Deadly Armenia-Azerbaijan clashes unlikely to cause an oil spike, analyst says

Deadly Armenia-Azerbaijan clashes unlikely to cause an oil spike, analyst says

People greet soldiers with Azerbaijani and Turkish flags on Sept. 27, 2020 in Tartar, Azerbaijan as clashes continue at Azerbaijan-Armenia contact line.Resul Rehimov | Anadolu Agency | Getty ImagesDeadly clashes between Armenia and Azerbaijan are unlikely to result in major disruptions to energy production and supplies, analysts say, despite the region being a critical corridor for pipelines transporting oil and gas to the global markets."There is not really much anticipation that this will boil over into something more serious for oil and commodity markets," Edward Bell, a senior director at Dubai-based Emirates NBD bank, told CNBC."If the geopolitical premium is not already in the price, I don't think we're going to see much reaction here on in," Bell added, despite a worry that recent clashes could impact production or pipeline