Total SA CEO: Oil Price Trend Is Upward
2011年7月9日 - 11:17PM
Dow Jones News
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;
william.horobin@dowjones.com
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