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19.02.26 - 10:21
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Eni Considers Return To Oil Trading As Rivals Reap Billions (ZeroHedge)
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Eni Considers Return To Oil Trading As Rivals Reap Billions
By Charles Kennedy of OilPrice.com,
Italy's Eni is considering reopening its oil-trading business as it misses out on the profits that its fellow European supermajors are generating from selling the commodities they produce, the company's chief executive told the Financial Times.
“I stopped trading in 2019, but the other big companies are all traders,” Claudio Descalzi told the publication in an interview. “BP, Shell, Total are big traders, and they make billions from that.”
Indeed, trading has been especially profitable for the other supermajors, so Eni is pivoting via partnerships.
Descalzi told the FT that Eni was in preliminary talks with a number of commodity trading houses, including Mercuria.
“It is not in our DNA. We are not very commercial,” Descalzi explained.
“So I thought to become commercial, we have to have a partnership to understand the business.”
“If we can offer physical hedging, that is a big adv...
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19.02.26 - 08:31
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Brent Crude Oil: Jetzt kommt es hier zum Schwur! (LYNX)
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Brent Crude Oil hat die Handelsspanne der letzten Wochen noch nicht nach oben verlassen, schloss aber genau an deren oberem Ende – was so noch nicht gelungen war. Das bullische Lager steht bereit für den Ausbruch – und alles steht und fällt dabei mit der Iran-Thematik....
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18.02.26 - 21:00
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Crude Oil Skyrockets Amid Renewed Iran Concerns (AFX)
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WASHINGTON (dpa-AFX) - Crude oil prices have skyrocketed on Wednesday, regaining ground following the slump that was seen last week and extended into Tuesday.After sliding $0.59 or 0.9 percent to ......
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