TotalEnergies' earnings rose sharply in third quarter, the French energy group said on Thursday, as it reaped the rewards of surging power prices and predicted gas prices would remain high in Europe and Asia though next spring.
The logo of French oil and gas company TotalEnergies is seen at a petrol station in Ressons, France, August 6, 2021. REUTERS/Pascal Rossignolearnings rose sharply in third quarter, the French energy group said on Thursday, as it reaped the rewards of surging power prices and predicted gas prices would remain high in Europe and Asia though next spring.
It predicted low supplies and sustained high demand would keep gas prices high in Europe and Asia into the second quarter of next year, barring an exceptionally mild winter. It said it should produce between 2.85 and 2.9 million barrels of oil equivalent per day in the last three months of 2021, after it reached 2.814 mboepd in the third quarter.
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