OPEC+ set for rollover but risk clouds supply outlook

• 30 6月 2019

As OPEC and OPEC+ meet in Vienna, the outlook for the market is mixed, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie said. “Geopolitical risk means the supply outlook is tightening, offsetting the moderate weakening in oil demand growth thus far this year,” she said.

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.

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?

New CEO Looney rings changes at BP with ambitious climate plan

• 12 2月 2020

Speaking after BP’s new chief executive Bernard Looney unveiled the major’s ambitious climate commitments today, Luke Parker, vice president, corporate analysis, said: “BP joins Shell, Total, Equinor and Repsol in making a major commitment to reduce its net carbon footprint. “This marks a major turnaround in BP’s position. Just 12 months ago former CEO Bob Dudley said the company could not be held accountable for how people use its products. Looney is taking the company in a very different direction.” Parker added: “It’s an ambition, rather than a target, but the commitment appears to be unconditional. In terms of scale of commitment, this puts BP towards the top of the pack, along with Repsol and Equinor. “This will see BP’s business completely transformed over the coming decades: renewables and carbon abatement will get very big, legacy oil and gas will eventually get smaller. But the transition to 2050 is a multi-decade transition - not something that will happen in the next year or so.”

OPEC agrees 1.5m b/d output cut as coronavirus eats into global demand

• 05 3月 2020

The OPEC oil producers' group and its non-OPEC allies are poised to deepen its production cuts by 1.5 million barrels per day as the coronavirus (Covid-19) outbreak eats into global oil demand.

Navigating the Oil Price Crash in Asia Pacific

• 18 3月 2020

On 9th March, Brent fell 30% and has seen continued volatility in the following 24 hours, sending a shockwave through global energy markets. What does this mean for Asia Pacific?

US$210bn of new spend in firing line as players target cost cuts

• 02 4月 2020

The oil price crash has hit the upstream sector hard. Deep cuts are being made across the board, but it will have a dramatic impact on the industry’s project pipeline. Global natural resources consultancy Wood Mackenzie believes almost all pre-FID projects will be deferred. Of the 50+ projects we identified with potential to go ahead this year, only 10 have a chance of proceeding, but all are at risk.

Webinar: What oil supply is at risk of shut in?

• 09 4月 2020

During the last downturn in 2015/16 supply was relatively unaffected. Even the highest cost wedges kept producing; the associated shut-in costs were deemed too high. But prices only dipped below US$45/bbl for a year, and below US$35/bbl for one quarter. Storage levels were of less concern. There is no precedent for the scale of potential shut-ins for today’s asset classes, if oil prices remain low for a prolonged period. The industry’s ability to keep higher-cost barrels flowing is being severely tested. This downturn, there could be a significant impact on currently producing fields as well as future supply.

Covid-19 lockdown hits global solar PV market

• 09 4月 2020

The coronavirus pandemic will have a significant impact on the global solar PV market. Construction and development is slowing as countries around the world enforce unprecedented lockdowns. As the world economy faces severe economic disruption, Wood Mackenzie has downgraded its forecast for 2020 installations from 129.5 gigawatts (GW) to 106.4 GW, a reduction of 18%.

Webinar | Oil price crash: fiscal responses

• 30 4月 2020

Oil price crash: what next for fiscal terms? Petroleum investors, producers, suppliers and governments are coming together to try and find solutions to the current industry crisis. The oil revenue cake that they all feast on has shrunk, dramatically.

Shell dividend cut frees up US$10bn

• 30 4月 2020

Anglo-Dutch supermajor Shell today slashed its dividend by 66%, the first time the company has cut cash distributions to shareholders since World War II. The annual pay-out will fall from US$14.9 billion to US$5.1 billion, freeing up US$10 billion of capital.

