Wood Mackenzie analysts and consultants have been fielding a surge of client inquiries regarding the impact of tariffs on their businesses. In a highly volatile environment—where developments have at times unfolded by the minute—businesses have sought clarity on the potential risks and mitigation strategies. While the situation has stabilised somewhat, rapid shifts continue, leaving multiple possible outcomes. Companies must assess the potential cost implications of these new tariffs and explore strategies to minimise disruption.
Japan’s Energy Crossroads
Japan’s energy future stands at a pivotal moment, balancing security, cost management, and decarbonisation. Wood Mackenzie’s latest analysis of Japan’s Strategic Energy Plan explores key developments:
- Renewables targets are being adjusted due to high costs and slow progress.
- The country aims to restart idle nuclear capacity to supply 20 percent of its power demand.
- Demand uncertainty is driving new LNG contracts and increased M&A activity.
- Japan is prioritising critical minerals to support its energy transition.
Europe’s Energy Transition: Off Track for 2050
Europe’s ambitious energy transition targets are lagging, with delays in decarbonising end-use sectors likely to push net zero beyond 2060. Wood Mackenzie’s updated EU energy transition outlook identifies the key challenges and potential strategies to realign with the 2050 goal.
Access the complimentary insight and overview here.
Trump Tariffs: Seven Key Questions on North America’s Oil Market
The introduction of new tariffs raises critical questions for the North American oil market. Wood Mackenzie answers seven pressing concerns, including:
- How will tariffs affect country-level oil demand?
- How will Canadian trade flows shift?
- What crude alternatives exist for US refineries?
- Could the Trans Mountain Expansion (TMX) take additional capacity?
- What are the options for re-exporting Canadian imports?
- What will be the price impacts of tariffs?
- Could lower margins lead to Canadian production shut-ins?
Find the full analysis and expert insights here.
2025 Outlook: Trends and Wildcards
As 2025 approaches, Wood Mackenzie’s global and regional experts have identified the top trends and unpredictable factors shaping the year ahead. The outlook covers:
- Upstream oil and gas
- Metals and mining
- Commodity trading
- Power and renewables
Gain access to the full suite of predictions and key industry insights here.
For more information visit www.woodmac.com
