Key facts: Eni Seeks U.S. Licenses for Venezuelan Oil; Stock Drops 2%; Meloni Backs CEO
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Eni, with Repsol and Maurel & Prom, has applied for U.S. licenses to export Venezuelan oil, halted since 2019 due to sanctions. This could revive oil exports.1Eni's stock experienced a 2% decline in early trading, aligning with a broader downturn in European energy stocks, attributed to lowered expectations regarding U.S. military action against Iran.2Prime Minister Giorgia Meloni is expected to support CEO Claudio Descalzi for a new three-year term at Eni, allowing him to continue as the company's longest-serving head.3
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