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Below zero: what the WTI crash means for US and global markets

21 4月 2020

On Monday, April 20, WTI dipped to minus $37.63, collapsing under the weight of global oversupply and sharply reduced demand due to the Covid-19 pandemic. We asked our experts on supply and demand dynamics, infrastructure, and financial markets to shed light on these historic numbers and discuss what we can expect in the near and longer-term.

Editorial

Oil price crash: 3 things you need to know today

10 3月 2020

On Monday 9th March 2020, the oil price saw its biggest fall in 30 years. Here’s our analysts’ rapid response to the oil price crash. Look out for more detailed analysis in the days and weeks to come.

The Edge

Oil closes in on peak oversupply

28 4月 2020

The steep decline in oil demand is putting the entire system under pressure. Will there be sufficient storage globally to cope? Will we see more production shut-in? What are the prospects for demand recovery? Find out more in this week's Edge.

News Release

Key things to watch in upstream in 2024

11 1月 2024

Geopolitical tensions, a record year for elections and economic uncertainty will define the backdrop to the upstream industry in 2024. Wood Mackenzie recently released its What to Look for in 2024 upstream series. Key themes to watch in global and corporate upstream include continued consolidation, increased activity from NOCs, reversing decarbonisation gains, shifts in strategic playbooks and an upstream investment plateau.

The Edge

Can upstream deliver the oil and gas supply the world needs?

17 8月 2023

Assessing the risks in a strong investment upcycle

Comment

What next for the oil market as the US reimposes sanctions on Iran?

06 11月 2018

What next for the oil market as the US reimposes sanctions on Iran?

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

The Edge

What can Guyana learn from the Venezuela crisis?

19 2月 2019

Lessons for Guyana's oil and gas industry from Venezuela.

Opinion

US tight oil piles pressure on refiners

01 10月 2018

Alan Gelder looks at the ways in which US tight oil has revolutionised the global oil market. This article first appeared on Forbes.com on September 27, 2018.

The Edge

Global upstream investment – set to rise in 2017

08 12月 2016

Chief Analyst Simon Flowers expects prices to rise and US tight oil to lead the industry out of the downturn.

The Edge

Shifting risks in global oil supply

06 10月 2017

If the demand side of the equation is relatively predictable, oil supply is notoriously difficult. Many of the market’s most colourful moments through history have revolved around supply, with OPEC at the centre of most in the last six decades.

Opinion

Tariffs begin to redirect global energy trade flows

06 5月 2025

The full impact of the new tariffs has not yet worked through world markets, but US energy exports to China have been falling

Opinion

Oil price crash - where does Asia go from here?

17 3月 2020

Oil demand has gone into a tailspin. We now expect Q1 global oil consumption to be 2.7 million b/d lower than the same period a year ago.

The Edge

Big themes in 2022 for energy and natural resources

14 12月 2021

What will shape the world of energy and natural resources in 2022? Simon Flowers picks five key themes, from the energy crisis to the metals supercycle, transition cost challenges, higher investment and the chances of US$100/bbl oil.

Opinion

COP26 oil demand: in the cross hairs of emissions reduction

18 8月 2021

Our COP26 briefing considers the implications for the oil market and refining industry of a global concerted effort to reduce emissions and limit a temperature rise by 2050 to 2 °C.

Opinion

Global upstream: four big themes to watch

28 3月 2023

From energy security to Upstream 2.0, our Global Upstream Update explores some of the biggest issues facing the industry.

Editorial

US upstream: what to watch for in 2017

23 1月 2017

We present five of our predictions for 2017, focusing on the US upstream industry.

Editorial

North America crude markets, the outlook for oil and the Russian gas route to market

30 7月 2019

Hot topics from our most popular reports: Permian cube development potential, a long-term outlook for oils and Russian gas infrastructure and production hotspots

Editorial

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?

