

• Comment

  US sanctions increase pressure on Venezuela

  • 30 1月 2019

  The US is poised to impose fresh sanctions on Venezuela, ratcheting up the stakes in the country's political crisis by curbing the Maduro government's access to cash from crude exports.

• 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.

• Webinar

  Webinar | The Great North American Crude Pipeline and Infrastructure Buildout: Quantifying the Impacts

  • 27 6月 2019

  Join us on Thursday, June 27, as we outline the new tools offered with Wood Mackenzie's North American Crude Market Service. With our new enhancement, you can forecast oil pipeline and export terminal utilization and economics down to the crude grade.

• Comment

  PES refinery fire halts gasoline production

  • 21 6月 2019

  A large fire at the Philadelphia Energy Solutions (PES) oil refinery in Philadelphia has halted gasoline production at the complex.

• Comment

  PES to close oil refinery after fire damage

  • 26 6月 2019

  Philadelphia Energy Solutions (PES) will close its oil refinery in the city, following a large fire last week that damaged the complex.

• Webinar

  Webinar | The deepwater recovery: are we entering a new cycle?

  • 18 7月 2019

  Please join the Upstream Supply Chain team's upcoming webinar to hear the latest forecasts and trends driving the offshore oil and gas market.

• News Release

  No-Deal Brexit won’t sound death knell for UK refiners

  • 23 8月 2019

  Despite speculation that a No-Deal Brexit would have a severe impact on the UK refining industry, Wood Mackenzie’s analysis indicates that while the sector’s dynamics would shift and margins will narrow, it would not be crippled.

• Comment

  Attack on Saudi Arabia's oil facilities

  • 16 9月 2019

  This attack has material implications for the oil market, as a loss of 5 million barrels per day of supplies from Saudi Arabia cannot be met for long by existing inventories and the limited spare capacity of the other OPEC+ group members. A geopolitical risk premium will return to the oil price.

• Webinar

  Webinar | Global Oil Market Implications

  • 09 3月 2020

  Rapidly reacting to the oil market price crash, our experts discussed the immediate drivers influencing the market today and what we expect to happen as this continues to unfold. Our Vice Chair - Americas, Ed Crooks was joined by a panel of Wood Mackenzie’s experts to discuss: Immediate repercussions of the OPEC+ group failing to reach a deal Lessons learned from previous oil price crashes - what's different this time? The Lower 48 fallout - what happens next? The Corporate response - what does it mean for the industry's biggest players

• Comment

  What does the US-China trade deal mean for refiners - and for the market?

  • 20 1月 2020

  After over a year of trade tensions, the US and China signed a “phase one” trade deal on 16 January. As part of the deal, China has agreed to increase the value of energy imports by US$52.4 billion above 2017 levels over the next two years. What could it mean for the oil market?

• Comment

  India's 2020 energy outlook

  • 23 1月 2020

  India's 2020 energy outlook