Total Says Geopolitics Hurting Crude Supply
Oil markets have lost 2 million barrels per day (bpd) of crude supply this year due to geopolitical issues, a senior executive at French oil and energy group Total said on Friday at a conference.The geopolitical issues that led to the crude supply loss include U.S.
Oil Majors Join Blockchain Platform
Oil majors Chevron and Total, along with major Indian refiner Reliance Industries, have joined the blockchain-based platform Vakt, London-based Vakt said on Tuesday.Vakt, already in use by other major trading firms since the end of last year, is the first of many blockchain pilot…
Total Promotes US Oil Trading Expert to Chief Trader
French oil major Total has appointed one of its U.S. oil trading experts, Thomas Waymel, as the new global head of trading and shipping, replacing long-serving chief trader Pierre Barbe. A company spokesman told Reuters Waymel would take over from Dec 1. Trading U.S. oil has become…
