The fast drop of oil prices during the past week due to coronavirus has caused a remarkable alarm among OPEC members who are evaluating the option to extend the cut of the production until June.

At the time being, OPEC is closely watching the evolution of the market together with the expansion of the virus, and the first signs do indicate that the epidemic will be less violent than the SARS exploded in 2003.

However, it will be necessary to wait some more weeks to have a better picture of the situation.

ENI, together with Eni New Energy has officially inaugurated a new photovoltaic plant in Porto Torres with a capacity of 31 MW. The new plant was built on the Eni Rewind’s areas. The annual output will be of 50 GWh, 70% of which will be self-consumed by the utilities connected to the Versalis net.

This is the second plant built by Eni in Sardinia. The project aims to the requalification of industrial areas for the realisation of renewable energy production plants. This according to the company’s strategy for the energy transition.