Total CEO: "Hormuz supertanker transport cost about $20 million"

1. 1TotalEnergies (TTE) CEO cites roughly $20 million oil transport cost for Hormuz Strait supertankers
2. 2Notes Persian Gulf inner-zone barrel purchases at $50–$60 with additional freight of about $10 per barrel
3. 3Hormuz volumes have kept international oil prices from breaking $100, but provided wide margins for shipowners and brokers

Source Bloomberg +1 · View original ↗

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