Tensions in Egypt Driving up Oil, Gas Prices: A Look at Domestic MarketHira Shahnawaz Akhtar
One of the prominent risks on the horizon for oil companies is the possibility of closure for the Suez Canal due to the political tensions in Egypt. If such an event were to happen, this would significantly increase the supply costs for Eni SpA (NYSE:E) (BIT:ENI) and Total SA (NYSE:TOT), the major oil suppliers in Europe.
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