ADVERTISEMENT
ADVERTISEMENT

Oil could be hit hard by 3 major geopolitical risks that may be 'coming to a head in October'

These risks come from Iraq’s Kurdish region, the nuclear deal with Iran, and the crisis in Venezuela, according to RBC Capital Markets' Helima Croft.

Wall Street's top oil watcher says there are three geopolitical headwinds that might be "coming to a head in October" — and they could have implications for oil markets.

The three risks come from uncertainty surrounding Iraq's Kurdish region, the nuclear deal with Iran, and the ongoing crisis in Venezuela, according to RBC Capital Markets' Helima Croft.

Here's an outline of her arguments why those three regions are something oil watchers should keep an eye on:

In short, geopolitical risks look like they might be coming back for some oil producers. And even if they manage to avoid "full-blown crises," Croft argues they will continue to "face considerable turbulence."

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Here's everything to know about being a virgin on your wedding night

Here's everything to know about being a virgin on your wedding night

7 do's and don’ts of the Holy month of Ramadan

7 do's and don’ts of the Holy month of Ramadan

Top 5 sweetest celebrity mother-child relationships that stand out for us

Top 5 sweetest celebrity mother-child relationships that stand out for us

International Women's Day: 5 Nigerian female celebrities championing women’s rights

International Women's Day: 5 Nigerian female celebrities championing women’s rights

Top 5 female directors in Nollywood

Top 5 female directors in Nollywood

6 things that will break a Muslim's fast during Ramadan

6 things that will break a Muslim's fast during Ramadan

5 benefits of fasting during Ramadan

5 benefits of fasting during Ramadan

5 reasons Easter was more fun when we were children

5 reasons Easter was more fun when we were children

Dos and don’ts of supporting Muslims during Ramadan

Dos and don’ts of supporting Muslims during Ramadan

ADVERTISEMENT
ADVERTISEMENT