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The Ukrainian military says it hit an oil refinery in Russia’s Samara region.
2026-07-12
The Ukrainian military says it hit an oil refinery in Russia’s Samara region.
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2026-07-11
The CEO of Italian oil company Eni said that if the Middle East conflict continues, the oil market may break out of its current range in early 2027.
The CEO of Italian oil company Eni said that if the Middle East conflict continues, the oil market may break out of its current range in early 2027.
2026-07-11
Eni CEO Claudio Descalzi said if the Middle East conflict persists, the global oil market will break out of the current roughly $80–$100 per barrel range by Q1 2027 at the latest, boosting inflation and depressing energy demand. Strategic reserve rel
Eni CEO Claudio Descalzi said if the Middle East conflict persists, the global oil market will break out of the current roughly $80–$100 per barrel range by Q1 2027 at the latest, boosting inflation and depressing energy demand. Strategic reserve releases have so far kept prices in that band, but reserves are finite and the approach faces rising risk. Iran-related disruptions since late February have driven average daily inventory draws of about 3.8 mln barrels, accelerating to 4.6 mln bpd in May. Descalzi called for diversification of supply sources and routes — highlighting North Africa, sub-Saharan Africa, Latin America and Southeast Asia — and urged reduced reliance on sea lanes under concentrated control.
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