MILAN, Nov 22 (Reuters) - Oil prices could fall further, Italian oil company Eni SpA's (ENI.MI: Quote, Profile, Research, Stock Buzz) chief executive officer, Paolo Scaroni, was quoted as saying on Saturday.
Oil has plummeted nearly $100 a barrel since hitting record highs of over $147 in July, with demand shrinking as the credit crisis hit large consumer nations.
"I think for a little while yes," Italian news agency ANSA quoted Scaroni saying on the sidelines of an event when asked whether oil prices would fall further.
"It depends on what OPEC will decide ... in Cairo."
Members of the Organisation of the Petroleum Exporting Countries (OPEC) will meet next week in Cairo, but may not take any decision to reduce output to defend prices.
When asked whether he thought OPEC could cut output, ANSA quoted Scaroni as saying: "I don't think they think they will cut (next week), but they could prepare a cut a few days later ... I don't know." Scaroni also said European families could save 2,000 euros if oil prices stayed at current levels next year.
He said an attempt to bring back nuclear power in Italy -- banned 20 years ago in a referendum -- was "laudable" but would require "a titanic effort" to convince Italians.
sumber : http://www.reuters.com/article/rbssEnergyNews/idUSLM30972720081122
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