Oil prices are more susceptible to political events than in the past few because of a dwindling global supply cushion, the chief executive of Italy’s energy firm Eni Claudio Descalzi said. Speaking to Reuters on the sidelines of the World Economic Forum in Davos, Descalzi said that production cuts by OPEC members and Russia and […]
Read More The current and former CEOs of Italian oil giant Eni were ordered Wednesday to face trial on corruption charges for the alleged payment of bribes over the $1.1 billion sale of one of Africa’s richest oil blocks in Nigeria. CEO Claudio Descalzi and his predecessor Paolo Scaroni are among 15 defendants who will face trial […]
Read More The CEO of Italian oil and gas producer ENI says he does not expect that corruption investigations into a Nigerian oil field contract will impact a decision on renewing his mandate. CEO Claudio Descalzi said Wednesday that he didn’t think investigations in Milan and Nigeria would impact the decision, but added “you need to ask […]
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