World has 'never experienced' soaring refining margins like this, TotalEnergies CEO tells CNBC
By Pippa Stevens
Published on March 24, 2026.
TotalEnergies CEO, Patrick Pouyanné, stated that around 15% of the company's production is offline due to the Iran-Iran war, but rising oil prices have compensated for lost barrels. He also revealed that the world has never experienced high refining margins from products such as Asian jet fuel at current levels. The company, which is also the largest exporter of U.S. LNG, can still fulfill customer orders in Europe and Asia due to its diversified global portfolio. TotalEognies is also a major investor in U.
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