Total CEO Sees Mideast Producers Desperate to Sell Oil Stocks

Middle East oil producers are desperate to sell crude stockpiled during the recent Persian Gulf conflict, but gasoline and diesel inventories remain constrained due to shipping worries, TotalEnergies SE Chief Executive Patrick Pouyanné said.

Jul 4, 2026 - 16:00
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Total CEO Sees Mideast Producers Desperate to Sell Oil Stocks
Middle East oil producers are desperate to sell crude stockpiled during the recent Persian Gulf conflict, but gasoline and diesel inventories remain constrained due to shipping worries, TotalEnergies SE Chief Executive Patrick Pouyanné said.

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