Eni's (E +2.3%) CEO believes Libyan oil production has fallen 75% to just 400K barrels/day. "The...

|By:, SA News Editor

Eni's (E +2.3%) CEO believes Libyan oil production has fallen 75% to just 400K barrels/day. "The real phenomenon is there are 1.2MBD less on the market," says Paolo Scaroni. Brent crude (BNO) +3.6% to $115, after spiking +8% earlier.