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Factbox: Geopolitical Energy Risks Become More Acute

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Factbox: Geopolitical Energy Risks Become More Acute

Geopolitical risks to energy supplies have affected oil prices in recent months. With global oil markets now largely rebalanced these risks have become more acute.

Flashpoints in the Middle East and North Africa have been the main focus of attention this year but Venezuela's political crisis has taken a new dimension hitting oil output.

As OPEC-led cuts slash the world's oil stock overhang, flashpoints have the potential to cause fresh price volatility this year, particularly as global spare capacity thins and economic recovery stokes demand growth.

The following is a round-up of the top geopolitical threats by country.

(Current production data is assessed by S&P Global Platts unless stated otherwise)