TotalEnergies Made Middle East Oil Mega-Trades After Noticing US Navy Buildup in Gulf in February, CEO Says

🇫🇷 gCaptain Shipping (FR) —
TotalEnergies Made Middle East Oil Mega-Trades After Noticing US Navy Buildup in Gulf in February, CEO Says

AI Summary

TotalEnergies decided to purchase large volumes of Middle East crude oil in March after its traders noted a U.S. Navy buildup near the Gulf in February. This strategic move reflects market adjustments tied to geopolitical military presence in the region.

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

World Security Politics Markets Deals Energy Shipping TotalEnergies Middle East oil US Navy buildup crude oil purchase Gulf region geopolitics oil mega-trades

Read original source →