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Global Energy Perspective 2019

Global Energy Perspective 2019

The Global Energy Perspective Reference Case provides our consensus view on how energy demand will evolve to 2050.

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Short takes from our experts on the oil and gas industry

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Article

Lubes growth opportunities remain despite switch to electric vehicles

– Lubricating oils have traditionally been one of the most attractive areas in the oil and gas value chain, but disruption is on the horizon with the rise of electrification in the transport sector.

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Market outlooks

Global Oil Supply & Demand Outlook to 2035

Oil supply and demand perspective with balances to 2035 and macro outlooks on global oil prices.

Global Energy Perspective: Accelerated Transition

Our outlook reviews eight potential shifts that could accelerate the energy transition—from faster uptake of electric vehicles to accelerated cost reduction for renewables—and the impact each shift could have on annual oil, gas, coal, and power demand to 2050.
Article

OFSE quarterly: Volatile end to a positive quarter

– Crude oil prices rose during the third quarter to reach their highest level in four years, while increased E&P capital expenditures and continued efficiency improvements resulted in better OFSE performance.

Editor's Choice

Article - McKinsey Quarterly

Digital strategy: The four fights you have to win

– Yesterday’s tentative approaches won’t deliver; you need absolute clarity about digital’s demands, galvanized leadership, unparalleled agility, and the resolve to bet boldly.
Interview - McKinsey Quarterly

How the Houston Astros are winning through advanced analytics

– In the first of a two-part interview, the architect of last year’s World Series champions shares how analytics, organization, and culture combine to create competitive advantage in a zero-sum industry.

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Global Energy Perspective 2019

– The Global Energy Perspective Reference Case provides our view on how the energy transition will unfold.
Article

Positioning for growth in the fast-changing lubes market

– Given the threat of disruptive change in the lubes market, companies need to plan competitive strategies quickly and carefully,... with a focus on extending their offerings beyond the core products.
Article

Are US gas utilities nearing the end of their golden age?

– State-level decarbonization efforts could threaten the business model.
Article

IMO 2020 and the outlook for marine fuels

– In 2020, the global limit on sulfur content for all marine fuels will be lowered dramatically, sending shockwaves through global... refined-product markets while widening margins and differentials. Most refiners are still trying to come to grips with the potential threats and opportunities that will emerge as a result of this regulation.
Article

The impact of rising US LNG exports on global markets

– Earlier this year, the opening of Cove Point marked a turning point for US LNG exports, placing the US 5th in the 2018 export... ranking, and creating major shifts in demand, supply, and pricing dynamics.
Article

Digitizing customer journeys—making a radical but valuable move in EPNG

– With start-ups and new entrants enhancing customer satisfaction through digital solutions, we believe it is time for incumbents... to create seamless digital customer journeys.
Article

How industry can move toward a low-carbon future

– Cutting industry’s carbon emissions will require significant investment and coordinated effort among businesses, governments,... and other stakeholders.
Article

The European electric bus market is charging ahead, but how will it develop?

– Widescale adoption of electric buses in Europe is near. There is still a lot of uncertainty around eBus battery charging strategies... and the optimal type of charging hardware, mainly related to costs and operational flexibility.
Article

In full swing: North America’s crude prices and changing takeaway capacity

– The first half of 2018 saw crude production continuing to rise in North America. US crude exports are also on the rise, but ample... production growth and constrained takeaway capacity have combined to create a tight market with big discounts.
Article

Permian, we have a gas problem(s)

– The Permian is experiencing its first natural gas problem. Gas production is starting to exceed pipeline capacity exiting the... Permian, and in-basin prices are falling as a result. Paradoxically, the second problem is a potential overreaction to the first problem: market fundamentals could attract too many pipelines, and the Permian runs the risk of having underutilized pipelines.
Article

Decarbonization of industrial sectors: The next frontier

– Though deep decarbonization is possible, it will require substantial investments and big changes to the energy system. Technological... breakthroughs, lower energy prices, changing consumer preferences, or new regulations will be critical to achieving this goal.
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