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TotalEnergies Eyes Massive Profit Windfall as Refining Margins Soar

Source: oilprice · 2026-10-15T05:00:00 UTC

TotalEnergies expects to report strong third-quarter results later this month as the Middle East conflict has driven up refining margins and LNG prices in a bull market, the French oil and gas supermajor said on Thursday. TotalEnergies said in a trading update its European refining margin soared to as much as $33.20 per barrel in the third quarter, nearly tripled from $13.50 for the second quarter

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