Eni – Oil

The main theme of the report is related to the analysis of the global oil market in 2024.

Key findings include the impact of geopolitical conflicts (Russia-Ukraine, Israel-HAMAS) on global energy markets. The average price of Brent crude oil was $80.8 per barrel, 2% lower than in 2023. Global oil consumption increased by 0.8 million barrels per day, mainly due to the recovery of the aviation sector and demand for petrochemical feedstocks. Global oil production increased by 0.5 million barrels per day, with the main contribution from non-OPEC countries, especially the USA. Expansion of primary oil refining capacities, especially in Africa and the Middle East.