OPEC+ oil supply cuts and recent efforts to unwind them have increased volatility in energy markets and hampered investment in new production, the CEO of Italian energy company Eni said on Monday.

OPEC is not going to release all the oil production that they stopped to balance the price, Eni CEO says Haitham Al Ghais, the OPEC secretary general, says "we're always very proactive, precautionary ...

Libya is preparing to hold its first oil and gas exploration bid round in over 17 years, signaling a potential boom in the ...

OPEC cut its estimate for China's crude oil demand ... U.S. investment funds are showing confidence in Eni's strategy of spinning off growth businesses in order to attract financial resources ...

(Reuters pic) Opec+ oil supply cuts and recent efforts to unwind them have increased volatility in energy markets and hampered investment in new production, the CEO of Italian energy company Eni said ...

Eni CEO criticizes OPEC+'s oil production management strategy, arguing it creates price volatility and discourages investment in new oil and gas production.

In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would then be gradually reduced month by month until they are eliminated by September 2025.