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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAmid escalating geopolitical tensions threatening global trade routes, TotalEnergies CEO Patrick Pouyanné stated that global energy markets may take up to four months to achieve a full rebalance. Pouyanné highlighted that gasoline and diesel inventories remain constrained due to ongoing shipping concerns in the Strait of Hormuz. These remarks underscore growing anxieties regarding persistent supply tightness in the refined products market caused by logistical bottlenecks.
These warnings coincide with similar pressures faced by major energy peers, with Shell previously noting that refining volatility and shipping disruptions are impacting margins across the petroleum sector. Per market data, continued risks in the Strait of Hormuz—a transit point for nearly one-fifth of global daily oil consumption—sustain a price risk premium and leave global inventories vulnerable to sudden shortages.
Regarding market performance, TTE shares stood at $76.69 (close July 2, 2026), while TTE.PA in Paris closed at €66.94 (close July 3, 2026). Traders are closely monitoring the upcoming Manufacturing PMI data from China on June 30 as a key indicator of global energy demand, alongside any further security updates regarding international shipping lanes.