Brent oil price trend will drop, says Eni's Descalzi
(AGI) Vienna, June 3 - The price trend for Brent oil isdestined to fall below that of the last five years, Eni's CEOClaudio Descalzi stated during the 6th Opec InternationalSeminar. "The drop in oil prices caused different dynamics tothose in the past, because every production cut to maintainprices can be immediately compensated by the new, addedcapacity of shale oil," he said. "Taking this key element intoconsideration, we should see W-shaped price fluctuations with atrend in a lower range for Brent oil than the last fiveyears'." Businesses in the oil and gas