Oil market bearish for crude, bullish for products, says TotalEnergies CEO

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TotalEnergies CEO Patrick Pouyanne stated that the global oil market trends bearish for crude oil but bullish for refined petroleum products. Crude shipments continue through the Strait of Hormuz, but higher shipping costs have disrupted flows of refined products in this critical waterway.

🇳🇴 Location: Stavanger — Sources: 1 — First seen: — Last seen:
TotalEnergies oil market crude oil refined products Strait of Hormuz

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TotalEnergies

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Patrick Pouyanne

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Strait of Hormuz

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