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TotalEnergies CEO Reveals Cost To Move A Supertanker Through Hormuz

TotalEnergies CEO Reveals Cost To Move A Supertanker Through Hormuz The crisis-driven dislocation across Gulf oil markets has positioned French energy giant TotalEnergies SE as an early mover, capitalizing on heavily discounted Persian Gulf crude priced at $50 to $60 a barrel and moving it through the highly contested Strait of Hormuz. CEO Patrick Pouyanné revealed at the Norwegian energy conference on Monday that transiting the waterway now costs roughly $20 million per supertanker. Bloomberg earlier quoted Pouyanné as saying that the added cost of moving crude on supertankers through the Hormuz...
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Aug 25, 2026 / Tyler Durden
Washington Backs Brazil's Serra Verde Mine In $1.55 Billion Rare-Earth Push
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Jun 1, 2026 / Tyler Durden
GoPro Warns It May Not Survive As AI Memory Crunch Bites
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Mar 27, 2026 / Tyler Durden
Trump Signs Memo Directing DHS To Pay TSA Agents; First Paychecks Could Arrive Monday
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