Tuesday, July 21, 2026
TotalEnergies sees stronger Q2 profit as refining and oil trading surge- oil and gas 360

TotalEnergies sees stronger Q2 profit as refining and oil trading surge

(Oil Price) – TotalEnergies expects higher cash flows from its oil production and strong refining margins and oil trading results to boost second-quarter profits compared to the prior quarter, as oil prices rose and fuel markets tightened in the wake of the Iran war. “Downstream results and cash flow are expected to increase sharply compared to the first quarter of 2026,

Trader or driller? Iran war exposes Big Oil’s transatlantic divide: Bousso- oil and gas 360

Trader or driller? Iran war exposes Big Oil’s transatlantic divide: Bousso

(BOE Report) – European oil majors’ first-quarter profits were lifted by bumper trading gains as the Iran war upended supply chains, underscoring how the ability to shift barrels around the world can sometimes trump pumping them out of the ground. BP, Shell and TotalEnergies have spent years building vast oil trading machines that now sit at the heart of their business – setting