Italian oil company Eni SpA plunged to a net loss in the first quarter, hurt by accounting changes related to disposals and low crude oil prices. It posted a net loss for the quarter of €792 million ($897.8 million) compared with a net profit of €832 million in the same period a year earlier. It also reported a loss on its continuing operations of €803 million, down from a profit of €617 million in the first quarter of 2015. Adjusted operating profit from continuing operations was down 69% compared with the same period last year at €472 million, pressured by lower commodity prices. Eni, along with other energy companies world-wide, has been hampered by an oil price slump that started in 2014 and hit a 13-year low at the beginning of the year of […]