The CEO of Eni sees a possible increase in oil prices above current levels until the beginning of 2027

Claudio Descalzi, the CEO of the Italian energy group Eni, stated that maintaining current oil prices has been possible due to the use of strategic reserves, but this solution is not sustainable in the long term, considering that global stocks are limited.

Descalzi warned that a rise in prices could fuel inflation and reduce global energy demand. Global oil stocks have decreased by 3.8 million barrels per day, and in May the decline accelerated to 4.6 million barrels per day, due to disruptions caused by the conflict between Iran and the United States. He emphasizes the need to diversify supply sources to improve energy security, considering the increasingly important role of producers from Africa, Latin America, and Southeast Asia.

Descalzi also mentioned that the demand for electricity is increasing due to the development of artificial intelligence and data centers, making it essential to ensure stable and diversified energy sources.