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2026-05-28 23:28:33
[Total Energy CEO: Company Made Huge Middle Eastern Oil Deal After Noticing US Military Deployment in the Gulf in February] Patrick Pouyanne, CEO of French oil giant TotalEnergies, told the French newspaper Le Figaro that the company's traders noticed the US Navy's deployment of warships near the Persian Gulf in February, prompting the company to make a large-scale purchase of Middle Eastern crude oil in March. "Our oil traders—that's their job—noticed the US Navy's deployment of warships around the Persian Gulf in February. They decided to build a position against the trend because the market was in a downtrend at the time. They bought and believed that something big was about to happen."
