Ten predictions for 2023

• 16 December 2022

After a tumultuous year, Ed looks ahead to 2023 with a selection of Wood Mackenzie analysts predictions

Sanctions start to bite

• 14 March 2022

Restrictions on Russia's financial system are already affecting energy trades. And momentum for longer-term changes is building.

The US LNG boom is back

• 07 January 2022

US LNG export plants are working flat-out to meet strong global demand for gas that has been reflected in soaring prices. With new capacity coming on stream late in 2021 and early in 2022, the US is emerging as the world’s largest LNG exporter.

Predictions for 2022

• 17 December 2021

2022 could see rising carbon prices, greater distributed solar capacity, tighter supply chains for renewable energy and a double-digit market share for EVs.

Plugging the methane leaks

• 29 October 2021

The Biden administration and key members of Congress are in negotiations over legislation that could include a new fee on methane emissions from US oil and gas facilities. If it passes into law, the fee would have a widely varying impact across regions and across companies.

Demanding new emissions goals set course for low-carbon future

• 23 April 2021

At a US-hosted climate summit this week, large economies discussed their ambitious objectives for cutting emissions. Now comes the hard part.

President Biden aims for higher employment and lower emissions

• 01 April 2021

Two announcements this week showed the administration attempting to deliver on its promise that a key goal of climate policy is job creation.

OPEC+ strikes a deal to avoid oil glut

• 04 December 2020

The production cuts agreed by the OPEC+ group in April have been highly effective in rebalancing the oil market after the pandemic sent demand plunging. With hopes growing of a stronger rebound next year, some countries, led by the United Arab Emirates, have been calling for OPEC+ to stick to its plan to allow almost 2 million b/d of extra production in January. But demand is expected still to be weak in the first quarter at least, as the Covid-19 vaccines begin to be rolled out. An OPEC+ production increase of that size would have risked an oversupplied market and falling crude prices. Facing that risk, the OPEC+ ministers pulled back from the brink and agreed a production increase of just 500,000 b/d, to be reviewed for possible further increases every month.

Negative prices reveal the crisis for US oil

• 24 April 2020

The most-watched US crude futures fell below zero on Monday, in a sign of the extreme conditions facing the industry

The coronavirus crisis: assessing the impact on energy

• 27 March 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.

Five ways the coronavirus changed the world of energy this week

• 20 March 2020

The US government is starting to buy crude and facing calls for it to manage the oil market, as demand continues to weaken. In this week's Energy Pulse by Ed Crooks.

The wisdom of the crowd: Where is the LNG industry’s thinking on carbon emissions?

• 31 May 2021

There is a divergence of opinions as to how emissions are and should be measured, how things will evolve, what factors will drive that evolution, and how the industry should ultimately manage its carbon emissions. 

Reducing the emissions of US LNG: looking for ways to move the needle

• 01 May 2021

Wood Mackenzie’s Ed Crooks recently highlighted the increased scrutiny placed on the carbon footprint of US LNG by the Biden administration, and the importance of proving the “green” credentials of LNG export projects. Rising awareness of the climate implications of LNG is a rapidly growing globa...

Emissions Benchmarking Tool

The Emissions Benchmarking Tool provides transparency at the asset and corporate level for Upstream, Downstream and Metals & Mining.

Southeast Asia Gas & Power Service

Get an authoritative analysis and proprietary data across the six most well established gas and power markets in Southeast Asia.

European Energy Service

Stay on top of key fundamentals and get to the bottom of Europe's dynamic energy markets with our European Energy Service.

Biofuels Production Monitor

Real-time renewable and biodiesel production alerts for key facilities across North America.

Energy transition outlook: Middle East

• 18 February 2025

Energy transition progress slows in our latest update – but uncertainty around pace and duration pushes the Middle East to prioritise resiliency.

Crude For Thought

• 11 December 2018

Join our experts for a sometimes unconventional perspective on unconventionals and upstream as a whole.

Lens platform: Lens Gas & LNG Markets Modelling

• 04 March 2024

Test market assumptions in seconds with a fast, robust, and easy-to-use market model

Horizons Live: Scraping the barrel

• 07 March 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.

Was COP28 a huge success? | Podcast

• 15 December 2023

As COP28 comes to a close, the Energy Gang looks back on the last two weeks of discussion. Ed Crooks was there in Dubai, as were regular guests Dr Melissa Lott and Amy Harder, and together they answer the one key question: can we call it a success?

The Energy Gang podcast: Winter is coming – what does it mean for Europe?

• 09 September 2022

We discuss the ongoing energy crisis in Europe and the race to stay warm this winter. We also turn our attention to the Clean Air Act and how it will impact the ongoing demand for electric cars in California.

Earthquake in Japan impacts power sector

• 21 March 2022

Following the 7.4-magnitude earthquake reported off Fukushima, Japan, Wood Mackenzie senior analyst Yamato Kawamata gives an overview of the impact on the power sector.

US to release crude oil from strategic petroleum reserve

• 25 November 2021

On 23 November, US President Biden announced the release of 50 million barrels (mbbl) of crude oil from the US Strategic Petroleum Reserve (SPR).

Tapping working gas volume could cushion blow of Europe’s energy crunch

• 04 November 2021

European gas storage has been struggling to fill this summer. Storage at the beginning of November will be about 75% full, at 83 billion cubic metres (bcm), 14 bcm below the five-year average, rattling the market. A cold European winter could result in storage levels falling to zero by the end of March 2022, unless more Russian gas supply is available versus current export levels. But there could be an alternative available to the market should this come to pass – tapping the substantial amount of cushion gas available in Europe’s storage facilities. Global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), said using cushion gas could allow an extra 15 bcm enter the market, easing the supply crunch.

CCS could have material impact on carbon emissions of LNG projects

• 25 August 2021

The use of carbon capture and storage (CCS) could have a material impact on LNG projects’ carbon emissions. Depending on the strategy adopted, more than 25% of overall carbon emissions could be removed, says Wood Mackenzie,

Nigerian lawmakers pass petroleum bill – but there is still work to do

• 02 July 2021

Speaking after the Petroleum Industry Bill (PIB) was passed by the Nigerian National Assembly on 1 July, Mansur Mohammed, head of West Africa content on Wood Mackenzie’s sub-Saharan Africa upstream research team, said: “The Senate and House each passed different versions of the bill, which will now require reconciliation before it is sent to the president for assent into law. So there is still outstanding work to do before the PIB becomes law, but we see momentum behind the bill.”

Carbon removal key to meeting Paris Agreement target

• 24 June 2021

Achieving the 2°C goal of the Paris Agreement will require more than simply avoiding carbon. To cap global warming at 1.5°C or even 2°C, carbon removal will be essential. Research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq:VRSK), shows the key to effective large-scale carbon removal is unlocking potential economies of scale through basin-wide carbon capture and storage (CCS), effectively providing a community answer to a global problem.

UK North Sea M&A gains pace with NEO, Waldorf deals

• 10 March 2021

The latest acquisitions by NEO Energy and Waldorf Production continue what has been blockbuster start to the year for UK M&A with buyers and sellers buoyed by the recent recovery in prices. Just over two months into 2021 and UK disclosed deal spend has reached US$2.7 billion, almost equalling last year’s total, making it one of the hottest markets globally.