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Eni CEO Predicts Oil Market Breakout by Early 2027 Amid Middle East Conflict

Claudio Descalzi, CEO of Italian state-controlled Eni, predicts that the global oil market will break out of its current $80-$100 range by the first quarter of 2027 at the latest, potentially boosting inflation and reducing energy demand if the Middle East conflict persists.

12 Jul, 23:21 — 12 Jul, 23:21
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myjoyonlineMixed33d ago

Eni CEO says oil market risks breaking out of current range by early 2027

The global oil market will break out of its roughly $80-$100 range by the first ​quarter of 2027 at the latest, boosting inflation ‌and reducing energy demand if the Middle East conflict continues, Claudio Descalzi, the CEO of Italian state-controlled group Eni, said.

By Abubakar Ibrahim

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