Wood Mackenzie
Edinburgh-based energy and mining research consultancy, owned by Verisk Analytics.
On 24 July, Wood Mackenzie data showed Saudi Red Sea crude bypass volumes had fallen 41% to 2.39 million barrels a day by June. The Edinburgh consultancy's figures became a reference point as the blockade forced Saudi exports to reroute.
Last refreshed: 22 September 2026 · Appears in 4 active topics
With Brent at $126, how far does Wood Mackenzie think oil prices will climb?
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European Energy MarketsBackground
Wood Mackenzie is an Edinburgh-based research consultancy covering energy, renewables, mining and power. It supplies commodity forecasts, supply-and-demand analysis and strategic research to companies, financial institutions and governments.
Founded in 1923, The Firm became part of Verisk Analytics in 2015. Its work is used to frame commercial decisions in markets where physical flows, infrastructure and regulation can change prices quickly. Its published Saudi crude-routing data in July 2026 illustrates its role as a source of comparable market measures.
The consultancy matters because energy markets need Independent reference data alongside company disclosures and trading signals. Its analysis can put a scale on supply disruptions and rerouting, helping readers distinguish a reported event from its wider market effect.
Wood Mackenzie tracks Saudi rerouting
On 24 July, Wood Mackenzie published data showing Saudi Red Sea crude bypass volumes had fallen 41% to 2.39 million barrels a day by June, from 4.07 million barrels a day at their March peak. The figures gave the consultancy a concrete measure of how Saudi export routing had normalised before the new disruption.
The Houthi blockade declared on 23 July then made that monthly series an account of conditions already ending. Saudi Arabia loaded no crude through Bab el-Mandeb after the declaration, while Suez Canal crude traffic rose 106% in a week to 1.06 million barrels a day. For Wood Mackenzie, the episode shows the value and limit of monthly market data: it establishes the scale of a prior shift, but cannot describe a route closure as it unfolds.
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