What could change dynamics of the global oil market?

Simon Redmond, director at Standard & Poor's Ratings Services, and Stuart Elliott, director at Platts, tell Investment Week how the future of global oil supply will be impacted as geopolitical risk threatens oil producers, and the bounty of US shale oil surges through the market.

Geopolitical risk has always been important when it comes to oil pricing. In Iraq, for example, the growing presence of the Islamic State militant group prompted the oil price to jump by around $5 a barrel this year. Due to such issues, geopolitics have continued to be a main concern for the oil industry in particular this year, as the volatile situations in the Middle East and Russia present immediate threats to supply. “Geopolitical factors have an impact on the oil price when they affect production expectations,” explained Simon Redmond, director at Standard & Poor’s Ratings Servic...