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TotalEnergies Dominates Middle East Oil Trade, Profits Over $1 Billion

TotalEnergies achieved significant profits exceeding $1 billion by purchasing all available crude oil cargoes from the UAE and Oman in March for May loading, capitalizing on its Middle East oil trading strategy amidst the ongoing conflict and dominating the region's oil trade, as reported by Financial Times sources.

30 Mar, 04:00 — 30 Mar, 04:00
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Sources

Showing 1 of 5 sources
FTVery High4d ago

TotalEnergies made bumper profit on Middle East oil bet

In March, French group bought every available cargo of crude produced in UAE and Oman for loading in May

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Coverage Timeline

First report: FT · 30 Mar, 04:00Full coverage: 5 · 15hWindow: 15h
Left-leaningCenterRight-leaning
FT30 Mar, 04:00First to report

TotalEnergies made bumper profit on Middle East oil bet

2h later
naftemporiki30 Mar, 06:08

TotalEnergies: Το «στοίχημα του πολέμου» έφερε κέρδη άνω του 1 δισ. δολαρίων

3h later
seeking-alpha30 Mar, 09:21

TotalEnergies dominates Middle East oil trade amid war — FT

1h later
capital-bg30 Mar, 10:27

Бизнес глобус: TotalEnergies печели от петролния си залог в Близкия изток; Почти 30% ръст в броя на затворените фабрики във Франция през 2025 г.

9h later
dh-les-sports30 Mar, 18:57Latest update

TotalEnergies aurait profité de la guerre au Moyen-Orient pour réaliser plus d’un milliard de dollars de gains !

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