Eni CEO Expects Brent Oil Price to Rebound to $80 in Q4

Brent Crude prices are set to recover to $80 per barrel in the fourth quarter, Claudio Descalzi, chief executive at Italian energy major Eni, said on Wednesday. “Oil (is seen) at around $80 per barrel, while for natural gas in Italy we can (expect a price of) 30 euros per megawatt hour,” Descalzi said on the sidelines of the Energy Summit conference organized by Italian business daily Il Sole 24 Ore. There is extreme volatility in oil prices, Eni’s top executive said. The supply chain is not supporting the demand of around 104…