Eni : Sees Write-Down of EUR3.5 Billion on Lower Outlook for Prices --Reuters

By Josh Beckerman

--Eni SpA expects to record an asset write-down of about 3.5 billion euros ($3.96 billion) due to a lower long-term outlook for energy prices, Reuters reported.

--Eni is reducing its 2023 long-term price assumption for Brent to $60 a barrel from $70, and is also lowering its gas price assumption, Reuters reported.

Full story: https://www.reuters.com/article/us-health-coronavirus-eni-impairments/eni-to-book-3-5-billion-euro-asset-writedown-after-cutting-price-outlook-idUSKBN2472PO

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