According to data compiled by S&P Global Platts, security events, such as physical attacks on petroleum infrastructure or shipping in the Persian Gulf and the Arabian Peninsula region, have tripled on an annualized basis since 2017.
But despite the rise in security incidents targeting oil infrastructure, the impact on global crude production and prices has been tempered by spare capacity and other mitigating factors.
Explore the changing relationship between geopolitical risk and crude prices in this interactive Special Report. Download now to discover:
- How diversity of supply, higher levels of global spare capacity and the expansion of strategic petroleum reserves have helped to insulate markets from the risk of supply disruptions
- Impact from major oil market supply shocks since 2000
- Security Tracker that charts the geographical range of security events spreading across the Arabian Peninsula to the Strait of Hormuz and the eastern coast of the UAE