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TotalEnergies (TTE FP) CEO says about 10mln BPD going through Hormuz

StockNow breaking-news AI analysis

TotalEnergies' CEO noted 10mln BPD flows through Hormuz, warned a 50% capacity implies a new normal, and stated gas prices could reach $30/MMBtu soon.

News detail

Market comes to a new normal if the Strait of Hormuz capacity is at 50%. Would not be surprised to see gas prices at $30 per million btu soon.

1 stocks
TTETotalEnergies SE$91.30Current price

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