Italian energy company Eni said it would be cash neutral so long as oil prices hold above $55 per barrel, boasting its own net production was up from last year. “I confirm the objective of cash neutrality for 2018 at a Brent price of $55 per barrel,” CEO Claudio Descalzi said in a statement Friday. For the first quarter, the Italian company reported its adjusted net profit was up 31 percent from the last period to $1.2 billion. Crude oil prices are up from the upper-$50 range in the fourth quarter to around $74 per barrel. Since the start of the second quarter, the price for Brent crude oil is up about 8 percent. Crude oil prices are supported by a geopolitical […]