Eni SpA has reported a wider net loss in the fourth quarter as the sharp drop in crude oil prices played havoc with the Italian oil and gas group’s performance, knocking revenue lower and triggering hefty write-downs. Eni said its net loss widened to €2.34 billion ($2.67 billion) in the three months to end-December, compared with a net loss of €647 million in same period the previous year, on a 10% drop in revenue to €26.83 billion. Adjusted profit, which strips out special items, dropped by two-thirds to €464 million, below a consensus analysts’ forecast €614 million. Showing similar strain to its bigger European rivals like Royal Dutch Shell NV, BP PLC, and Total SA, Eni said it marked down the value of its oil and product […]