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Oil: Descalzi (Eni), price 65-70 $ right, barrel consumption too high
(Il Sole 24 Ore Radiocor Plus) – Milan, July 2 – With the
expected increase in production of OPEC countries e
not equal to one million barrels a day, according to the
latest agreements, the price of a barrel can be stabilized
around 65-70 dollars, a level considered adequate,
because "too big increases could discourage them
the consumption. The CEO of Eni said
Claudio Descalzi, expressing on the sidelines of the signature
of alliance on research projects with the Polytechnic of
Milan. "I think 70 dollars is a little above the price
it can be good for the producer and the
consumers. It is clear that those who invest must have an idea
continuity of the price, "he said, stressing that
"Right now, the forecasts are for growth, but not
They say, because it depends on how much Saudi Arabia and the
Russia will be able to play on reserve capacity (or
stocks). It is clear that they managed to respect the million
more barrels a day than they promised (the increase
expected on the basis of the latest OPEC agreement on the rise
production), which was later increased to 600 000 barrels on
the price could stabilize around 65-70 dollars, if
that will not be done, it will mean that there will be one
stabilization a little bit higher, which can be of
75-80 dollars. "Descalzi stressed that" the high price
it also scares those who produce, because it lowers consumption and makes
enter a state of overcapacity. Now stocks
they are fairly balanced, or rather they have gone below average
of the last five years and then all the geopolitical stimuli
immediately creates price increases and stimuli
geopolitics, there are many. "
Ars-
(RADIOCOR) 02-07-18 11:20:28 (0258) ENE 3 NNNN
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