"I'm optimistic. I trust these people and I saw even President Putin engaging himself, Russia, which is quite new."
While acknowledging there had been some conflicting statements out of producing nations, Pouyanné believes there is no inherent conflict between the Russian state's position and comments from Rosneft chief executive Igor Sechin's comments to Reuters earlier on Tuesday that his company would not cut.
Pouyanné said he also did not intend to cut production at his company.
The Total CEO reaffirmed the company's commitment to investment, saying 5 percent of capital is to be allocated to new energy, saying this would be important to the future of the company.
He also warned of the risk of producers shying away from capital spending following the last few years of high inventory levels.
"This is a commodity business. When the price is high, you invest too much. When the price is low, you don't invest enough. So we are not sanctioning any new projects. In three or four years we will have a lack of supply."
Pouyanné refuted the idea that the energy markets are anything but cyclical, saying this is just another stage in an ongoing rotation of peaks and troughs for market participants.
"New normal, peak oil, peak demand, floor, ceiling, forget all that."