At Willis, a WTW business, our people have been committed to outstanding client service since 1828. Drawing on leading analytical and technology capabilities, our dedicated teams of client-centric specialists provide end-to-end insurance broking and risk management advice. With deep specialty insurance broking expertise, we go beyond the insurance transaction to provide a range of risk management solutions that meet clients’ unique needs.
Our teams work seamlessly to deliver a combination of global expertise with local knowledge and experience. We combine insights, data, analytics and technology solutions to inform and efficiently manage both the insurance transaction and wider commercial risk management.
Macroeconomic and regulatory challenges
The oil and gas industry faces significant macroeconomic and regulatory challenges. Rapidly oscillating trade conflicts have put downward pressure on commodity prices. Regulatory challenges include navigating complex federal and state regulations and the potential impact of reciprocal tariffs on materials and supplies. The need to adapt to a changing product slate, such as low-carbon fuels and the volatility in the pricing of core products and feedstock, creates significant operational and financial challenges.
Impact of trade conflicts, political pressures and energy transition
Trade conflicts have exacerbated macroeconomic weakness, putting pressure on commodity prices, while demands for low energy prices make growth challenging. Longer-term trends in the energy transition and fading environmental, social and governance initiatives have impacted the flow of new capital into the energy space over the past five years.
