TotalEnergies and Equinor Profit from War-Driven Oil Volatility

TotalEnergies reported a surge in first-quarter profit driven by high oil prices and strong trading, despite production challenges from the war. The company said it maintained production levels amid the conflict. Equinor also signaled a trading windfall from war-driven market volatility. Meanwhile, Iran shipped out 9 million barrels of crude from floating storage in the Gulf of Oman since a US blockade, according to a tracker.