olrat/iStock Editorial via Getty Images Roughly 15% of TotalEnergies’ ( TTE ) production is offline, as the war with Iran nears the one-month mark, but surging oil prices have more than made up for the lost barrels, chairman and CEO Patrick Pouyanné told CNBC in an interview. With Brent crude ( CO1:COM ) trading above $100 a barrel, much of the attention has focused on oil prices, but Pouyanné sai...
olrat/iStock Editorial via Getty Images Roughly 15% of TotalEnergies’ ( TTE ) production is offline, as the war with Iran nears the one-month mark, but surging oil prices have more than made up for the lost barrels, chairman and CEO Patrick Pouyanné told CNBC in an interview. With Brent crude ( CO1:COM ) trading above $100 a barrel, much of the attention has focused on oil prices, but Pouyanné said the crisis is having a much larger impact on product prices. “The Brent market is ok, but the products market, which is the one which impacts customers … is much higher than Brent,” he told CNBC at S&P Global’s CERAWeek energy conference in Houston. He added, the world has “never experienced” refining margins from products including Asian jet fuel at current levels. In addition to petroleum products , about 30% of global fertilizer moves through the Strait of Hormuz, jeopardizing the spring planting season. TotalEnergies ( TTE ) is a major player in the global LNG market, including the largest exporter of U.S. LNG. The CEO said the company can still fulfill customer orders in Europe and Asia thanks to its diversified global portfolio. Pouyanné expects prices could move substantially higher if the war drags on through the summer, since Asian demand rises over the summer just as Europe looks to refill storage. European natural gas traded around $18 per million British thermal units Tuesday, but Pouyanné said prices could hit $40/MMBtu over the summer if the conflict continues. Last week, QatarEnergy said its Ras Laffan plant suffered “ extensive damage ” following Iranian drone attacks, effectively taking 20% of global LNG supply offline. The shutdown has sent natural gas prices in Europe and Asia surging. Shares linked to U.S. natural gas rose Tuesday as the Iran war disrupts Middle East supplies. Notable movers included Venture Global ( VG ), Diversified Energy ( DEC ), Cheniere Energy ( LNG ), NextDecade ( NEXT ), Expand Energy ( EXE ), Antero Resources ( AR ), Coterra E...
tadamichi Asian equity markets advanced on Wednesday amid reports of a possible US-proposed ceasefire with Iran, which helped ease concerns over oil prices. Market sentiment remains cautiously optimistic yet mixed following reports that the US was pursuing a one-month ceasefire to enable talks. According to The New York Times , Washington sent Iran a 15-point proposal to resolve the conflict. Thes...
tadamichi Asian equity markets advanced on Wednesday amid reports of a possible US-proposed ceasefire with Iran, which helped ease concerns over oil prices. Market sentiment remains cautiously optimistic yet mixed following reports that the US was pursuing a one-month ceasefire to enable talks. According to The New York Times , Washington sent Iran a 15-point proposal to resolve the conflict. These efforts were more significant than worries about increased tensions in the Middle East following President Trump's order for 2,000 troops to be deployed. WTI crude futures dropped about 4% to below $89 per barrel on Wednesday, reversing the previous session’s gains. Gold prices climbed more than 2% toward $4,600 on Wednesday, extending gains from the previous session. Japan ( NKY:IND ) rose 2.80% to above 53,600, while the broader Topix Index climbed 2.3% to 3,642 on Wednesday. The Japanese yen steadied around 158.7 per dollar on Wednesday after a volatile start to the week. The KOSPI (KOSPI) rose over 3% on Wednesday due to better outlooks for resolving the Middle East conflict. SK Hynix surged more than 5% after considering a US listing to meet rising AI memory demand. China ( SHCOMP ) rose 1.08% to above 3,900, while the Shenzhen Component jumped 1.9% to 13,800, extending gains from the previous session, and the offshore yuan Hong Kong ( HSI ) rose 0.37% to around 25,284 in Wednesday trading, marking a second straight session of gains. India ( SENSEX ) rose 2.19% to 75,042 on Wednesday, extending gains from the previous session. The Indian rupee hovered just below 94 per dollar, steadying near record low levels. Market participants continue to watch crude price swings, foreign flows, and geopolitical developments. On the data front, India’s HSBC composite PMI flash fell to 56.5 in March from 58.9 in February and below market expectations of 58.7, marking the weakest expansion since October 2022 amid the ongoing Middle East conflict. Australia ( AS51 ) rose 1.85% to 8,4...
