Free Trial

OIL PRODUCTS: ENI to Cut Refinery Crude Processing

OIL PRODUCTS

Italy’s ENI is to cut crude processing at its refineries amid a plunge in refinery cracks, highlighting a weak market, Bloomberg said.

  • The plants will reduce run rates by up to 10% in some locations.
  • “We are implementing measures to mitigate the reduction of refining margins, but we do not comment on rumours regarding details,” an Eni spokesman told Blooberg.
58 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Italy’s ENI is to cut crude processing at its refineries amid a plunge in refinery cracks, highlighting a weak market, Bloomberg said.

  • The plants will reduce run rates by up to 10% in some locations.
  • “We are implementing measures to mitigate the reduction of refining margins, but we do not comment on rumours regarding details,” an Eni spokesman told Blooberg.