TotalEnergies Sees Strong Oil Trading Even as Gas Weakens - Energy News, Top Headlines, Commentaries, Features & Events
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10 Articles
TotalEnergies expects the results of the second quarter to receive a boost from the prolonged high energy prices caused by the conflict in the Middle East, but warned that the revenue from liquefied natural gas will fall sharply due to the weaker demand in Europe. Exclusive material for subscribers. To have full access, access the link of the material and register.
The French oil company TotalEnergies expects a profit increase in the second quarter due to the Iran war, while income from the LNG business is falling.
TotalEnergies Sees Strong Oil Trading Even as Gas Weakens - Energy News, Top Headlines, Commentaries, Features & Events
By Mitchell Ferman TotalEnergies SE reported another quarter of bumper oil trading after the Iran war upended crude markets, but warned of underperformance in its gas business. The French major said earnings from oil trading “are expected to remain at the same strong level as in the first quarter,” reflecting the market upheaval caused by ...
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