European Energy Risk Index (EERI)

The EERI tracks geopolitical risk, gas supply disruptions, and market stress across European energy systems. Updated daily, it provides a single composite score from 0 to 100 measuring systemic risk in European energy markets.

⚡ European Energy Risk Index
53 / 100
ELEVATED
0 = minimal risk · 100 = extreme systemic stress
Last updated: 2026-10-18
Public value delay: 24 hours
vs yesterday +1
7-day change -2
30-day range 41–55

What EERI Measures

EERI aggregates alert severity, regional conflict concentration, and energy asset exposure into a single daily index focused on European energy systems. It captures geopolitical tensions, gas supply disruptions, sanctions impacts, and market volatility affecting natural gas, crude oil, LNG, and power infrastructure across Europe.

⚔️
Geopolitical Risk
Low
⛽
Energy Supply
Low
📊
Market Stress
Low
📈

EERI History (14 days)

Public 14-day EERI history (24h delayed)

🧠

EERI Interpretation

Today’s European Energy Risk Index signals a period of elevated structural stress across the continent’s energy systems, even in the absence of acute, headline-driving events. This elevated band underscores persistent vulnerabilities in Europe’s energy infrastructure and market fundamentals, rather than reflecting immediate shocks or disruptions. For gas and oil flows, the index points to a market environment where underlying fragilities—such as legacy supply chain constraints, ongoing decarbonization pressures, and latent geopolitical uncertainties—continue to weigh on system resilience. Market stability, while not under direct threat from any single event today, remains susceptible to sudden shifts should latent risks materialize or if unforeseen incidents were to occur.

📊 Weekly Risk Snapshot

How European energy risk evolved this week and how markets responded.

⚡ Weekly EERI Overview
Week: Oct 13 – Oct 19, 2026
Average Risk
53 (ELEVATED)
Trend vs Prior Week
↑ Rising
Weekly High
55 (Tue)
Weekly Low
51 (Mon)
Risk Regime Distribution
ELEVATED
7 days
Cross-Asset Risk Confirmation

Did markets validate the risk environment this week?

TTF Gas
+1.13%
🟡 Neutral
Gas prices showed limited reaction to risk conditions.
Brent Oil
+2.57%
✅ Confirming
Oil markets reacted to energy stress with upward price pressure.
VIX
+20.76%
✅ Confirming
Broader risk sentiment reacted to energy stress.
EUR/USD
+0.58%
🟡 Neutral
EUR/USD remained stable despite energy market stress.
EU Gas Storage
+0.95%
🟡 Neutral
Storage levels followed seasonal norms.
LNG (JKM)
+14.24%
✅ Confirming
LNG spot prices rose alongside European energy risk, reflecting global competition for cargoes.
EERI vs TTF Gas
EERI vs Brent Oil
EERI vs EU Storage
EERI vs VIX
EERI vs EUR/USD
🟡 Markets Mixed
Markets Mixed — Brent Oil, VIX, LNG (JKM) confirmed elevated risk.
Historical Context

Historically, weeks where EERI spends multiple days in ELEVATED territory are associated with:

  • Gas markets may show directional uncertainty
  • Oil markets often display mixed signals
  • Risk sentiment tends toward gradual normalization
  • Supply-chain indicators warrant close monitoring
Next-Week Historical Tendencies (Not Forecasts)
TTF Gas
50–60% probability of moderate volatility
Medium
Brent Oil
45–55% mixed directional bias
Low
VIX
45–55% normalizing tendency
Low
EUR/USD
50–55% stable
Low
EU Gas Storage
50–60% seasonal norms
Medium
LNG (JKM)
50–60% moderate price sensitivity
Low

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