Italy's Eni plots return to oil and gas trading, FT reports

Core Viewpoint - Eni is considering re-entering the oil and gas trading market to capitalize on the significant returns seen by competitors like BP, Shell, and TotalEnergies amid rising energy price volatility due to geopolitical tensions [1]. Company Strategy - Eni's CEO Claudio Descalzi indicated that the company had ceased trading in 2019 but noted that major competitors are actively engaged in trading and generating substantial profits from it [1]. Market Context - The decision to re-enter trading comes as geopolitical tensions are contributing to increased volatility in energy prices, which presents potential opportunities for profit [1].