Eni CEO Sees Oil Market Stabilizing on U.S.-China Trade Deal
Claudio Descalzi
Photographer: Miguel Medina/AFP via Getty Images
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The partial trade deal that the U.S. reached with China should help make the global oil market more stable, Eni SpA Chief Executive Officer Claudio Descalzi said in a Bloomberg Television interview.
The price of crude will average $60 to $65 a barrel in 2020, due partly to the decision earlier this month by the Organization of Petroleum Exporting Countries and allied producers to extend and deepen cuts in output, Descalzi said Saturday in Doha.