Webinar | Global exploration before and after Covid-19

• 28 5月 2020

Our annual survey of the global exploration industry, conducted largely before coronavirus hit and the oil price crashed, showed signs of cautious optimism. Despite the threat posed by the energy transition, explorers were looking forward to another 30 years of exploration. There was, however, a keen awareness of the challenges ahead – the fight to remain investible, the need to increase capital efficiency and the opportunities and risks presented by deepwater exploration. Join us for a webinar discussing the results on the 2020 survey both in the context of the pre-COVID-19 view and in light of the new world we live in. We’ll cover which exploration companies stood out from the pack in 2019, the changing focus of explorers and the role of exploration in today’s energy companies.

Distress in energy and natural resources

• 22 5月 2020

Helping investors evaluate opportunities in energy and natural resources during the Covid-19 crisis

Electric Vehicles – transportation disruptor, part 2

• 31 7月 2018

We explored how the market for EVs might develop in Part 1. This week Ed Rawle, Head of Oils Research, chats about the implications for global oil demand.

How can governments introduce more competitive fiscal terms?

• 23 8月 2017

With capital scarce, terms must be attractive to win new investment.

Macroeconomics

Understand the interplay between commodities and the economy with macroeconomics analysis to help forecast the pace of global economic development to 2035.

Dividends or growth – Big Oil’s dilemma

• 27 7月 2017

The industry is adapting to low oil prices. But can upstream grow in this environment? The question is a profound one, the answer in reality more about sustaining the business and maximising returns rather than pursuing growth.

Taking a closer look at Trump's blueprint for US energy

• 27 1月 2017

Our analysts take an early look at the expected resolution and implications of key policies spanning oils and refining, gas, and coal.

‘Lower for longer’ oil prices, industry finances and growth

• 03 3月 2017

Our Corporate Analysis team, led by Tom Ellacott, shows that for the 60 companies we cover in depth, net debt has increased by 22% or US$142bn since 2014.

Conventional exploration – playing devil’s advocate

• 06 6月 2017

Andrew Latham, our Head of Exploration Research, has built a global creaming curve for conventional exploration outside the USL48. Three themes stand out.

There’s finance galore – but only for the right upstream growth strategies

• 29 9月 2016

According to Chief Analyst Simon Flowers, there is finance galore for those with the right growth story. For the rest, slim pickings.

Resetting the oil and gas industry’s structural cost base – the same old song?

• 31 10月 2016

The industry needs to keep its foot on the pedal and effect a structural reset before the opportunity is lost, with signs that the down cycle may be bottoming out.

Upstream growth back on the agenda: the M&A ‘barometer’ is signalling better climes ahead

• 23 1月 2017

A strengthening flow of deals is a clear indicator that the M&A market is getting back to business as usual, and companies are starting to think of growth again.

Trump Administration: the first 100 days

• 27 4月 2017

Hear Verisk Maplecroft review Trump's first 100 days in office. What geopolitical risks have we seen? Will domestic stalemates force emphasis on foreign policy? Jimena Blanco and Paul McConnell discuss the risks, rewards and repercussions.

US COP21 withdrawal: Is this actually a step forward?

• 02 6月 2017

On 01 June 2017, President Trump took the first step on the road to reconsidering the best way to meet our climate challenges.

2035: a new global powerhouse emerges

• 13 4月 2017

Move over China. Rising incomes, population growth and industrialisation are fuelling a period of rapid, sustained growth in India's energy demand that could reshape the global scene.

Back to the future

• 03 10月 2017

Back to the future: as oil prices move will fiscal terms follow?

The rise and fall of black gold

• 09 8月 2017

The market used to worry about peak oil supply. Now the focus has shifted. With the world now considering a structural decline in oil demand, which sectors will feel the greatest impact?

What investors want to know about energy and natural resources

• 17 6月 2020

The impact of Covid-19 on energy demand remains top of mind, but investors’ questions reveal a return to calm if not a return to “normal”

Big oil, new energy and the stock market

• 19 6月 2020

Big Oil is on the move, feeling its way into a changing energy world. There are two sides to adapting: how to decarbonise oil and gas and how to build a sustainable business around zero-carbon technology. European and US Majors are following two very different paths.