TotalEnergies CEO says Middle East oil mega-trades followed US Navy moves into Gulf

Shell Plc Sponsored ADR

Shell Plc Sponsored ADR

SHEL

0.00

By America Hernandez

PARIS, May 28 - French oil major TotalEnergies TTEF.PA made the decision to buy large amounts of Middle East crude in March after its traders noticed the US Navy massing ships near the Persian Gulf in February, its CEO told French newspaper Le Figaro in an interview published on Thursday.


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.