Total Goes on Mideast Oil-Buying Spree, Adding to Market Turmoil

The trading arm of French oil major TotalEnergies SE embarked on one of the biggest-ever buying sprees of Middle Eastern oil this month, helping to send prices soaring in a...

By Yongchang Chin, Alex Longley · Bloomberg Markets

The trading arm of French oil major TotalEnergies SE embarked on one of the biggest-ever buying sprees of Middle Eastern oil this month, helping to send prices soaring in a market already facing a liquidity squeeze because of the war.