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

Eni SpA CEO Claudio Descalzi was speaking Monday US time in a Bloomberg TV interview.

• Said that OPEC and its allies are unlikely to deepen their production cuts

Speaking elsewhere he added:

• “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”