-+ 0.00%
-+ 0.00%
-+ 0.00%

According to the Zhitong Finance App, Total (TTE.US) CEO Patrick Pouyanne said that although oil prices fell this week due to heightened concerns about global oil surpluses, rising oil demand will help support oil prices. Due to increased production from OPEC and many non-member countries in the Americas, oil supply is expected to exceed demand this year and next, so oil prices are expected to fall every year. On Tuesday, the global benchmark Brent crude fell below $60 per barrel for the first time since May. WTI crude oil is trading close to its lowest level since 2021.

Zhitongcaijing·12/17/2025 07:01:06
Listen to the news
According to the Zhitong Finance App, Total (TTE.US) CEO Patrick Pouyanne said that although oil prices fell this week due to heightened concerns about global oil surpluses, rising oil demand will help support oil prices. Due to increased production from OPEC and many non-member countries in the Americas, oil supply is expected to exceed demand this year and next, so oil prices are expected to fall every year. On Tuesday, the global benchmark Brent crude fell below $60 per barrel for the first time since May. WTI crude oil is trading close to its lowest level since 2021.