London Disputes Resolution Partner Andrew Hutcheon, Associate George Garthwaite and Trainee Sarika Parmar have written a feature article on the future of crude markets for energy sector magazine Energy, Oil & Gas.
The article explains how the Covid-19 pandemic has affected the oil market, with demand plummeting and commercial relationships being tested throughout the supply chain. Andrew, George and Sarika assess the rise in demand for floating storage and the reaction of the market to the shock of WTI’s collapse as well as force majeure provisions and other potential drivers for change in the oil market over the coming years.
With a highly targeted readership within the oil and gas industry and focusing on industry best practice and trends, Energy, Oil & Gas provides a forum to discuss all aspects of the industry, including renewables (solar, wind, hydro, geothermal, biomass, wave/tidal) electricity transmission, distribution, and nuclear, alongside traditional coal, oil and gas.
Andrew and George have also authored a detailed analysis of Brent’s crude oil dominance for Law360, investigating its rise and its potential future decline. You can read that article here.