TotalEnergies CEO: Middle East Oil Producers Desperate to Sell Stockpiled Crude Amid Shipping Concerns
TotalEnergies CEO Patrick Pouyanné said Saturday that Middle East oil producers are desperate to sell crude stockpiled during the Persian Gulf conflict, but shipping worries are constraining gasoline and diesel inventories.
TotalEnergies CEO Patrick Pouyanné stated on Saturday that Middle East oil producers are eager to offload crude reserves accumulated during the Persian Gulf conflict.
However, ongoing shipping disruptions are limiting the buildup of gasoline and diesel inventories, according to Pouyanné.
Source: First Squawk