Markets

Total CEO sees lower demand, higher supply of crude in 2019

Published October 16, 2018 Updated October 16, 2018 11:02am

Higher oil prices and a strengthening dollar will affect demand for crude, Chief Executive Patrick Pouyanne told reporters on the sidelines of the IHS CERA conference.

Crude prices could come down once pipeline infrastructure is ready in the United States, Pouyanne said, adding that geopolitics was "putting more pressure on the oil markets."

Copyright Reuters, 2018