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BP Oil Spill To Impact Energy Market, But Not A Game Changer

The explosion of the Deepwater Horizon rig in the Gulf of Mexico has changed sentiment among energy underwriters and will likely lead to new market dynamics, according to a new report by insurance broker Marsh.

By Katharine Rose | Updated on July 27, 2010

NU Online News Service, July 28, 12:32 p.m. EDT

The explosion of the Deepwater Horizon rig in the Gulf of Mexico has changed sentiment among energy underwriters and will likely lead to new market dynamics, according to a new report by insurance broker Marsh.

However, the report, called “Energy Market Monitor,” noted that the oil spill will not have the same market-changing impact on the “upstream energy” market–which writes exposures for the exploration and drilling of oil–as other major events.

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