“No risk of foreign escalations. With Saudi Arabia in ENI share capital, we won a lottery. A gift from the Prince Mohammad bin Salman” the statement of FederPetroli Italia’s president Michele Marsiglia,  following Bloomberg and Wall Street Journal rumors for an equity investment under Covid19 period by the Saudi Sovereign Wealth Fund (PIF – Public Investment Fund).

Global oil demand is being destroyed as the coronavirus forces people around the world to remain indoors and avoid all unnecessary travel.

(Bloomberg) –Italy’s refiners risk permanent supply chain disruption if the country’s lockdown runs into June and companies stockpile crude and reduce production, industry lobby FederPetroli Italia said.