Total Energies Forecasts Strong Q2 Oil Trading Amid Middle East Volatility, LNG Weakness

NG2.28%
According to Jin10, French energy giant Total Energies said on July 16 that its second-quarter oil trading business performed strongly amid market volatility triggered by Middle East tensions, while natural gas trading faced headwinds. The company forecast oil trading profits will maintain first-quarter strength, with downstream business earnings and cash flow expected to rise significantly. However, integrated liquefied natural gas operations are projected to see a notable decline due to weak European LNG markets.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments