Wood Mackenzie Tag

Peak oil demand will arrive in 2036 according to energy consultant Wood Mackenzie, with electric vehicles and autonomous vehicles set to rapidly alter the world’s transportation sector. Speaking to the Financial Times, Wood Mackenzie’s head of crude oil research Ed Rawle said: “Autonomous electric vehicles or...

The recent rise of benchmark oil prices will trigger increased spending in the industry over 2017, with new projects expected to double from numbers in the previous year. Oil and gas consultancy group Wood Mackenzie has forecasted a 3% rise in exploration and production spending, reaching...