WS #16465
Geopolitical risks are escalating with a terror attack in Belgrade and large-scale protests in Paris, contributing to a risk-off sentiment in European equities. In energy markets, natural gas prices in Europe surged past 100 euro/MWh, the highest level since 2022, driven by supply concerns. Meanwhile, Eni commenced operations at the Junin-5 oil field in Venezuela, aiming for 200,000 barrels per day by 2028, adding potential supply to a tight market but facing political headwinds.
Geopolitical Instability and Energy
Geopolitical risks are escalating with a terror attack in Belgrade and large-scale protests in Paris, contributing to a risk-off sentiment in European equities. In energy markets, natural gas prices in Europe surged past 100 euro/MWh, the highest level since 2022, driven by supply concerns. Meanwhile, Eni commenced operations at the Junin-5 oil field in Venezuela, aiming for 200,000 barrels per day by 2028, adding potential supply to a tight market but facing political headwinds.