Middle East tensions threaten to push oil prices beyond current range, Eni CEO says
5 Articles
5 Articles
Middle East tensions threaten to push oil prices beyond current range, Eni CEO says
Milan, July 11 (SANA) Continued tensions in the Middle East could push global oil prices beyond their current range of $80 to $100 per barrel by the first quarter of 2027, Eni CEO Claudio Descalzi said, warning that prolonged regional conflicts are increasing pressure on energy markets. Speaking to Reuters on Saturday, Descalzi said withdrawals from global oil inventories have so far helped keep crude prices within that range, but cautioned that…
The oil barrel could cross 100 dollars at the beginning of 2027 if tensions in the Middle East and logistical disruptions continued, according to Claudio Descalzi, general manager of the Italian oil group Eni. In an interview published by the Italian financial daily Il Sole 24 Ore, the leader estimates that oil prices could leave their range from 80 to 100 dollars in the first quarter of 2027. An escalation, especially around the maritime routes…
Will Oil Prices Break Out by Early 2027?
Rome, Italy, July 11, Brussels Morning Newspaper – Eni CEO oil market outlook drew attention after the Italian energy company’s chief executive said global oil prices could move beyond their current trading range by early 2027. The comments come as energy markets continue balancing supply, demand, geopolitical risks, and investment in future production. Analysts say the market […]
Oil prices could rise sharply again, according to Claudio Descalzi, CEO of Italian energy giant Eni. He also warned that dwindling global oil and gas stocks risk hitting Europe's energy supply hard, Bloomberg reports.
Warning: Oil prices may leave their current range at the beginning of 2027. The CEO of Innie Italiana, Claudio Discalzi, warned that if tensions and conflict continue... oil prices may be released from their current range of $80 to $100 per barrel by the first quarter of 2027.
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