Apr 29, 2022 / 12:00PM GMT
Operator
Good afternoon, ladies and gentlemen, and welcome to Eni's 2022 First Quarter Results Conference Call, hosted by Mr. Francesco Gattei, Chief Financial Officer.
(Operator Instructions) I am now handing you over to your host to begin today's conference. Thank you.
Francesco Gattei - Eni S.p.A. - CFO
Good afternoon. Welcome to Eni 2022 First Quarter Conference Call. On the back of recovering demand, the energy market began 2022 with a tightening upstream as supply is impacted by a number of years of low investment, yielding sustained inventory draws and loss per production capacity, both in oil and gas. Correspondingly, downstream has been impacted by the effect of rising raw material prices and cost of its energy, albeit refining saw a rapid recovery margins in March. The impact of the Russia and Ukraine conflict has been to hasten these prevailing dynamics further, adding further strain to an already tight market.
The direct effect of the war on energy markets and its wider implication for the global economy means conditions have also been and
Q1 2022 Eni SpA Earnings Call Transcript
Feb 10, 2024
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