Global energy markets may take as many as four months to rebalance, with gasoline and diesel inventories still constrained by shipping worries in the Strait of Hormuz, TotalEnergies SE Chief Executive Patrick Pouyanné said on Saturday.
"There is a lack of oil products, the lack of petrol and diesel," Pouyanné said during a panel discussion at Rencontres Economiques conference in Aix-en-Provence. "The stocks are quite low, and the price of petrol and diesel is still today at an equivalent of 85 or $90 a barrel."
