New Hormuz blockade changes global energy situation says Descalzi

(ANSA) - ROME, JUL 16 - The fresh Iranian blockade of the Strait of Hornuz changes the global energy situation, Eni CEO Claudio Descalzi told the Italian parliament Thursday. "We are in a situation, from an energy standpoint, that prices have obviously not yet certified as a major problem because approximately 400 million barrels of reserves for OECD countries have been used and released onto the market, which has allowed prices to remain in a range between $90 and $100," Descalzi told a hear...

By ANSA