Latest news and articles about Total Energies from NEX English
French company Total Energies has reported profits exceeding <strong>$1 billion</strong> (approximately <strong>€868 million</strong>) from purchasing oil shipments from the Middle East, capitalizing on disruptions caused by the conflict in Iran. This comes as oil prices soar to unprecedented levels.
Non-Middle Eastern energy companies are significantly benefiting from the ongoing war in Iran, with Total Energies reporting profits exceeding $1 billion. This comes at a time when energy flows from the Gulf are facing severe bottlenecks.
Total Energies has warned that the ongoing military conflict lasting over six months will lead to an unprecedented economic shock worldwide, with exacerbating oil supply shortages and rising inflation rates.