Italian Eni increases near-term crude oil price outlook as market recovery powers strong Q2 earnings
03.08.2021
MOSCOW (MRC) -- Italy's Eni raised its near-term oil price outlook July 30 as the market rebound fueled strong second quarter earnings despite lower production volumes and negative refining margins, reported S&P Global.Eni said it is now assuming a near-term Brent price of USD65/b, up from USD60/b previously, to reflect a firming oil market scenario which helped its adjusted earnings mor