E Eni SpA
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Eni SpA News
Oil market alert! Demand for diesel is weak, and refineries cut production
The profit from diesel production at Asian refineries is close to the lowest level in a year. This has prompted refineries to reduce the amount of crude oil they process.
Eni Eyes New Oil and Gas Spinoffs in Energy Transition Strategy - Reuters
Sector Update: Energy Stocks Advance Premarket Monday
Energy stocks were advancing premarket Monday, with the Energy Select Sector SPDR Fund (XLE) 0.2% higher recently. The United States Oil Fund (USO) was 0.6% higher, and the United States Natural Gas F
Eni Monetizes Oil Past to Finance Clean Energy Future: Report
The Italian oil and gas company Eni S.p.A. (NYSE:E) reportedly plans to spin-off interest in high-potential oil and gas projects, including Indonesia and Ivory Coast.The company plans to finance its d
Market Chatter: Eni Mulls Oil, Gas Projects' Spin-off Amid Shift to Low-Carbon Initiatives
Eni (ENI.MI, ENI.BR) is reportedly considering spinning off stakes in high-potential oil and gas projects, including in Indonesia and Ivory Coast, Reuters reported Monday, citing company sources. The
Shale oil giants are accused of manipulating oil prices! The US energy industry faces a series of class-action lawsuits
① The US shale oil industry is currently facing a series of lawsuits, accusing some of the biggest companies in the industry of colluding to limit production and maliciously raising oil prices; ② According to reports, companies such as ExxonMobil, Occidental Petroleum, and Diamondback Energy have been named in at least 10 class action lawsuits.
Iraq wants to expand crude oil reserves to 160 billion barrels and opposes continuing OPEC+ production cuts
① Beginning on Saturday, Iraq will hold its first oil and gas exploration project auction since 2018, with companies from China, Iraq, Arabia and Europe competing; ② Iraq hopes to drastically increase crude oil reserves and reduce its dependence on imported natural gas through this auction; ③ Iraq's Minister of Petroleum also made it clear that it will not continue to support extending production limits at the next OPEC+ meeting.
OPEC+ is “showing love” again, and there may be a change in the OPEC monthly report!
The new changes reflect long-standing cooperation between OPEC and its allies in collectively determining oil production.
RBC Raises Price Target on ENI to EUR18 From EUR17, Keeps Sector Perform Rating
ENI's (E) Italy-traded shares have an average investment rating of outperform among analysts polled by Capital IQ, with price targets ranging from EUR14 to EUR19.50. Price: 32.10, Change: +0.12, Perce
Express News | Goldman Sachs expects OPEC+ to reduce supply over a longer period of time
[Crude oil market closing] The decline in US crude oil inventories far exceeded expectations for the rise in oil prices
Oil prices rose slightly on Wednesday (May 8), after US oil storage data showed that crude oil inventories declined more than expected as refineries increased production before the summer driving season arrived.
WTI crude oil once fell below 77! KITU Macro: Some geo-risk premiums have been lifted
Economists at KITU Macro said that part of the risk premium for the Iran-Israel conflict has now been lifted, and OPEC+ may gradually eliminate production cuts starting in July.
The US restarts the reserve replenishment program, and is Biden ready to deal with soaring oil prices at any time?
Biden restarts the SPR supplement plan when oil prices fall. If oil prices rise before the election, Biden may release SPR again.
Could OPEC+ “open the door” to increase production? Russia's words make the oil market uneasy!
Russian Deputy Prime Minister Novak said that the possibility of increasing oil production under the OPEC+ agreement is being analyzed.
Israel persists in its actions! How will “Operation Rafah” affect oil prices?
Analysts say everything depends on how the Houthis and other countries react to the Rafah incident.
Should Value Investors Buy Eni (E) Stock?
Does Saudi Arabia have an “iron heart” to support oil prices? Raising the official price in June, sales in Asia increased more than expected
① Saudi Aramco's statement on Sunday showed that Saudi Arabia raised the official selling price (OSP) of Arabian light crude oil in June; ② the price increase for Asia was raised for the third month in a row; ③ industry insiders pointed out that Saudi Arabia's current price increase highlights that Saudi Arabia is still trying to keep the crude oil market tight at a time when the risk of conflict in the Middle East subsides.
Five consecutive drops! Oil prices fell 6% in a single week. Will the next two months be the key?
Standard Chartered Bank pointed out that May and June will be a critical period for whether petroleum fundamentals will be further tightened. At that time, inventories will decline at an accelerated pace, and global oil demand has reached a record high.
Berenberg Raises Price Target on ENI to EUR15.50 From EUR15, Keeps Hold Rating
ENI's (E) Italian shares have an average investment rating of outperform among analysts polled by Capital IQ, with price targets ranging from EUR14 to EUR19.50.
Energy giants have collectively declined in Q1 profits: refining profits are meager, and natural gas cannot be sold at a price...
US and European energy giants began announcing their first-quarter results one after another this week, but to Wall Street's disappointment, companies that have already published financial reports did not start well in the early part of the year.
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