{"id":17564,"date":"2026-07-11T15:42:03","date_gmt":"2026-07-11T15:42:03","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=17564"},"modified":"2026-07-11T15:42:03","modified_gmt":"2026-07-11T15:42:03","slug":"eni-ceo-says-oil-market-risks-breaking-out-of-current-range-by-early-2027","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/17564\/","title":{"rendered":"Eni CEO says oil market risks breaking out of current range by early 2027"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0The global oil market will break out of its roughly $80-$100 range by the first quarter of 2027 at the latest, boosting inflation \u200cand reducing energy demand, if the Middle East conflict continues, Claudio Descalzi, the CEO of Italian state-controlled group Eni said.<\/p>\n

The release of stockpiles has helped to keep crude prices largely within that range \u2060so far, he said in an interview with Il Sole 24 Ore newspaper published on Saturday.<\/p>\n

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    The strategy carries growing risks because global reserves are finite, he said.<\/p>\n<\/li>\n

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    “The long-term solution is greater energy security through diversification of supply sources and routes,” he said.<\/p>\n<\/li>\n

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    Descalzi said global oil stocks have fallen by an average 3.8 million barrels per day, \u200caccelerating \u2060to 4.6 million bpd in May, as a result of disruption linked to the Iran war that began at the end of February.<\/div>\n<\/li>\n
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    He said countries should focus on producers in North \u2060and sub-Saharan Africa, Latin America and Southeast Asia, while reducing dependence on controlled maritime passages.<\/p>\n<\/li>\n

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    Eni has limited exposure to the \u2060Middle East, while most of its upstream production is in Africa and Latin America.<\/p>\n<\/li>\n

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    Power demand generated by artificial \u2060intelligence technologies and the rapid expansion of data centres has increased the urgency of ensuring security of energy supply.<\/p>\n<\/li>\n<\/ul>\n<\/div>\n

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