Oil sanctions splitting global market, boosting ‘grey’ trade movements: TotalEnergies’ Pouyanne
Sanctions against Russia have split the global oil market, fostering the growth of a “grey” market and pushing up prices, TotalEnergies CEO Patrick Pouyanne said Feb. 8 after the stepping up of measures against Moscow by the EU and G7 countries following the invasion of Ukraine. Referring to measures by the EU and G7, Pouyanne said at an investor presentation:…