Eni's Descalzi, on oil price, says a balanced situation needed

CEO of Italian energy group ENI Claudio Descalzi said on Monday that a balanced situation was needed for oil prices.

"We need a price that allows us to make investment and we need a price that is not against consumers because otherwise you reduce the capability to spend and then you destroy your market. So we need a balanced situation," Descalzi told reporters at an energy conference in the UAE's capital.

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