Crude intentions: What dictates the price of oil and how does it affect industry?

Online event
Thursday, 06 June 2024
10:00 am – 11:00 am (UK time)
    • Jake Hannath, Associate Director, MatthewsDaniel
  • Marine & Energy

In this IIL marine and energy webinar, Jake Hannath discusses the factors that dictate the price of oil and considers how this affects oil and gas industry activity and upstream oil and gas claims.

Oil is the lifeblood of modern civilisation and is one of our most critical commodities. However, the price of oil is volatile, with Brent crude having reached lows of $20 per barrel and highs of $120 per barrel in the last five years alone. What are the factors that dictate these huge price fluctuations and how does the price of oil affect exploration and development activity in the oil and gas industry? And what effect does this have on the number of upstream oil and gas insurance claims? This presentation considers these questions and sees what patterns develop between oil price, industry activity and the size and quantum of upstream oil and gas claims.

Learning objectives:

  • What dictates the price of oil
  • How the price of oil impacts exploration and development activity
  • How oil prices impact insurance claims

Chair: Graham Prior, Senior Underwriter - Energy, Travellers

  • Online event

Booking information:

You will be sent a confirmation email shortly after booking. If you have not received this within one hour, please contact Patricia Pedraza (020 7397 3911).

CII Accredited

This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.

1 hour's CPD can be claimed for this event if relevant to your learning and development needs.

It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at