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OilPrice

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TotalEnergies: High Oil Prices Are Here To Stay

International crude oil prices will remain high for a while, according to Patrick Pouyanné, chief executive of French supermajor TotalEnergies. "I've no good news to deliver, oil prices will remain high," Pouyanné told RTL France radio, commenting on the recent rally in oil prices and the higher energy, power, and gas prices, especially in Europe.

  Continuously growing global oil demand amid muted new investment in production will keep oil prices elevated, according to the CEO of one of the largest oil and gas producing companies…

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