TotalEnergies
The CGT union at Argedis, a TotalEnergies subsidiary managing around 200 service stations, has called for a strike on Friday ahead of holiday departures in Île-de-France. The union demands fuel payment assistance amid soaring prices. Management declined to comment at this stage.
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TotalEnergies CEO Patrick Pouyanné said on Monday that a toll would be preferable to a prolonged closure of the Strait of Hormuz, through which 20% of global oil and gas passes. He spoke at a conference in Washington on the sidelines of the IMF and World Bank spring meetings. He warned of supply tensions if the situation lasts beyond three months.