"Eni": Oil price will make $70 a barrel next year

  11 December 2014    Read: 1418
"Eni": Oil price will make $70 a barrel next year
Oil price will make $70 a barrel next year. Only in 2016, the oil price will regularly increase, said the CEO of Italian Eni company Claudio Descalzi.

“We suppose that the oil price will be at $65-70 a barrel in 2015. This price may even be lower, but thereafter will rebound. Oil price decline will continue by the en dof next year and will start to regularly increase from 2016”, he said.

C. Descalzi said the $1 decline of oil price means €90-100 mln loss for the company in a year: “However, Eni top-managers are not in agitation”.

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