Monday, June 15, 2026
Total considers stopping fuel oil sales for power: CEO- oil and gas 360

Total considers stopping fuel oil sales for power: CEO

Reuters ABERDEEN, Scotland – France’s Total (TOTF.PA) is considering stopping sales of fuel oil to power markets as the energy giant seeks to reduce its carbon footprint and grow its renewable power business, its chief executive told Reuters. Fuel oil is one of the most carbon intensive refined oil products, used mainly for power generation and as a marine fuel.

Oil rally continues as virus fears show signs of easing- oil and gas 360

Oil rally continues as virus fears show signs of easing

Houston Chronicle Oil gained for a fourth session, the longest rising streak this year, amid signs that the worst impacts of the coronavirus outbreak may be easing. Chinese refiners have used oil’s earlier drop to snap up cheap cargoes, taking many traders by surprise. That follows the World Health Organization’s view that the sharp increase in the number of virus