The trading arm of TotalEnergies led a massive wave of crude oil purchases from the Middle East during March. This indicates strong demand for the commodity from one of the key players in the energy sector. The company is actively building up its reserves, possibly in anticipation of further price increases or to meet future needs. The rise in purchases also reflects the general trend of increasing energy demand following the easing of pandemic restrictions. Experts note that such large-scale acquisitions can influence global oil prices.
