Energy market to remain volatile – report

“In the short term, the world is focusing on energy security, and that shift alone makes the energy industry different, while other factors such as energy sustainability and energy affordability are also going to change it in the long term,” Sankey said. “As economies move away from their dependence on Russian natural resources, I think these changes are inevitable.”

The review also includes analyses covering:

It also includes a geographical overview with market intelligence from China, Dubai, Latin America and the Nordics.

“With capacity levels at least matching those of 2022, it seems clear that overall supply remains plentiful,” said Graham Knight, global head of natural resources at WTW. “But with more sophisticated risk management options open to major buyers, the market has to consider the possibility that some of the most sought-after businesses may be withdrawn in favor of increased captive participations – or even a parametric risk transfer solution – perhaps on a permanent basis.