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Stock impact report

TotalEnergies says about 15% of output offline but surging oil prices more than offset losses [Seeking Alpha]

TotalEnergies SE Ordinary Shares (TTE) 
Company Research Source: Seeking Alpha
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 Fresh Stock Ideas, Every Day Quick Insights Around 15% of TotalEnergies' production is offline, but surging oil prices have offset the lost barrels, supporting profits. If the war continues, product and natural gas prices could rise much higher, with European gas potentially reaching $40/MMBtu due to supply disruptions and seasonal demand increases. U.S. natural gas companies such as Venture Global, Cheniere Energy, NextDecade, and ETFs like UNG, BOIL, KOLD, UNL, and FCG are seeing gains amid supply disruptions. More Trending News Show less Read more
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