The resurgence of violence between Azerbaijan and Armenians poses little immediate risk to the key pipelines that link European markets to the Caspian Sea, according to analysts from London to Washington, Artsakhpress reports citing Bloomberg.
In a region where risk is the norm, “these sorts of localized difficulties tend to get shrugged off in the current environment,” according to Michael Hewson, a London-based analyst at CMC Markets Plc. Markets have not put any added risk premium on deliveries from the Caspian Sea to the Mediterranean, the focus instead remains on a global supply glut, he said.
The fighting over the mountainous Nagorno-Karabakh …read more
Source: A1plus
