Price crash may fuel contract renegotiation push
A prolonged era of sustained lower oil prices could result in widespread pressure to renegotiate contracts
While customers would certainly like to secure lower prices, whether they will be able to achieve them will depend on the balance of power in negotiations. While there is not a universally successful strategy, there are certain factors that can be applied in many situations to achieve sustained advantage, according to panellists at the PE Live 3 webinar. “It very much depends on contract-by-contract, relationship-by-relationship and commercial factors,” says Wade Coriell, partner, international arbitration practice, at law firm King & Spalding. For example, in pricing for LNG cargoes “some will have very long-term relationships and be looking at things beyond an LNG SPA as well.” The sit
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
