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Euronext Markets: Real-time Stock Market Data | live
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Shell LSE:SHEL expects third-quarter refining margins to jump to $42 a barrel, a record high and sharply above $24 a barrel in the previous quarter, the oil major said on Wednesday, as the Middle East conflict tightened fuel supplies, driving up prices.Global benchmark Brent ICEEUR:BRN1! crude pric…
Shell expects to report strong results from oil trading in the third quarter as a squeeze on global fuel supplies drives refining margins to a record.
Record prices caused by global shortages amid shutdown of war-damaged refineries in Middle East and Russia