Insurers cut prices to attract low-risk oil and gas projects: FT

Natural gas prices are currently weakening as a result of risks associated with tropical storms. Simultaneously, insurers are reducing their prices to attract low-risk oil and gas projects. Market data further indicates an 8.5% probability that crude oil will achieve a new all-time high by September 30. These developments reflect a shifting landscape in energy pricing and insurance strategies aimed at securing specific types of oil and gas infrastructure projects.