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The Latest Breaking News from Wood Mackenzie

As oil profits skyrocket, calls for windfall taxes rise

When Chevron reported its highest quarterly profit in six years on July 31, 2026, it was just one detail in a larger picture: Analyst firm Wood Mackenzie estimates the global oil and gas industry is on course for a cash windfall of US$495 billion in 2026. That’s profit above and…

The Conversation

Record heat gives way to winter gas fears in Europe, Asia as Iran war rages on

Natural gas prices are spiking, and the cutthroat competition for cargoes is escalating.

Fortune

Iran-US war latest: Trump’s forces accuse Tehran of ending pause in strikes with ‘surprise’ missile attack

Iran targets US bases in Jordan and claims to have struck three tankers in Strait of Hormuz

The Independent UK

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European gas reserves at ‘historically low level’ - but fears of 2022 price shock played down

LNG is a key part of the energy mix for the UK, with imports typically from the US and Norway

The Independent UK

India data centre capacity to jump to 12 GW by 2030 as AI fuels demand: Wood Mackenzie

AI-dedicated capacity is expected to rise multifold to 6,546 MW by 2030 from 275 MW in 2025, while data centre electricity demand is forecast to grow to 191 terawatt-hours (TWh) by 2040 from 10 TWh in 2025, the report said.

The Economic Times

Analysis: Iran's stranglehold on Strait of Hormuz loosens as Gulf Arab oil reaches market

Iran’s stranglehold on the Strait of Hormuz may be easing and its own oil problems now seem to be mounting

The Independent UK

GameChange Energy Named #1 Solar Tracker Company in India, Africa, and APAC, #2 Globally, by Wood Mackenzie

NORWALK, Conn., June 10, 2026 /PRNewswire/ -- GameChange Energy, a global energy infrastructure company, announced that it has been ranked the world's second-largest solar tracker company by Wood Mackenzie, one of the most respected independent research and consulting firms in the energy industry. The ranking, published in Wood Mackenzie's latest…

AAP

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‘Coal power has lost its status’: Solar power outstrips coal in US despite Trump's attacks

States won by Trump in the 2024 election accounted for 74 per cent of all solar capacity installed in the first quarter of 2026.

Euronews

APsystems Recognized as a Global Grade A PV Inverter Manufacturer by Wood Mackenzie

SHANGHAI and JIAXING, China, June 10, 2026 /PRNewswire/ -- APsystems was recently recognized as a "Grade A PV Inverter Manufacturer" and ranked among the Global Top 10 for the first half of 2026 by Wood Mackenzie, a world-leading energy research firm. This distinction, awarded in recognition of the company's outstanding…

AAP

Solar power hits new milestones despite Trump’s effort to boost coal over clean energy

The findings, supported by a report from the Solar Energy Industries Association and Wood Mackenzie, highlight solar’s continued growth and coal’s ongoing decline

The Independent UK

Antaisolar Showcases Upgraded 2P Tracker Solution at SNEC 2026, Securing Multiple Global Partnerships

XIAMEN, China, June 9, 2026 /PRNewswire/ -- Fresh from being ranked No.7 in Wood Mackenzie's 2026 global PV tracker TOP10 and named a Global A-Class tracker manufacturer, Antaisolar, a leading expert in digital and intelligent photovoltaic (PV) mounting systems solutions, unveiled its upgraded product portfolio at the 19th SNEC Exhibition…

AAP

Crude oil prices could hit $200 per barrel if Strait of Hormuz remains closed: Report

A prolonged closure of the Strait of Hormuz could push crude oil prices to as high as $200 per barrel and trigger a global recession, according to a Wood Mackenzie report.

The Economic Times

A second wave of Iran energy shocks is about to hit Asia and the wider world. Why aren’t markets reacting?

“The market has been complacent,” Chen Chien-Ming, an associate professor at NTU, says, blaming investors' "wishful thinking that the war will soon end.”

Fortune

Analysis: US blockade is squeezing Iran's all-important oil industry

Even as Iran maintains its chokehold on the Strait of Hormuz, the Islamic Republic increasingly finds itself squeezed by an American blockade threatening its oil industry

The Independent UK

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The Guardian - UK

The great energy pivot: US oil and Chinese solar are the winners in Trump’s war on Iran

Exposure of world’s reliance on Middle East supplies accelerates global shift towards new energy superpowers

The Guardian - UK

From syringes to stents: Iran war exposes NHS dependency on petrochemicals

NHS chiefs fear rising costs and healthcare shortages due to the shipping standstill in the Gulf

Fortune

War in the Middle East hasn’t triggered a coal comeback, but it is boosting renewables

Countries have few incentives to permanently pivot back to coal, even during the worst energy disruption in history.

The Guardian - UK

The UK needs more North Sea gas, not greater reliance on US imports

Transition to a cleaner future takes time and we need supplies that are the least polluting and have the lowest cost

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Fortune

"A bend in the trajectory": U.S. data center development has hit snags because the power grid is approaching its limits to support them

An energy bottleneck is threatening Big Tech's massive data center ambitions, and it means those companies may need to break their huge capital expenditure promises.

The Independent UK

Will the Iran war really lead to a global pivot to renewable energy?

IN FOCUS: With US and Israeli strikes on Iran continuing and no end to the conflict in sight, calls are growing for the rest of the world to reduce its dependence on oil and gas. But experts tell Stuti Mishra that moving away from oil is no easy task – if…

Evening Standard

Over a barrel: what does the energy crisis caused by the Iran war mean for UK households?

With the flow of oil from the Middle East drying up and energy prices skyrocketing, the economic outlook is grim. Jonathan Prynn looks at the options facing Rachel Reeves and Keir Starmer

International Business Times UK

$100 Oil? A Prolonged Hormuz Closure Could Trigger a 1970s-Style Energy Shock

Explore the strategic importance of the Strait of Hormuz and how escalating tensions could impact global oil markets and prices.

Fortune

How the war in Iran could ‘guarantee’ a global recession

How a waterway barely 30 miles wide could plunge the world into recession.

Fortune

Stocks plunge in global selloff, but some on Wall Street are looking for assets that respond well to war

Wells Fargo’s Ohsung Kwon argued that traders should buy the dip.

The Guardian - UK

FTSE 100 share index records biggest fall since November as Iran war drives up oil and gas prices – as it happened

US-Israel war with Iran hits shares in travel companies, and the pound, although oil producers and weapons makers are rallying

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