OilPrice · February 18, 2026 · 1 min read

Eni Considers Return to Oil Trading as Rivals Reap Billions

Analysis

OilCyprus Editorial

Eni is considering re-entering the oil trading business after exiting in 2019. This move is driven by the significant profits other European supermajors are realizing from trading their own produced commodities, highlighting a potential missed opportunity for Eni.

Key Facts

Eni stopped oil trading in 2019.
Other major oil companies are generating substantial profits from oil trading.
Eni's CEO indicated the company is re-evaluating its trading strategy.

Market Impact

Eni's potential return to oil trading could increase competition in the market and potentially impact trading margins. It also signals a broader trend of integrated oil companies seeking to maximize value across the entire value chain, from production to trading.

Why This Matters

This decision could significantly impact Eni's profitability and strategic positioning within the competitive landscape of integrated oil and gas companies.

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