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Oil majors suffering from OPEC+ output hike, not from U.S. tariffs, Eni exec says

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Oil majors are suffering after eight OPEC+ countries unexpectedly agreed to increase oil output in May, while tariffs imposed by U.S. administration had a muted effect on the sector, Eni’s ENI top executive Francesco Gattei said on Friday. He added that energy groups could react to the possibility of tariffs denting global economic growth, reducing ...

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