Total boosts profit 15%, warns of tight global oil capacity

PARIS (AFP)


He said: “In the second quarter, demand for oil remained strong, still pulled by Asia and the Middle East, despite signs of a slowing in the Atlantic basin.”

However “tensions on world production capacity remain, despite the increase in the contibution from Saudi Arabia.”

… De Margerie said that world supplies of oil had again been affected by “geopolitical uncertainties or problems over security in several zones of growth, and continuing decline in mature regions.”

AFP