Featured

How 2020 dealt tight oil another blow

17 9月 2020

In this special report about tight oil, Linda Htien, Senior Research Manager, US Lower 48 Upstream Research, and Ann-Louise Hittle, Vice President, Oils Research examine the forces slowing the growth of tight oil

Editorial

What is the global upstream outlook for 2017?

24 1月 2017

Although 2017 brings a myriad of uncertainties, the new year also ushers in much-anticipated optimism for the global upstream industry.

News Release

Action to achieve Paris climate goals will upend oil and gas prices

15 4月 2021

If the world acts decisively to limit global warming to 2°C by 2050, the scale of change will revolutionise the energy industry. Progressive electrification will squeeze the most polluting hydrocarbons out of the energy mix, nearly eliminating their markets. Oil demand will shrink, and with it, so will the power of major oil producers. Gas demand will remain resilient, but business models will need to evolve.

Featured

How will the oil price crash hit the upstream sector?

20 3月 2020

How will the oil price crash hit upstream spending? What supply might be shut in? Where does this leave the upstream service sector? Our experts share their analysis.

The Edge

What different scenarios tell us about the future of oil and gas

21 5月 2021

What does a net-zero pathway mean for the oil and gas industry? As capital markets and an ever-widening stakeholder community demand clarity and action on decarbonisation, more of our customers are talking to us about how they should incorporate such scenarios into their planning.

The Edge

Big themes and risks for energy in 2021

11 12月 2020

After a tumultuous 2020, what will shape the energy world in 2021? We look at five themes to watch – economic boom, action on climate change, oil demand, industry finances and upstream investment.

Opinion

The coronavirus crisis: assessing the impact on energy

27 3月 2020

Demand for oil, gas and power is recovering in China, but falling sharply in the rest of the world. The coronavirus pandemic has already had a profound impact on energy, with oil prices plunging and companies taking an axe to their capital spending plans. But the implications of the crisis are only just starting to emerge.

Opinion

The Texas energy crisis: its causes and consequences

19 2月 2021

Freezing conditions in the southern US led to blackouts and a slump in gas production. What can we learn from the crisis?

Opinion

Predictions for energy and natural resources in 2025

13 12月 2024

The impact of Chinese EVs, ambitious NOCs, the Saudi storage boom and more, as Wood Mackenzie analysts look ahead to next year

Opinion

An ADNOC trilogy (part 3): big gas ambitions

15 9月 2023

ADNOC’s gas self-sufficiency strategy relies on the development of ultra sour, unconventional, and gas cap resources – but the cost and complexity are impeding progress

Opinion

The US tight oil industry grows up

23 6月 2023

As the E&P sector embraces capital discipline and stability through the cycle, the US may be losing its role as a swing producer

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Your search for opec has returned 176 results

Below zero: what the WTI crash means for US and global markets

Oil price crash: 3 things you need to know today

Oil closes in on peak oversupply

Key things to watch in upstream in 2024

Can upstream deliver the oil and gas supply the world needs?

What next for the oil market as the US reimposes sanctions on Iran?

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

What can Guyana learn from the Venezuela crisis?

US tight oil piles pressure on refiners

Global upstream investment – set to rise in 2017

Shifting risks in global oil supply

Tariffs begin to redirect global energy trade flows

Oil price crash - where does Asia go from here?

Big themes in 2022 for energy and natural resources

COP26 oil demand: in the cross hairs of emissions reduction

Global upstream: four big themes to watch

US upstream: what to watch for in 2017

North America crude markets, the outlook for oil and the Russian gas route to market

Crisis in Ukraine: the global risks to commodities

How 2020 dealt tight oil another blow

What is the global upstream outlook for 2017?

Action to achieve Paris climate goals will upend oil and gas prices

How will the oil price crash hit the upstream sector?

What different scenarios tell us about the future of oil and gas

Big themes and risks for energy in 2021

The coronavirus crisis: assessing the impact on energy

The Texas energy crisis: its causes and consequences

Predictions for energy and natural resources in 2025

An ADNOC trilogy (part 3): big gas ambitions

The US tight oil industry grows up