Source: International Business Times
TotalEnergies Chairman and Chief Executive Officer Patrick Pouyanne said getting a supertanker through the Strait of Hormuz now costs $20 million. AFP via Getty Images TotalEnergies Chairman and Chief Executive Officer Patrick Pouyanne said getting a supertanker through the Strait of Hormuz now costs $20 million. Pouyanne told Bloomberg that the company is buying barrels at between $50 and $60 in the Persian Gulf as producing countries are increasingly desperate to sell their stocks as shipping through the waterway continues to be practically nonexistent.
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