Total S.A (NYSE:TOT)
5年 : から 2 2012 まで 2 2017
The chief executive of French oil major Total SA (TOT) said Saturday that oil prices are tending up while refining margins are weak.
"The trend at the moment is for prices to rise as fundamentals point to more energy demand," Christophe de Margerie said on a panel at the Rencontres Economiques d'Aix-en-Provence conference here in the south of France.
Without speculation, oil prices would still be rising, in part due to geopolitical concerns and demand, he added.
He also said refining margins are "very weak" at the moment.
-By William Horobin, Dow Jones Newswires; +33 1 4017 1737; [email protected]