Eni Can Still Do Well With Oil at $65-$70, CEO Descalzi Says
This article is for subscribers only.
Eni SpA can do well with oil at $65 to $70 a barrel, Chief Executive Officer Claudio Descalzi said.
That range “is still safe if you are in conventional assets,” Descalzi said in an Bloomberg Television interview with Francine Lacqua and Guy Johnson in Davos, Switzerland. He said Rome-based Eni’s asset break-even price is even lower at $45. Oil prices will probably rebound by the end of this year and could reach $70 to $90 “in a couple of years,” he said.