| Eni SpA, Italy’s largest energy producer, sees “some recovery” in the global oil market as demand increases and supply declines, according to Chief Executive Officer Claudio Descalzi.
While physical oil stocks remain high, the market may rebalance in September or October this year, Descalzi said Tuesday in an interview on Bloomberg Television. He said it’s become harder to predict the price of crude, which has gained almost 50 percent since slumping to a 12-year low in January...............................................Full Article: Source
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