Geopolitical risks at highest in half a century – Baker Hughes ...News

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Geopolitical risks at highest in half a century – Baker Hughes
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The potential spread of the Israel-Hamas conflict threatens global oil supplies, the CEO of the energy services firm has said Growing global uncertainty amid the conflicts in Ukraine and the Middle East could have a negative impact on the world’s oil and LNG supply, Lorenzo Simonelli, chief executive of Baker Hughes, told the Financial Times this week.  According to Simonelli, the rising instability could have similar economic consequences as the ‘Oil Shock’ crisis of 1973–74. During that period, the world saw skyrocketing energy prices and fuel shortages after Arab oil-producing nations imposed an embargo in resp

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