Italian "supermajor" oil company Eni SPA CEO said deeper OPEC+ production cuts unlikely

<p>Eni SpA CEO Claudio Descalzi was speaking Monday US time in a Bloomberg TV interview. </p><ul><li>Said that OPEC and its allies are unlikely to deepen their production cuts</li></ul><p>Speaking elsewhere he added:</p><ul><li>
“We need a price that allows us to make investment and we need a price that is not against consumers because otherwise you reduce the capability to spend and then you destroy your market. So we need a balanced situation” </li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.