Good morning . The US has a 15-point plan to end the Iran war. Brent crude falls below $100. And Danish Prime Minister Mette Frederiksen’s party won a closely contested election. Listen to the day’s top stories . The US has drafted a 15-point plan aimed at ending the war with Iran and delivered it via Pakistan, according to people familiar. Details of the proposal remain unclear. China’s Foreign M...
Good morning . The US has a 15-point plan to end the Iran war. Brent crude falls below $100. And Danish Prime Minister Mette Frederiksen’s party won a closely contested election. Listen to the day’s top stories . The US has drafted a 15-point plan aimed at ending the war with Iran and delivered it via Pakistan, according to people familiar. Details of the proposal remain unclear. China’s Foreign Minister Wang Yi urged Iran to engage in talks with Washington as soon as possible. An Iranian military spokesperson mocked US efforts to secure a ceasefire, the AP reported. Iran War Shows US Isn’t a ‘Sleeping Dragon,’ Wilbur Ross Says Watch the video Brent dipped below $100 and European stock futures climbed . Check out our Markets Today live blog for all the latest news and analysis relevant to UK assets. The Trump administration has ordered the 82nd Airborne Division to deploy about 2,000 soldiers to the Mideast , according to a person familiar. The forces add to the two Marine Expeditionary Units — with about 5,000 troops — that should start arriving in the region in the coming days. Iran said foreign ships are allowed to cross the Strait of Hormuz, as long as they aren’t supporting acts of aggression against the country and follow regulations put in place by Tehran. Iran is said to have started charging transit fees on some commercial vessels passing Hormuz. Danish PM Mette Frederiksen’s party won a closely contested election shaped by Donald Trump’s Greenland threats. But the party’s poor showing portends difficult coalition talks. Deep Dive: Dirty Money Each time he landed a six-figure commission for his tiny Swiss bank, Paul-Michel von Merey was known to thunder through the open-plan office close to Lake Zurich, loudly ringing a cowbell in celebration. The regular clanging reflected a lucrative seam his firm was mining. MBaer Merchant Bank, which von Merey co-founded in 2018, would sometimes charge clients as much as ten times the going rate to process payments, acc...
(RTTNews) - Meta Platforms, Inc. (META) has been ordered to pay $375 million by a court in New Mexico for misleading users over the safety of its platforms for children, reports said.
(RTTNews) - Meta Platforms, Inc. (META) has been ordered to pay $375 million by a court in New Mexico for misleading users over the safety of its platforms for children, reports said.
The abduction of Steven Stayner sparked a media frenzy, and the story did not end with his return. Plus: Lisa Kudrow returns in The Comeback. What to watch this evening 9.45pm, BBC Two A grimly remarkable story in which true crime begat content which, in turn, begat more, even more serious true crime. When seven-year-old Steven Stayner went missing in 1972, the search for him sparked a media frenz...
The abduction of Steven Stayner sparked a media frenzy, and the story did not end with his return. Plus: Lisa Kudrow returns in The Comeback. What to watch this evening 9.45pm, BBC Two A grimly remarkable story in which true crime begat content which, in turn, begat more, even more serious true crime. When seven-year-old Steven Stayner went missing in 1972, the search for him sparked a media frenzy. However, when he returned, it triggered something terrifying in his brother Cary, who claimed he had been neglected in favour of Steven and became notorious in his own right. Phil Harrison Continue reading...
DIJON, France – 25 March 2026 (07:20 AM CET) – CROSSJECT (ISIN: FR0011716265; Euronext: ALCJ), a specialty pharmaceutical company developing products for emergency situations based on its proprietary ZENEO® needle-free auto-injector technology, currently in the advanced stages of development and registration of ZEPIZURE®, an injectable for the management of epileptic seizures, today publishes its ...
DIJON, France – 25 March 2026 (07:20 AM CET) – CROSSJECT (ISIN: FR0011716265; Euronext: ALCJ), a specialty pharmaceutical company developing products for emergency situations based on its proprietary ZENEO® needle-free auto-injector technology, currently in the advanced stages of development and registration of ZEPIZURE®, an injectable for the management of epileptic seizures, today publishes its financial results for the financial year ended 31 December 2025.