While the conflict shut in roughly 15 percent of TotalEnergies's production, the firm said it was able to compensate by boosting output elsewhere

While the conflict shut in roughly 15 percent of TotalEnergies's production, the firm said it was able to compensate by boosting output elsewhere

 Christophe ARCHAMBAULT

French oil and gas giant TotalEnergies said Thursday its production in the first quarter of the year was expected to have remained stable despite the Middle East war hitting its output in the region.

The war triggered by US and Israeli bombing of Iran at the end of February sent energy prices soaring as transit through the Strait of Hormuz was cut off, stranding a fifth of the world's oil and liquefied natural gas (LNG) supplies.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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